Market Chatter: Zeekr Becomes Latest Chinese EV Manufacturer to Tap Hybrids

MT Newswires Live
07-10

Chinese electric vehicle maker Zeekr became the latest auto manufacturer to launch plug-in hybrids, narrowing the list of pure EV producers in China, the South China Morning Post reported Wednesday.

The 9X, Zeekr's very first hybrid model, will reportedly cost 600,000 yuan and have a range of 380 kilometers, the report said.

The Geely Automobile-owned (HKG:0175) company will begin deliveries of the model in Q3, SCMP reported.

Zeekr's transition from a pure EV manufacturer to one that's making hybrids leaves NIO (HKG:9866, SGX:NIO) as the only domestic company producing only electric cars.

Tesla, which produces cars in the mainland, is the another maker of pure EVs, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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