Geely’s Zeekr prepares for US IPO, but Chinese influence remains a concern

Zeekr, the luxury The electric car brand under China’s Geely is preparing to list its shares publicly in the US, according to a regulation. FILING submitted on Thursday. The filing shows widening losses between the first half of 2023 and 2022, and illustrates the risk of Beijing influencing Zeekr’s business decisions.

The move comes nearly a year after Zeekr announced it was confidentially filing for an initial public offering in the US. If Zeekr’s IPO goes through, it will be the country’s first major Chinese listing in nearly two years, following China’s effective ban on foreign IPOs. In August 2022, Washington and Beijing struck a deal which has lowered the possibility of delisting more than 200 Chinese companies listed on New York exchanges by allowing US officials to review audit documents of Chinese enterprises doing business in US

However, one of the key risks to Zeekr is China’s influence.

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