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Zeekr stock barely flinches after tariff increase in the USA
Chinese automaker Zeekr has recently had a successful IPO, but some investors were worried about the stock crashing in the event that the USA raised the EV import fees. It did, but to hardly any effect.
The company entered the New York Stock Exchange and was able to attract $441,000,000 during the IPO, increasing its total capitalization to $6.8 billion. Zeekr also sold around 21 million depository notes at $18–31.08 each.
When the news came that the United States raised the electric vehicle import tariffs imposed on cars made in China from 25% to 100%, the stock barely reacted and stabilized around $29.04.
It’s important to note that right now, Zeekr has no active plans to expand its market presence to North America.
Editor: Andrew Raspopov
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May 17, 2024
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