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Geely EV Brand Zeekr Raises $500 Million From CATL, Investors

The Zhejiang Geely Holding Group Co.'s Zeekr Co. 001 electric vehicle at the Auto Shanghai 2021.

The Zhejiang Geely Holding Group Co.'s Zeekr Co. 001 electric vehicle at the Auto Shanghai 2021.

Photographer: Qilai Shen/Bloomberg

Zeekr Intelligent Technology Co., the electric-vehicle brand aiming its cars at a younger, trendier demographic in China, has raised $500 million in its first external funding round, according to a statement Friday.

Five investors participated, including the world’s biggest EV battery maker, Contemporary Amperex Technology Co. Ltd. The other investors were Intel Capital, which led the round, online entertainment group Bilibili Inc., Cathay Fortune Group and alternative asset manager Boyu Capital.