Chinese automaker Geely's premium electric vehicle brand, Zeekr, made a strong entry into the US market with its shares rising nearly 35% above its IPO price in its market debut on the New York Stock Exchange (NYSE). This marks the first major US market debut by a Chinese company since 2021. Zeekr's successful debut gave it a fully diluted valuation of $6.8 billion, higher than the $5.5 billion it fetched after a funding round last year. Zeekr aims to differentiate itself from other Chinese EV makers by targeting a larger share of the European market. The company has already delivered nearly 200,000 cars in China since its formation in 2021 and plans to expand into other markets due to intense competition in China. Zeekr aspires to become the Volkswagen Group of the new energy vehicle era. [eb24570a] [5acac8c7] [798f83fa]