Carmaker Geely enters China’s packed electric-vehicle arena with the long-range Zeekr 001

Zhejiang Geely Holding, one of China’s biggest carmakers and the owner of Sweden’s Volvo Cars, has entered the fray against Tesla by launching an electric car it describes as a vehicle to excite rather than commute in.

The Zeekr 001 car, a four-door sedan with a driving range of 700km (435 miles), is priced at 281,000 yuan (US$43,098), a little higher than the Shanghai-made Tesla Model 3’s starting price of 249,900 yuan.