Electric vehicle maker Zeekr is Series Archivesseeking to raise over $1 billion in an initial public offering in New York, marking the largest US listing by a Chinese company in two years, as revealed in updated federal regulatory paperwork made public on Thursday. However, a source familiar with the matter informed Reuters that investor sentiment could influence the Geely affiliate’s success amid ongoing tensions between China and the US over trade, technology, and geopolitics. Zeekr reported a net loss of RMB 3.87 billion ($531.34 million) in the first six months of this year, up from RMB 3.09 billion a year earlier, while revenue more than doubled to nearly RMB 21.3 billion during the same period. The company currently offers three models for sale—the 001 hatchback, the 009 van, and the X compact crossover—and is set to unveil its first sedan, the 007, on Nov. 17. [Reuters]
