Zeekr set to take on BMW, Mercedes in China’s SUV segment, SCMP says

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Chinese electric vehicle maker Zeekr (ZK) will unveil a luxury model next month, targeted at luring wealthy consumers away from premium foreign brands such as Mercedes-Benz (MBGYY) and BMW (BMWYY), the South China Morning Post’s Daniel Ren says. The Hangzhou-based unit of Geely Auto (GELYF), mainland China’s second-largest carmaker by sales, said on Monday that the Zeekr 9X Grand SUV would be priced at about $137,840. The 9X Grand is the super-luxury edition of the 9X series, with other variants also making their debut next month, the author says.

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