Asian Tech Press (Nov 30) -- Zeekr, the premium electric car brand of Chinese auto conglomerate Geely, denied on Thursday that it has put its U.S. IPO on hold.

Earlier, Reuters reported that Zeekr had put its U.S. IPO plans on hold due to weak market sentiment, and that the company would continue to monitor market conditions and decide when to resume its listing plans.

In response, the electric car maker said preparations for its initial public offering in the U.S. are well underway.

Earlier this month, ZEEKR Intelligent Technology Holding Limited (Zeekr) filed an IPO with the U.S. Securities and Exchange Commission (SEC), and planned to list on the New York Stock Exchange under the ticker symbol "ZK".

Founded in March 2021, Zeekr has already released several electric models, including ZEEKR 001, ZEEKR 001 FR, ZEEKR 009 and ZEEKR X.

Over the past year, Geely has been actively promoting the listing of Zeekr. In October 2022, it first disclosed Zeekr's plan to spin off and go public.