Geely's EV brand Zeekr raises $500 million in first external funding

Technology
Friday, 27 Aug 2021
5:07 PM MYT

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A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song

BEIJING (Reuters) - Zeekr, the premium electric vehicle brand by Geely, said on Friday it raised $500 million in its first external funding from investors including Intel, battery maker CATL and online entertainment firm Bilibili.

Zeekr said investors would jointly hold a 5.6% stake in the company, valuing it at around $9 billion.

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Geely's EV brand Zeekr raises $500 million in first external funding