Table of Contents
Chinese EVs are making moves into global markets despite rising trade tensions. Zeekr, a premium EV brand under Geely, recently saw its shares surge 34% in the largest US IPO by a Chinese company since 2021. This comes as the US and Europe are expected to impose trade barriers on Chinese-made cleantech. However, investor appetite for Chinese cleantech remains strong, with upcoming IPOs of companies like Horizon Robotics and Black Sesame Technologies in Hong Kong. Despite geopolitical tensions, China’s domestic EV market continues to flourish, with sales up over 30% in the first four months of the year. The Zeekr IPO marks a departure from strained US-China relations and stringent listing rules that previously hindered Chinese IPOs. Improved market conditions and investor sentiment have driven gains in indices like Hong Kong’s Hang Seng and Nasdaq’s Golden Dragon China Index, which tracks US-listed Chinese companies. However, Chinese EV companies still face challenges in navigating global markets amidst trade tensions.
