Fangda acted as PRC legal counsel to the underwriters of ZEEKR Intelligent Technology Holding Limited (“ZEEKR”) on its successful listing on the New York Stock Exchange in the U.S. (stock code: ZK), making it the fastest EV company to complete an IPO. Fangda advised on and provided the legal opinion for all PRC legal matters related to the listing. ZEEKR issued 21 million American Depositary Receipts, raising about US$ 441 million (assuming no over-allotment option is exercised), making it the largest IPO for China concept stocks during the past about 36 months in terms of the size of the raised capital.

ZEEKR is a luxury EV brand from the Geely Group. Through developing and offering next-generation premium BEVs and technology-driven solutions, ZEEKR aspires to lead the electrification, intelligentization and innovation of the automobile industry. ZEEKR strategically spearheaded the premium intelligent BEV market with unique positioning, featuring strong sense of technology, in-house R&D capabilities, stylish design, high caliber performance and premium user experience. ZEEKR’s current product portfolio primarily includes ZEEKR 001, ZEEKR 001 FR, ZEEKR 009, ZEEKR X and an upscale sedan model.

The team advising on this transaction was led by partners Jeffery Ding, Wang Mengjie, Brian Liu and Wei Jianbo, and team members included Cassie Chang, Jichao Chang, Siling Wu, Fan Fan, Helga Chen, Dora Li, Janice Chen and Jasper Gao, etc.  Sherman Deng supported this transaction, providing legal advice on data compliance and cybersecurity. Data compliance team members included Allison Zhang.