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Geely’s EV model Zeekr goals to double gross sales in 2023, develop in Europe By Reuters

January 6, 2023
in Business
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Geely's EV brand Zeekr aims to double sales in 2023, expand in Europe
© Reuters. FILE PHOTO: A view of the outside of the newly introduced Zeekr, a self-driving ride-sharing automobile by Waymo, previous to the beginning of the Los Angeles Auto Present in Los Angeles, California, U.S., November 16, 2022. REUTERS/Carlos Barria/

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By Joseph White

LAS VEGAS (Reuters) – Chinese language electrical automobile model Zeekr goals to double gross sales in 2023 to about 140,000 automobiles and plans to develop gross sales in Europe, Chief Government Andy An advised Reuters on Thursday.

Zeekr, a model created by Chinese language automaker Geely, bought 72,000 automobiles in 2022, largely in China. Its 001 mannequin, priced at about 300,000 yuan ($43,600), competes with Tesla (NASDAQ:) Inc’s Mannequin Y crossover and different luxurious fashions within the more and more aggressive Chinese language market. 

Tesla has lower costs and trimmed manufacturing in China because it faces intensifying competitors from Chinese language manufacturers reminiscent of Zeekr. Tesla gross sales in December fell to the bottom degree in 5 months.

A second Zeekr mannequin, the 009, will go into manufacturing this month.

Zeekr sees alternative for progress in Europe, An mentioned in an interview on the CES 2023 annual expertise convention in Las Vegas. Later this 12 months, Zeekr plans to start promoting automobiles there with assisted driving techniques engineered with Mobileye, he added.

Zeekr and mum or dad Geely have a European base with Volvo Automotive AB, which Geely owns a majority stake in.

Zeekr and Waymo, Alphabet (NASDAQ:) Inc’s robotaxi unit, confirmed a prototype of an autonomous journey service automobile at CES.

An mentioned Zeekr plans to construct automobiles for Waymo in China, however U.S. manufacturing is a risk, “relying in the marketplace state of affairs.”

Zeekr will not be planning to enter the U.S. client market, An mentioned.

Final month, Zeekr filed for a U.S. preliminary public providing, with out offering particulars on the dimensions or timing. Reuters beforehand reported Zeekr was aiming to lift greater than $1 billion within the IPO and searching for a valuation of greater than $10 billion.

($1 = 6.8800 renminbi)

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Tags: aimsBranddoubleEuropeexpandGeelysReutersSalesZeekr
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