Geely's EV brand Zeekr raising $750m in new funding round

Geely's EV brand Zeekr raising $750m in new funding round

FILE PHOTO: Visitors check a Zeekr 001, a model from Geely's electric vehicle (EV) brand Zeekr, at its factory in Ningbo, Zhejiang province, China April 15, 2021. REUTERS/Yilei Sun

Zeekr, the electric car brand of China’s Geely Automobile Holdings, is raising $750 million from five new and existing investors in a funding round that values the brand at $13 billion.

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