(Bloomberg) -- When Chinese electric-vehicle maker Zeekr lists in the US on Friday, it will be at a valuation of around $5.2 billion, less than half the $13 billion valuation announced following a funding round early last year.Most Read from BloombergBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVElon Musk Changes Tune on Tesla Superchargers After Mass FiringNovavax
Li Auto Inc. Sponsored ADR (LI) closed at $27.30 in the latest trading session, marking a +1% move from the prior day.
Li Auto, startup challenging Tesla and BYD in China, reported strong initial orders for the new L6 SUV.