Geely’s Zeekr plans electrical automobile gross sales in Europe in 2023

SHANGHAI — Zhejiang Geely Holding Group’s premium electrical automobile enterprise plans to promote the primary electrical car produced below the Zeekr model in Europe subsequent yr, Zeekr’s CEO stated.

Zeekr joins a rising checklist of Chinese language automakers trying to launch or broaden gross sales of electrical automobiles in Europe subsequent yr, together with BYD, Xpeng and Nice Wall Motors.

Geely, proprietor of Volvo, Polestar and an investor in Mercedes Benz, launched Zeekr in 2021 as a premium model aimed toward youthful prospects.

Geely Vehicle, the listed unit of Geely, stated earlier this week it plans to spin off Zeekr and float the enterprise.

An Conghui, CEO of Zeekr and Geely president, informed reporters at a roundtable on Tuesday in Wuzhen in Zhejiang province that Geely had created Zeekr with the goal of assembly requirements in Europe and america from the outset.

An stated Geely would market its 001 electrical crossover in Europe subsequent yr. He didn’t give a gross sales goal or talk about whether or not Zeekr would contemplate abroad manufacturing.

Geely offered a transcript of An’s remarks on Wednesday.

Zeekr launched the 001 in China late 2021. Its gross sales hit 39,474 models within the first 9 months, whereas Tesla offered 219,112 Mannequin Y crossovers in China over the identical interval, in line with China Passenger Automotive Affiliation.

The bottom mannequin Zeekr 001 sells for the equal of $41,000 in China in contrast with $40,000 for the Tesla Mannequin Y after a latest value minimize. Zeekr has not introduced pricing for abroad markets.

(Reporting by Zhang Yan, Brenda Goh. Enhancing by Jane Merriman)

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