Feb 14, 2023 06:29 AM

BUSINESS

Geely EV Unit Zeekr Wraps Up $750 Million Funding Round

By An Limin and Han Wei

Geely established Zeekr in March 2021, targeting the middle to high-end electric car market.

Geely established Zeekr in March 2021, targeting the middle to high-end electric car market.

Zeekr, the premium electric-vehicle brand of Geely Automobile Holdings Ltd., was valued at $13 billion after a funding round backed by investors including battery giant CATL.

Zeekr Intelligent Technology Co. Ltd., a Cayman Islands-registered Geely unit, completed the $750 million fundraising from five new and existing investors, Hong Kong-traded Geely said in a Monday filing.

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