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Just over six months after teasing first images of its second EV model, Chinese automaker ZEEKR has officially begun production of the 009 MPV. Deliveries of the all-electric, multi-purpose vehicle are expected to follow soon, contributing to the Geely sub-brand’s quick growth and early success.

ZEEKR remains a relatively young luxury EV automotive brand in China founded as recently as 2021 under Zhejiang Geely Holding Group Co., Ltd, better known as Geely. Geely added ZEEKR to its EV umbrella as a high-end marque to compete in China against fellow automakers like Tesla and NIO. So far, it’s held its own and reported decent quarterly numbers in 2022.

The company’s flagship EV – the ZEEKR 001 – began deliveries overseas over a year ago, ahead of publicly shared plans to eventually expand to new markets in both North America and the EU. Before then however, ZEEKR has been working to deliver its second EV, the 009 which it began teasing last summer.

By August, we had our first full look at the MPV, which will feature CATL’s energy dense Qilin batteries, a contributor to the 822 km range the higher-tier version of the ZEEKR 009 is touting now that production is officially underway.

  • ZEEKR 009
  • ZEEKR 009

ZEEKR team celebrates 009 SOP, two models in two years

ZEEKR shared images of the first 009 models rolling off its assembly line Ningbo, Zhejiang province of China yesterday. Deliveries will soon follow. The ZEEKR 009 officially launched sales in China this past November, offering two different versions – the WE and ME.

The Zeekr 009 comes standard with a dual motor powertrain with 400 kW peak power, plus ternary lithium batteries. The size of those packs does vary alongside starting MSRP. For example, the WE trim starts at RMB 499,000 ($73,680) and includes an 116 kWh battery offering 702 km (436 miles) of range.

The higher end model includes an 140 kWh pack that includes the aforementioned Qilin technology, delivering 822 km (~511 miles) of range on a single charge and starts at a price of RMB 588,000 ($86,822). It’s important to note that these range estimates are CLTC and would likely equate to significantly lower distances from the EPA. Still impressive for such a large EV, nonetheless.

Even as the lower-end trim, ZEEKR is touting the WE 009 as the first MPV in China to eclipse 700 km CLTC range. In December, ZEEKR announced it had surpassed its output goal of 70,000 units for 2022 and shortly followed up with targeted plans for 140,000 annual units from 2023 onward.

So far, there have been no talks of a third model in the ZEEKR family, nor has the Geely brand shared more details of its expansions into new markets like the US. However, the company did quietly file for a US IPO in December.

At the pace this EV automaker is moving, we are sure to hear some more news soon.

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Tesla wipes odometer on Cybertruck in service, scratches it, and returns it to owner

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Tesla wipes odometer on Cybertruck in service, scratches it, and returns it to owner

Tesla has wiped off the 26,000 miles on the odometer of a Cybertruck in service, scratched the vehicle, and then returned it to the owner like nothing happened.

A Tesla Cybertruck owner in Oregon was quite surprised when he went to pick up his Cybertruck, which was in service to install a new lightbar, fix some panel gaps, and figure out an ABS alert that wouldn’t go away.

According to a thread on the Cybertruck Owners Club, Tesla had wiped the odometer clean on the Foundation Series ‘Cyberbeast’, which had over 26,000 miles on it.

The owner shared a video of the Cybertruck’s odometer going from 0 to 1 mile for the second time:

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The odometer on the vehicle was wiped and both the app and service many also showed the same mileage.

The owner shared a screenshot of the app after 15 miles:

He went to the online forum for advice:

Anyone else have their odometer Thanos-snapped after a controller swap? Can Tesla unsnap it or am I forever “True Mileage Unknown”?

Interestingly, Tesla is currently being sued for allegedly messing with the odometers of its vehicles. However, the lawsuit is for accelerating the mileage, not reducing it, like in this case.

It was not the only surprise from this service visit for this Cybertruck owner.

The owner was not satisfied with the lightbar installation, which he claims has a half-inch gap on the passenger side while it is flush on the driver side. He wrote:

It’s basically smiling sideways at everyone.

It’s also unclear why Tesla was messing with the vehicle’s tailgate, but it ended up having a bolt moving around it, causing scratches and Tesla left a bolt unbolted:

At this point, the truck was returned with more problems than it had when it entered service.

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Ray Dalio says the risk to U.S. Treasuries is even greater than what Moody’s is saying

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Ray Dalio says the risk to U.S. Treasuries is even greater than what Moody's is saying

Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.

Bloomberg | Bloomberg | Getty Images

Bridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasuries, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt.

“You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media platform X.

“They don’t include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they’re getting (rather than from the decreased quantity of money they’re getting),” the Bridgewater founder said.

Moody’s on Friday cut the U.S. credit rating one notch to Aa1 from Aaa, citing the federal government’s ballooning budget deficit and soaring interst payments on the debt. It was the last of the three major credit agencies to downgrade the U.S. from the highest possible rating.

U.S. stocks fell on Monday as the 30-year Treasury bond yield jumped to 4.995% and the 10-year note yield climbed to 4.521% in response to Moody’s downgrade.

“Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying,” Dalio said.

Bridgewater’s assets under management dropped 18% in 2024 to some $92 billion, Reuters reported in March, down from a recent peak of $150 billion in 2021.

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Nissan may have just found its saviour… Toyota?

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Nissan may have just found its saviour… Toyota?

Nissan is on the brink of collapsing. After the Honda deal fell through, it looks like another Japanese automaker is tossing it a lifeline. As Nissan struggles to stay afloat, Toyota is emerging as a potential “backer” in a new tie-up.

Are Toyota and Nissan partnering?

“If we don’t take action now, the situation will only get worse,” Nissan’s President, Ivan Espinosa, said during a press conference on May 13.

Facing falling sales, ballooning debt, and slumping profits, Nissan introduced a new recovery plan last week, “Re:Nissan.” The struggling automaker aims to cut costs by 250 billion yen to return to profitability by FY 2026.

As part of its efforts to turn the business around, Nissan will cut 20,000 jobs by FY2027. It’s also abandoning plans to build a new EV battery facility in Japan. Seven other plants will be closed, including one in Thailand and two in Japan.

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After its planned EV merger with Honda fell through in February, rumours surfaced that Nissan was scrambling to find another partner.

Nissan-Toyota-partnership
(Source: Nissan)

According to a new report from Japan’s MainiChi, a Toyota executive recently reached out to Nissan about a potential partnership. The tie-up could involve Toyota acting as Nissan’s “backer” to support it while it restructures.

Nissan and Toyota both unveiled a wave of new electric vehicles set to roll out over the next few years. The upgraded Nissan LEAF EV will arrive in the US and Canada later this year with more range, an NACS port, and a new crossover style. It will be one of ten new Nissan or Infiniti models to arrive by 2027.

Nissan-Toyota-partnership
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

In Europe, Nissan will launch the next-gen LEAF later this year, followed by the new Micra EV and Qashqai electric crossover. In 2026, the new Nissan Juke EV will join the lineup.

Nissan-Toyota-EV-partnership
Nissan’s lineup for Europe. From left to right: The new Nissan Qashqai, LEAF, and Micra EV (Source: Nissan)

Meanwhile, Toyota’s upgraded bZ electric SUV (formerly the “bZ4X”) will arrive at US dealerships in the second half of 2025.

In 2026, the smaller C-HR electric SUV and rugged bZ Woodland EV will follow. By the end of the year, Europe will see three new Toyota electric SUVs: the C-HR+, Urban Cruiser, and upgraded bZ4X.

Electrek’s Take

Toyota already has a stake in several Japanese automakers, including Subaru (20%), Mazda (5.1%), Suzuki (4.6%), and Isuzu (5.9%), so backing Nissan wouldn’t come as a shock.

Espinosa said Nissan was open to new partnerships. Nissan’s chief said the company will continue collaborating with others, including Mitsubishi, which will use the upcoming LEAF as the basis for its new EV for North America.

Japanese carmakers have been notoriously slow in shifting to all-electric vehicles, which is now costing them in key overseas markets like Southeast Asia, Central and South America, and others.

Chinese EV leaders, like BYD, are quickly expanding overseas to drive growth this year. Next year, it will launch its first kei car (see the first spy shots), or mini EV, which is already being called “a huge threat” to Japan.

Pooling resources and teaming up may be the best (or only) option at this point. Can Toyota help Nissan turn things around? Or will it be too little, too late? Let us know your thoughts in the comments.

Check back soon for details. This is a developing story. We’ll keep you updated with the latest.

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