Chinese EV brand Zeekr is now worth more than Xpeng
Publishing timestamp: 2023-02-12 23:20:18
Summary
Geely-backed electric car brand Zeekr announced that it has raised $750 million from Chinese battery giant CATL and other investors, valuing the company at $13 billion. This makes Zeekr worth more than Xpeng, Nio, and Li Auto on paper. Zeekr plans to use the funds for tech development and to enter the European market this year.
Sentiment: POSITIVE
Tickers: 300750-CN, LI, MBLY, 2015-HK, NIO, XPEV, 9868-HK, 175-HK, 9866-HK,
Keywords: stock markets, li auto inc, business news, mobileye global inc, market insider, nio inc, autos, markets, contemporary amperex technology co ltd, xpeng inc, geely automobile holdings ltd, technology,
Source: https://www.cnbc.com/2023/02/13/chinese-ev-brand-zeekr-is-now-worth-more-than-xpeng.html