Zeekr/Geely shares rocket higher in biggest IPO since Didi. Despite risks, investors see big upside
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- Опубліковано 13 тра 2024
- Geely's luxury EV Zeekr soared in its IPO in US markets, far exceeding the top end of the range underwriters expected.
Geely is a Chinese holding company of some of the world's top car brands, including Volvo. Last month, their Volvo subsidiary in the US announced that they would import Chinese-built EV's into the US. Zeekr is a premium electric vehicle, comparable to luxury models. If Geely can perform similar magic with Zeekr and bring these vehicles to overseas markets, it will perhaps make Geely the most profitable automaker in the world.
Resources and links:
Real-time quote for Zeekr
finance.yahoo.com/quote/ZK
Bloomberg, Geely’s EV Maker Zeekr Tops US IPO Goal to Fetch $441 Million
www.bloomberg.com/news/articl...
American Depositary Receipts, definition and applications
www.investopedia.com/terms/a/...
Reuters, How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
www.reuters.com/business/auto...
If you put a Toyota beside a Zeekr EV, you would think the grandkid is visiting the grandparent in a retirement home.
The Zeeker 001 or 007 blows Tesla out of the water. You have to see the cars with your own eyes as I have a few weeks ago. High end Chinese EVs makes German cars look ordinary. Their quality and finish are overcapacity.
GO ZEEKR / GEELY!!!
Zeekr does make excellent cars. I'd definitely buy a Zeekr here if I could afford it.
until a few weeks ago i hadnt realised James Bonds preferred marque the Aston Martin was Chinese owned!!!
Geely really made a long march within the auto-making industries.
Sat in my friend's Zeeker van... amazing. Its like one of those cars from the MTV show " Pimp My Ride"
I remember in the 70s, the American perception of Japan and Japanese products was not high, even though their cameras and hi-fi equipment were already very high calibre. The perception was totally modified (almost overnight) when Lexus was introduced.
Be good 🙏
A real world example of the idea of prosper together.
I wish Geely/Zeekr well. I particularly like its cooperation with Nio and its battery swapping technology. Battery swapping works better than plug-in charging in my opinion.
Money talks and markets listen.
Chinese EVs will be the KING.
Very risky. US can change the rules at any time. Exciting though like gambling at the casino.
Austin Martin is now owned by Chinese company?
So, of all the Chinese cities you've visited, which one do you like the most? You seem to be reporting from so many locations.
Thanks!
NIO 😃✌️
Can you do a personal review of ev made in China . Lot of conflicting info out here
Geely owns Aston Martin, too?