Shulou(Shulou.com)11/24 Report--

CTOnews.com October 31 news, Geely announced on the Hong Kong Stock Exchange this afternoon that the company has submitted a motion to the Hong Kong Stock Exchange in accordance with the 15th application guidelines on the proposed spin-off of ZEEKR Intelligent Technology Holding Limited (Polar Krypton) and its independent listing.

According to the announcement, polar krypton is a non-wholly owned subsidiary of the company, which is mainly engaged in the development and sale of electric vehicles, new energy vehicle batteries and other components and related services under the polar krypton brand. The SEHK has confirmed that the company can carry out the proposed spin-off.

The terms of the proposed spin-off (including the location of the listing, the size of the offering, the price range and the guaranteed quota for the company's shareholders to obtain polar krypton securities) have not yet been determined. The company will issue a further announcement of the proposed spin-off in due course.

In response, extreme Krypton said to the Beijing News Shell Finance, "We will disclose relevant information in a timely manner in accordance with relevant laws and regulations." the polar krypton management team will put business first to ensure the delivery target of 70,000 vehicles for the whole of 2022. The recent turmoil in the capital market will not shake our confidence in the new energy market, and short-term fluctuations in the market will not have an impact on the company's medium-and long-term development. "

CTOnews.com has learned that the polar krypton brand, Geely's high-end electric car brand, and its first product, polar krypton 001, will be launched in April 2021, and its second model, polar krypton 009, will go on sale at 20:00 on November 1. As of October 1, 2022, polar krypton released the latest monthly delivery data, a total of 8276 polar krypton 001 vehicles were delivered in September, for a total of 45481 units.

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