China EV Brand Zeekr to Launch Its First Luxury Sports Car

SHANGHAI (Reuters) – China’s Zeekr, Geely Car’s electrical automobile model, stated on Thursday it would launch its first luxurious sports activities automotive, which will probably be priced above 1 million yuan ($140,000).

An individual with direct data of the matter added that the corporate plans to launch the Zeekr 001 FR sports activities automotive inside weeks and goals to ship the primary batch of vehicles this 12 months.

Whereas Chinese language EV makers have ramped up efforts in growing extra cost-efficient merchandise dealing with a brutal value conflict began by Tesla at the start of the 12 months, a few of them are additionally shifting upscale to the highest phase of high-performance EVs to hunt larger margins.

BYD launched an electrical off-road SUV with a beginning value of 1.098 million yuan as the primary mannequin below its luxurious model Yangwang in January.

Based in 2021 as a premium EV model, Zeekr has three fashions for gross sales with beginning costs starting from 189,800 yuan to 499,000 yuan.

($1 = 7.2116 Chinese language yuan renminbi)

(Reporting by Zhang Yan, Brenda Goh; Enhancing by Edmund Klamann and Miral Fahmy)

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