China's Zeekr launches EV in Australia, eyes New Zealand next

admin admin | 10-17 00:30

Chinese EV maker Zeekr's has begun sales of its first model for Australia.
Chinese EV maker Zeekr's has begun sales of its first model for Australia - one of two slated for 2024 and both will also launch in New Zealand later this year as it seeks to make Oceania a key overseas market.

Geely's premium brand has made a promising start with the sport utility vehicle X, said Connal Yan, managing director of Zeekr Australia, adding that the X and the multi-purpose vehicle 009 have together garnered more than 2,500 expressions of registered interest.

Chinese EV makers have been enthusiastic about the Australian market as trade barriers elsewhere rise. Europe is poised to slap hefty tariffs on Chinese-made EVs, while they have been shut out of the U.S. market.

Although Australia is a relatively small market on a global scale with 1.2 million cars sold last year, it's highly attractive to Chinese automakers as it doesn't have a car manufacturing industry and is seen as unlikely to introduce protectionist trade barriers.

The government has also aggressively promoted the adoption of EVs since 2022 to meet its zero emission targets and bilateral relations with China have warmed after years of tension.

Zeekr is hoping that Oceania will become one of its biggest overseas markets alongside Southeast Asia and Latin America, said Yan, adding that he expects Australia's new vehicle efficiency standards, due to take effect from 2025, will further help drive demand for EVs.

It is planning to launch another medium-sized SUV - the 7X in Australia - next year.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

China's Zeekr launches EV in Australia, eyes New Zealand next

Chinese EV maker Zeekr's has begun sales of its first model for Australia. Chinese EV maker Zeekr's ...

EV chipmaker Wolfspeed set to receive USD 750 million US chips grant

Wolfspeed's devices are used for renewable energy systems, industrial uses and artificial intelligen...

Rio Tinto Q3 iron ore shipments rise, Simandou on track for 2025

Rio said iron ore production from its Iron Ore Company of Canada (IOC) operations fell 11% following...

Hyundai issue is for long-term investors; expect 16-18% growth in next 2-3 yrs: Narendra Solanki

Narendra Solanki, Head Fundamental Research-Investment Services, Anand Rathi Shares & Stock Brok...

Electric car sales have slumped, misinformation is one of the reasons

The politicisation of green initiatives adds to the challenge. When electric vehicles become associa...

AI transforms mobility landscape

AI is increasingly infiltrating the mobility sector, enhancing various aspects such as autonomous dr...