The carmaker initially intended to go public last year, but paused these plans in November
The IPO aims to fuel Zeekr 's growth in China and international markets like Australia, targeting 230,000 vehicle deliveries in 2024 . This revised goal comes after previous hopes of raising $1 billion and securing a $13 billion valuation in private investments earlier this year. Zeekr recently unveiled an upgraded 001 electric car with faster charging and a new electric minivan competitor to the VW ID.Buzz.
In February, it secured $750 million in private investments from Chinese battery manufacturer CATL and the chief executive of Mobileye Global, Amnon Shashua, giving the carmaker a valuation of $13 billion. Zeekr is seeking to continue its growth across China while expanding into new markets, including Australia where it will launch later this year. It hopes to deliver 230,000 vehicles in 2024, double the number of BEVs it sold in 2023. Six Chinese companies have gone public in the U.S.
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