Chinese EV brand Zeekr is now worth more than Xpeng- Check out in detail

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Geely-backed electric car brand Zeekr said Monday it’s now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others.

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Zeekr is not yet publicly listed, but Geely said in December the brand filed confidentially for an initial public offering in the U.S.

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The new valuation makes Zeekr worth more on paper than Xpeng, which had a market value of $8.01 billion, according to Refinitiv Eikon data accessed Monday.

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Nio and Li Auto are worth much more, with market valuations of $17.22 billion and $25.22 billion, respectively, the data showed.

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Zeekr said its new investors include Amnon Shashua — co-founder and CEO of self-driving tech company Mobileye

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Geely established the Zeekr electric vehicle brand in 2021. The company began delivering its Zeekr 001 coupe that October, and claims to have delivered more than 80,000 units .

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The Zeekr 001 is priced between 300,000 yuan ($43,915) and 386,000 yuan. For rough comparison, Tesla’s Model Y starts at 261,900 yuan.

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