China's Geely raises $500m for Zeekr EV unit
Zeekr, the electric vehicle (EV) business of Chinese carmaker Geely, has raised $500 million in a pre-Series A round from Intel Capital, Boyu Capital, battery manufacturer CATL, Cathay Fortune Corporation, and online entertainment platform Bilibili.
The investment - Zeekr's first external funding round - values the business at approximately $9 billion. The new investors will own 5.6%, while Geely’s equity interest will fall from 51% to 48%, according...
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