Zeekr to Unveil New Self-Developed Battery on Dec 14

Geely’s premium electric vehicle subsidiary, Zeekr, will host its “Zeekr Energy Day 2023 and Battery New Product Launch Event” on December 14th, according to an announcement made on Thursday. The event is likely to witness the unveiling of a new battery, as well as updates on the 800V high-voltage platform, an innovative EV technology promising enhanced charging speed and performance.

At present, Zeekr collaborates with CATL for its battery supply. In January 2023, Zeekr introduced the Zeekr 001 WE version 140kWh long-range suite, outfitted with CATL’s CTP 3.0 Qilin battery. CATL claims that this battery delivers a 13% power boost compared to the 4680 system with the same battery pack size, thereby enabling the vehicle’s CLTC combined driving range to extend up to 1032km.

However, Zeekr isn’t the sole Chinese automaker to develop its own batteries. Other notable players in this space include BYD, GAC Aion, and NIO. GAC Aion, for instance, recently revealed plans to officially launch its fully self-developed and self-produced battery on December 12, initially for internal use, with plans for a broader market rollout in the future.

In the first 11 months of this year, Zeekr reported the delivery of a total of 105,000 new vehicles. With regards to international expansion, Zeekr anticipates its presence in the European market to span 6 countries by 2024, extending to 8 countries by 2025, and capturing a majority of the key Western European nations by 2026.

Zeekr is presently investigating the feasibility of a February Initial Public Offering (IPO) in the United States next year. Insiders report that after evaluating investor interest last month, Zeekr has been in search of a suitable listing window. The company is considering a potential IPO launch around February 10th, coinciding with the Spring Festival period. However, the IPO review process is still underway, and details, including the timeline, may undergo changes.

SEE ALSO: Zeekr Ready for NYSE, Valuation exceeds $13 billion

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