Asian Tech Press (Aug 25) -- Geely's premium EV brand Extreme Zeekr is considering an IPO.

Sources said that Zeekr, a high-end electric vehicle brand owned by Zhejiang Geely Holding Group Co., Ltd., is considering an initial public offering (IPO), with the U.S. and Hong Kong among the options, and has sought advice from investment banks.

In response, the relevant person in charge of Zeekr said Thursday, "Zeekr currently has no plans for a new round of financing."

Founded in 2021, Zeekr has positioned itself as a premium electric vehicle brand targeting younger, trendier consumers in China.

The EV brand has sold about 20,000 electric vehicles since last October, and it plans to launch six models in five years and achieve annual sales of 650,000 vehicles by 2025.