{"id":7611,"date":"2023-04-13T05:56:48","date_gmt":"2023-04-13T05:56:48","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/chinas-zeekr-launches-suv\/"},"modified":"2023-04-13T06:01:17","modified_gmt":"2023-04-13T06:01:17","slug":"chinas-zeekr-launches-electric","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/chinas-zeekr-launches-electric\/","title":{"rendered":"China&#8217;s Zeekr launches electric SUV, targets Europe"},"content":{"rendered":"<p>CHENGDU, China (Reuters) -Chinese electric vehicle maker Zeekr on Wednesday launched a compact, all-electric sport utility vehicle, as it targeted a premium market in China that has been dominated by German automakers.<\/p>\n<p>The Geely-owned brand said it also planned to offer the SUV-styled Zeekr X and its Zeekr 001 EV sedan in Western Europe without saying when that would be.<\/p>\n<p>With a starting price of 189,800 yuan ($27,615.31) in China, the Zeekr X offers features such as facial recognition to unlock the car and an option for an in-vehicle refrigerator, Chief Executive Andy An told an event in China&#8217;s southwestern city of Chengdu. <\/p>\n<p>The company will start delivering the Zeekr X in China from June with a target of delivering 40,000 this year, An said.<\/p>\n<p>Zeekr&#8217;s event to launch the new model took place ahead of the Auto Shanghai show, scheduled for April 18-27, where automakers such as Chinese brand Nio and Germany&#8217;s BMW are expected to show off their latest models. <\/p>\n<p>An said Zeekr would provide more details on its strategy for overseas sales then. After Europe, Zeekr will target Asian markets outside China, An said without providing details.<\/p>\n<p>The Geely-owned EV maker has jointly developed a small EV for use as a robotaxi in partnership with Alphabet&#8217;s self-driving technology unit Waymo.<\/p>\n<p>An said Zeekr had no current plan to sell its EVs directly to U.S. consumers.<\/p>\n<p>EV makers such as Zeekr and Nio have taken market share from German automakers such as Mercedes Benz and BMW in China by launching EV models more quickly. <\/p>\n<p>In also targeting Europe, Zeekr joins a range of Chinese automakers that are selling or planning to deliver EVs for that market, including BYD, Xpeng and SAIC&#8217;s MG brand.<\/p>\n<p>French auto consultancy Inovev estimates Chinese brands will represent up to 20% of EVs sold in Europe by 2030.<\/p>\n<p>Pure electric and plug-in hybrid cars, accounted for 44% of first-quarter sales of premium cars in China, data from China Association of Automobile Manufacturers show.    <\/p>\n<p>While Geely founder Eric Li has ambitions for Zeekr, it lags EV peers in China. <\/p>\n<p>It sold 15,234 of its two existing models &#8211; the 001 sedan and the 009 multi-purpose vehicle &#8211; in the first quarter, accounting for just 2% of China&#8217;s battery electric vehicle sales. By comparison, Nio sold 31,041 vehicles in the same period while Tesla sold 137,429.<\/p>\n<p>Zeekr aims to double annual sales in 2023 to about 140,000 vehicles. <\/p>\n<p>($1 = 6.8730 Chinese yuan renminbi)<\/p>\n<p> (Reporting by Zoey Zhang and Brenda Goh; Editing by David Goodman, Barbara Lewis and Bill Berkrot)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/chinas-zeekr-launches-electric\/zeekr-x-trial-production-model-is-pictured-on-an-assembly\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3C05G-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3C05G-VIEWIMAGE\"><\/a><\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/chinas-zeekr-launches-electric\/news-conference-on-a-launch-of-the-new-zeekr-x\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3C036-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3C036-VIEWIMAGE\"><\/a><\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/chinas-zeekr-launches-electric\/staff-members-work-on-an-assembly-line-manufacturing-zeekr-x\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3C05H-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3C05H-VIEWIMAGE\"><\/a><\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/chinas-zeekr-launches-electric\/staff-members-work-on-an-assembly-line-manufacturing-zeekr-x-2\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3C05J-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3C05J-VIEWIMAGE\"><\/a><\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/chinas-zeekr-launches-electric\/security-guard-walks-past-a-sign-of-geelys-new-brand\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B0II-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3B0II-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENGDU, China (Reuters) -Chinese electric vehicle maker Zeekr on Wednesday launched a compact, all-electric sport utility vehicle, as it targeted a premium market in China that has been dominated by German automakers. The Geely-owned brand said it also planned to offer the SUV-styled Zeekr X and its Zeekr 001 EV sedan in Western Europe without [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":8660,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-7611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3C05G-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=7611"}],"version-history":[{"count":6,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7611\/revisions"}],"predecessor-version":[{"id":8663,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7611\/revisions\/8663"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/8660"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=7611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=7611"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=7611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}