Targeting Tesla, China's Geely to launch new premium EV brand


Employees wearing protective masks assemble Lynk & Co. 05 crossover sport utility vehicles (SUV) on the production line at the Geely Automobile Holdings Ltd. plant in Ningbo, Zhejiang Province, China, on Tuesday, April 28, 2020. Photographer: Qilai Shen/Bloomberg

BEIJING: China's Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles.

The brand, positioned in the premium segment and named "Zeekr", will be housed under Geely's to-be-launched EV entity Lingling Technologies, according to three people, who declined to be named as the plan is not yet public. Reuters reported the plans for Lingling last month.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Geely , electric vehicles , Tesla , Zeekr

Next In Business News

Ge-Shen terminates JB land sale
UWC's 1Q net profit rises to RM17.11mil on higher order flows
Aeon Credit issues 11th senior sukuk worth RM200mil
Ringgit continues to climb against greenback ahead of US NFP data
BPMB provides RM97.63mil financing facility to Johor's Coronade Properties
GDB announces board realignment to head expansion into East Malaysia
Velesto divests NAGA 3 jack-up drilling rig for RM258mil
Bursa Malaysia closes higher for fourth consecutive session
PTT Synergy accepts RM35.88mil construction job from Sime Darby Property
Carimin Petroleum unit bags RM33.98mil PETRONAS Gas contract

Others Also Read