By Emon Reiser
Zeekr Intelligent Technology on Thursday filed for an initial public offering with the U.S. Securities and Exchange Commission.
The battery electric passenger vehicle company, which has offices in China and New York, said it plans to list shares on the New York Stock Exchange under the ticker ZK. The company didn’t say how many shares it would list.
Zeekr was established March 31, 2021. Its controlling shareholder is Geely Auto, a Chinese automobile company that will continue to control the company upon the completion of its offering. Zeekr will continue to operate separately from Geely Auto.
Zeekr said it posted $4.4 billion in revenue and a loss of $1.05 billion in 2022. For the six months ended June 30, the company’s revenue was $2.93 billion and a loss of $533.78 million.
The company intends to use the proceeds of the offering for the development of more advanced BEV technologies, as well as an expansion of its product portfolio. They would also be used for selling and marketing, and an expansion of its service and charging network, as well as general corporate purposes and supporting its growth.
Write to Emon Reiser at [email protected]
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