Shanghai (ZXZC)- On the evening of May 10th (Beijing time), ZEEKR, the premium electric vehicle maker under Geely, officially commenced trading on the New York Stock Exchange (NYSE), listed under the ticker symbol "ZK".

Photo credit: ZEEKR

Due to oversubscription, ZEEKR increased the size of its initial public offering (IPO), issuing 21 million American Depositary Shares (ADSs) priced at $21 each. Each ADS represents 10 ordinary shares, thereby raising approximately $441 million. If the underwriters exercise their option to purchase additional shares, the issuance could increase to 24.15 million ADSs, raising approximately $507 million.

ZEEKR has set a record for the quickest IPO timeline among new energy vehicle companies in China. The brand, which was launched on April 15, 2021, achieved a successful IPO in just 37 months. In 2023, ZEEKR reported revenues of approximately 51.7 billion yuan, with a vehicle gross margin of 15%.

In the fourth month of 2024, ZEEKR delivered 16,089 vehicles, marking a 99% year-on-year surge and a 24% month-on-month leap, setting a record high in monthly deliveries. From January to April, its deliveries surged by 111% compared to the same period last year. As of now, ZEEKR has delivered over 240,000 vehicles.

At the recently concluded Auto China 2024, ZEEKR unveiled its "SEA-M", designed to revolutionize automotive spaces for intelligent electric vehicles. This architecture focuses on spatial utilization, entry and exit experience, and in-cabin scenarios, redefining the future travel space and electric vehicle design. The ZEEKR MIX, the first vehicle model based on this architecture, made its global debut at the auto show, positioned as a 'family all-scenario large five-seater' battery electric vehicle (BEV).