Chinese language EV maker Zeekr, a unit of auto large Geely, has reportedly filed confidentially for a US preliminary public providing that would search to boost over $1B.
The IPO submitting comes as Zeekr prepares to enter the European EV market. The Geely unit was reportedly valued at round $9B throughout a funding spherical final yr, according to Reuters, who cited unnamed sources near the matter.
Zeekr could be the most recent Chinese language EV maker to listing on the US market, becoming a member of NIO (NIO), Li Auto (LI), BYD (OTCPK:BYDDF) and Xpeng (XPEV). US-based Telsa (TSLA) additionally has a major presence within the Chinese language market.