Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Zeekr, the premium electric car brand of Zhejiang Geely Holding Group, intends to sell its first electric vehicle in Europe in 2023, the company’s CEO said.

Geely’s Zeekr was established in 2021 as a premium brand that targets younger customers.

An Conghui, Zeekr’s Chief Executive Officer and Geely’s President, said at a roundtable in Wuzhen on Tuesday that Zeekr’s 001 electric crossover would be marketed in Europe in 2023, but he did not provide a sales target.

An also did not clarify if Zeekr would consider production abroad.

The 001 electric crossover was introduced to the Chinese market in late 2021. It sold 39,474 vehicles during the first nine months of 2022, compared with 219,112 Model Y crossovers sold by Tesla Inc in China during the same period.

The base model of Zeekr’s 001 crossover is priced at $41,000 in China. In comparison, Tesla’s Model Y is priced at $40,000 after a recent reduction.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Jabil Inc announces acquisition of RetronixJabil Inc announces acquisition of Retronix Jabil Inc, a global leader in design, manufacturing and supply chain solutions, said on Monday that it had acquired Retronix, an innovative provider in the reclamation and refurbishment of electronic components.Retronix has been a […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4453-1.4658. The pair closed at 1.4543, surging 0.70% compared to Mondays close. It has been the 23rd gain in the past 53 trading days and also the steepest one since May 24th, when the pair […]
  • Hyundai Motor share price down, cuts domestic output amid falling salesHyundai Motor share price down, cuts domestic output amid falling sales South Korean automaker Hyundai Motor Co and affiliate Kia Motors Corp said on Friday they are cutting production to adjust to declining sales as the two suffer a heavy reliance on sedans in times of a global boom in SUV demand and a weaker yen […]
  • Oil plunges back after erasing earlier lossesOil plunges back after erasing earlier losses West Texas Intermediate returned to the red side of the scale amid weak U.S. housing data. Pending Home Sales eased off a 6-year high in June, spurring concern over the U.S. economic recovery. Earlier in the day, oil erased prior losses and […]
  • Soft futures mixed, sugar eases off four-week highSoft futures mixed, sugar eases off four-week high Soft futures were mixed on Monday with cotton and cocoa advancing, while coffee fell and sugar eased off a four-week high.On the ICE Futures U.S. Exchange, raw sugar for October delivery traded at $0.1691 a pound at 12:56 GMT, down 0.24% […]
  • WPP Plc share price up, posts rising first-half profit despite currency headwindsWPP Plc share price up, posts rising first-half profit despite currency headwinds The worlds biggest advertising agency by sales – WPP Plc said in a statement today that it has surpassed its forecast at the beginning of the year after its first-half sales exceeded analysts projections.WPP Plcs Chief Executive Officer […]