Zeekr seeks ipo in the us
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Zeekr, the Geely owned EV brand publicly filed its IPO prospectus with the U.S. Securities and Exchange Commission. According to the prospectus, Zeekr plans to list on the New York Stock Exchange under the ticker symbol "ZK". The company reported revenue of ¥21.27 billion in the first half of the year, a 136% increase year-over-year, with a gross margin on vehicles of 12.3%, up 7.6% from the previous year. This move marks a significant milestone for Zeekr, showcasing its robust financial growth and ambition in the global market.
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Next-Gen Jeep Wrangler goes green with full electrification expected by 2028
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Global media sources report that the next-generation Jeep Wrangler will undergo full electrification, offering both all-electric and range extender options. The current generation's traditional gasoline and plug-in hybrid powertrains are set to be phased out in the upcoming model, which is anticipated to launch in 2028.
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NIO abandons U.S. factory plans due to high costs
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According to international media reports, NIO has scrapped plans for a U.S. manufacturing plant, citing high costs. Instead, the electric vehicle company will import cars from China for sale in the U.S. NIO aims to sell its first vehicle in the U.S. by 2025 and plans to expand its global reach to 25 countries and regions, including the U.S., by that time.
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Hesai technology announces strategic partnership with Leapmotor
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Recently, Hesai Technology officially declared a targeted collaboration with Leapmotor on a pre-installation project. Leapmotor's new mass-produced passenger models will be equipped with Hesai's high-definition long-range lidar, the AT128. Since the start of mass production and delivery last year, the AT128 has achieved a monthly delivery volume of over 20,000 units, with a total delivery exceeding 130,000 units.
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BYD targets Hungary for its first European factory
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According to global media, BYD is planning to establish its first European factory in Hungary. In an interview with Reuters, BYD stated that it is still searching for a suitable location and will make an announcement by the year's end. The Hungarian government has not responded to requests for comment.
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Lucid announces an agreement with Tesla to switch to the NACS standard
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Recently, the American electric vehicle manufacturer Lucid announced that by 2025, all its models equipped with the current Combined Charging System (CCS) will be able to charge using adapters on Tesla's Supercharger network. Additionally, Lucid plans to integrate the North American Charging Standard (NACS) into its future models by 2025.
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Ferrari's first all-electric car to debut in 2025
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Ferrari's CEO, Benedetto Vigna, recently reported smooth progress in the development of the marque's inaugural electric vehicle, thanks to the application of Hardware in the Loop (HiL) technology. With the foundational design finalized and the new e-building facility ready, Ferrari is on track to launch its first all-electric model in 2025 as planned.
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Tesla aims to produce affordable entry-level EV in Germany
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According to international media reports, Tesla plans to kick off production of a €25,000 entry-level electric vehicle at its German factory. The latest concept images reveal a design featuring metallic steel panels with streamlined yet sharply defined body lines. The pronounced wheel arches give it the rugged appearance characteristic of a tough SUV.
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China reports significant growth in passenger vehicle sales,
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Preliminary data from the China Passenger Car Association (CPCA) indicates retail sales of passenger vehicles reached 2.026 million units from October 1 to 31, marking a 10% year-over-year increase. The cumulative retail sales for the year to date stand at 17.26 million units, a 3% increase from the previous year. Notably, new energy vehicles (NEVs) sold 765,000 units in October, surging by 39% compared to last year, with a total of 5.952 million units sold year to date, up by 34% from the previous year.
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German regulators approved investment in Dresden semiconductor plant
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According to media reports, Germany's competition watchdog has approved the investment by German companies Bosch and Infineon, along with Dutch firm NXP, in TSMC’s semiconductor factory located in Dresden, Germany. TSMC aims to cater to the specific needs of the German automotive industry, providing advanced semiconductor manufacturing services with a monthly capacity of 40,000 wafers. The plant is expected to begin production in 2027, marking a significant collaboration in the global semiconductor sector
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SAIC General Motors announces charging network collaboration with Tesla
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SAIC General Motors recently announced a partnership with Tesla China to integrate their charging networks. Starting from late 2023, owners of SAIC GM's Cadillac and Buick Altium pure electric models can access selected Tesla superchargers and destination chargers, previously exclusive to Tesla vehicles, through a charging map feature in their brand's app. This collaboration marks a significant step in promoting the accessibility and convenience of electric vehicle charging.
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New member of the Polestar family: Polestar 5 debuts
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Recently, the Polestar brand showcased its latest pure electric mid-to-large sedan, the Polestar 5, in Los Angeles, California. The Polestar 5 is a high-performance, pure electric 4-door GT sports sedan, developed and evolved from the Polestar Precept concept car. This unveiling highlights the brand's commitment to combining sports car characteristics with the latest in electric vehicle technology.
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Zeekr 007 official images released, files for IPO on NYSE under ticker "ZK"
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Zeekr officially released the exterior official images of its first sedan, the 007, and announced that the new car will start its pre-sale at the Guangzhou Auto Show. The exterior design of the Zeekr 007 is custom-made based on the vast architecture, crafted by the team of world-renowned designer Stefan Sielaff. The design incorporates a wealth of innovative elements, featuring the world's first dual-zone design for a concealed front face and a unified, sleek rear design. This launch marks a significant step in Zeekr's design innovation and brand evolution.
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