Zeekr Stock Forecast: Can ZK Shine Despite China's EV Slump?

Earlier this month, Chinese electric vehicle (EV) company Zeekr Intelligent Technology Holding (ZK) went public in the U.S. in an upsized IPO. It was the first major Chinese EV company to list in the U.S. after the 2020 euphoria, when both Li Auto (LI) and Xpeng Motors (XPEV) went public in quick succession. It was also the biggest U.S. IPO by a Chinese company since ride-hailing app Didi's ill-fated 2021 listing. 

Zeekr opted for a traditional IPO instead of a special purpose acquisition company (SPAC) merger, which has been the preferred route for green energy companies.