None
DE
Zeekr’s global expansion on track despite EU investigation, executives say
['Technode Feed', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright']
TechNode
Chinese electric vehicle maker Zeekr’s aggressive global expansion drive is putting it on track to achieve its annual delivery target of 230,000 units for this year, executives said on Tuesday at its first-quarter earnings call.
The company is planning to expand its footprint from 25 to more than 50 global markets by the end of this year, said Andy An, chairman of Geely Auto Group and chief executive of Zeekr.
This would include 6-8 mainstream European countries, as well as those in Southeast Asia, the Middle East, Latin America, and Australia.
The comments come as the European Commission is about to publish the results of a nine-month probe into Chinese EV subsidies.
Revenue for the January-March quarter rose 71% year-on-year to RMB 14.74 billion ($2.04 billion), with a narrowed net loss of RMB 2.02 billion.
['results'
'markets'
'eu'
'zeekrs'
'technode'
'units'
'geely'
'european'
'rmb'
'zeekr'
'billion'
'say'
'investigation'
'expansion'
'track'
'despite'
'global'
'vehicle'
'executives']