Chinese EV maker ZEEKR has ambitious plans in Europe over the next several years. The EV maker’s European head, Spiros Fotinos, says ZEEKR wants to be among the top three premium pure EV makers by the end of the decade.
Established by the parent company Zhejiang Geely Holding Group, or simply Geely, in April 2021, ZEEKR is moving quickly to expand its brand name in the premium space.
Shortly after, the brand’s first model, the ZEEKR 001, began rolling off the assembly line that October. Zeekr claims its new 2023 ZEEKR 001 is the longest-cruising EV with over 620 miles (1,032 km) cruising range powered by CATL’s third-generation cell-to-pack “Qiling” batteries.
The Chinese EV startup followed it up by releasing its second electric model, the 009 multi-purpose vehicle (MPV), with three rows of seating and up to 510 miles (822 km) CLTC range.
It was initially believed ZEEKR’s third EV would be called the 003. However, the brand launched its first electric SUV in China last month, calling it the ZEEKR X.
Powered by two electric motors and a 66 kWh battery, the electric SUV delivers up to 422 hp (315 kW) and 400 lb-ft (543 Nm) of torque for a range upwards of 348 miles (560 km).
ZEEKR says it will begin delivering X models in China in June, followed by Europe and other Asian markets outside China.
According to ZEEKR’s Europe CEO, the brand aims to expand into the region as a top pure EV player.
We want to be one of the top three premium pure-EV players by the end of the decade. That’s our ambition.
According to Fotinos, the EV startup will accomplish this through “product and customer experience,” offering a “one-stop-shop” approach for EV customers, including charging, financing, insurance, maintenance packages, and more to make it easy for buyers to go electric.
When asked who the “top three will be Tesla, Zeekr – and who else?” Fortinos replied, “Tesla will probably be there,” but seemed more concerned with German premium brands. He added:
The German premiums occupy around 60 to 75 percent of the market, so if you cannot conquest from there, you are not going to grow very much.
ZEEKR has several advantages over other EV startups with backing and manufacturing support from Geely. On top of this, the company was “born pure EV,” so it doesn’t have to spend time and resources transitioning over. Geely also owns Volvo and Polestar, which are both accelerating EV sales in Europe.
Fotinos says the brand will begin its European campaign in the Netherlands and Sweden, rapidly expanding in the rest of Western Europe through 2026.
Although ZEEKR hasn’t yet certified its specs, he expects the 001 to have around 373 miles (600 km) range and the X around 273 miles (440 km) in Europe, with fast charging abilities from 10% to 80% in 30 minutes.
Electrek’s Take
Can ZEEKR become a top three premium EV maker in Europe? As Fotinos said, they will first have to win over the German premium customers, but it may not be an impossible task.
China’s leading EV maker, BYD, surpassed Volkswagen to become China’s best-selling brand as demand for zero-emission electric continues climbing.
Perhaps, more importantly, new information from the German statistics office shows the number of EVs shipped to Germany from China tripled over the last year. Over 28% of Germany’s EV imports in the first three months were from China, compared with just 7.8% last year.
Buyers are beginning to look past the brand name for the latest tech and software. What do you guys think? Does ZEEKR have a place in the premium EV market? Let us know in the comments.
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The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.
Danielle DeVries | CNBC
Power companies that are most exposed to the tech sector’s data center boom plunged early Monday, as the debut of China’s DeepSeek open source AI laboratory led investors to question how much energy artificial intelligence applications will actually consume.
Constellation, Vistra and GE Vernova have led the S&P 500 this year as investors speculated that AI data centers will boost demand for enormous amounts of electricity.
But DeepSeek has developed a model that it claims is cheaper and more efficient than U.S competitors, raising doubts about the vast sums of money the tech sector is pouring in to data centers.
The tech companies have anticipated needing so much electricity to supply data centers that they have increasingly looked to nuclear power as a source of reliable, carbon-free energy.
Constellation, for example, has signed a power agreement with Microsoft to restart the Three Mile Island nuclear plant outside Harrisburg, Pennsylvania. Talen is powering an Amazon data center with electricity from the nearby Susquehanna nuclear plant.
Vistra has not inked a data center deal yet, though investors see promise in its nuclear and natural gas assets. GE Vernova has soared this year as the market believes its gas and electric grid businesses will benefit from AI demand.
This is a developing story. Please check back for updates.
Executives from TravelCenters America (TA) and BP were joined by local elected officials at a ribbon cutting for the two companies’ first DC fast charging hub on I-95 in Jacksonville, Florida – the first of several such EV charging stations to come online.
Frequent road-trippers are no doubt familiar with TA’s red, white, and blue logo and probably think of the sites as safe, convenient stops in otherwise unfamiliar surroundings. The company hopes those positive associations will carry over as its customers continue to switch from gas to electric at a record pace in 2025 and beyond.
“Today marks a significant milestone in our journey to bring new forms of energy to our customers as we support their changing mobility needs, while leveraging the best of bp and TA,” explains Debi Boffa, CEO of TravelCenters of America. Boffa, however, was quick to – but TA is quick to point out that TA isn’ no’t leaving its ICE customers behind. “While this is significant, to our loyal customers and guests, rest assured TA will continue to provide the same safe and reliable fueling options it has offered for over 50 years, regardless of the type of fuel.”
The charging hub along the I-95 offers 12 DC fast charging ports offering up to 400kW of power for lickety-quick charging. While they’re at the TA, EV drivers can visit restrooms, shop at TA’s convenience store, or eat at fast food chains like Popeyes and Subway. Other TA centers offer wifi and pet-friendly amenities as well – making them ideal partners for BP as the two companies builds out their charging networks.
“As we expand our EV charging network in the US, I am thrilled to unveil our first of many hubs at TA locations,” offers Sujay Sharma, CEO of BP Pulse Americas. “These sites are strategically located across key highway corridors that provide our customers with en route charging when and where they need it most, while offering convenient amenities, like restaurants and restrooms.”
The new e2500-THL and TS electric Ultra Buggies from Toro offer construction and demo crews a carrying capacity of 2500 lbs. (on the TS model), six-and-a-half foot dump height (on the THL), nearly 13 cubic ft. of capacity, and hours of quiet, fume-free operation.
For their open-mindedness, those crews will be rewarded with machines powered by 7 kWh’s worth of Toro HyperCell lithium-ion battery. That’s good enough for up to eight hours of continuous operation, according to Toro – enough for two typical working shifts.
And, thanks to the Toro Ultra Buggies’ narrow, 31.5″ width, they can easily navigate man doors on inside jobs, as well, making them ideal for indoor demolition and construction jobs. A zero-turn radius and auto-return dump mechanism that ensures the tub automatically returns to the proper resting position make things easy for the operator, too.
Toro says that each of its small (for Toro) e2500 Ultra Buggy units can replace as many as five wheelbarrows on a given job site. Pricing is expected to start at about $32,000.