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Zeekr Intelligent Technology Holding

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2022: Establishing a Company

On October 31, 2022, it became known that the Chinese company Geely Automobile was creating an independent structure for the production of cars with an electrified power plant. We are talking about the transformation of the current division of Zeekr Intelligent Technology Holding into a new company.

The division was created in March 2021 with the aim of developing electric vehicles capable of competing with Nio and Tesla models. In January 2022, a collaboration between Zeekr and Mobileye was announced: the project involves the introduction by 2024 of fourth-level autonomous driving equipment, which involves fully automatic control of the vehicle, but still requires the presence of a person in the driver's seat.

Geely divides its division into a stand-alone company

It is reported that Geely's decision to spin off Zeekr Intelligent Technology Holding as an independent company has already received approval from the Hong Kong Stock Exchange. However, the conditions of this procedure have not yet been determined - a platform for placing securities, the size of the offer and the price range.

Zeekr's first electric car - the Zeekr 001 all-wheel drive Shooting Brake class sports car - entered the Chinese market in October 2021. In addition, an electric minivan Zeekr 009 is being prepared for release, which is due to debut in early 2023. These machines are based on the Sustainable Experience Architecture (SEA) platform, a modular architecture for electric vehicles developed by Geely. By the way, it is it that is used in Polestar 5 and Polestar 3 electric cars.

It is also noted that Zeekr intends to significantly strengthen its position in the electric car market in the coming years. By 2025, Zeekr expects to sell up to 650 thousand cars per year, of which about 100 thousand will be supplied to the international market.[1][2]

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