Chinese EV Maker Zeekr Debuts on NYSE

And the expectations of tariffs rising particularly on EVs may be fourfold next week considering our deteriorating economic relationship with China. Is this the worst timed IPO of all time? Yes, if you think about timing, you know we at Zika never try to time the market or trace the the latest trends. I mean, we follow our own strategies. If you think about overall, say for example, overall Chinese EV market, if you read the numbers in first half of April in China, the passenger vehicle market records a new energy vehicle penetration rate of more than 50%. If you look at my pipeline, I’ve introduced my own new Double 11 in the in February this year and earlier this year in 1st of January started the ring by only 77. So my pipeline is also very strong. And if you think about my international expansion strategy, we’ve been starting selling cars to international markets in like since last October and sorry and and in this year we’re going to sell more cars. So. So we need this kind of transparencies brought by AUS listing. All in all we do think is a good time. We’re not considering about short time headwinds. We think in long term and try to get sure trying to make sure that in the long run we make a very, very good business case. Well Sir, as you talk about how you’re expanding to international markets, considering the existing tariffs in place in the United States, the country in which as of today you are now listed and it potential that tariffs go even higher. Are you now listed in a market that you may never actually be able to enter and be competitive in because of those tariffs? Yeah. So we are not entering this this market. We are not just listing the US because we want to, we want to enter into U.S. market. We will get listed in US As mentioned earlier, we’re thinking about all the transparencies being the US listed public company or the pop up or all those quantities that I received and the comfortable I can provide to global regulators that I am a transparent and basically very good global corporate citizen. We think that is actually more important, Mr. Yuan. The reality check. It seems to come in your perspectives here as Zika warns investors that the Chinese government could in fact intervene in its business to further its own regulatory, political and societal goals. Sir, why would AUS citizen ever invest in a Chinese company right now? Yeah. So I was thinking about if you look at the US capital market, it’s continue to be a very big transparency and probably the most liquid capital market in this world. So being a foreign issuer, we want to see if we can tap this type of markets and want to see you know we have access to capital at time of need. Again, it’s more about my strategy, it’s more about long term view rather than short term headwinds. Well, when we consider that long term view, something we consistently hear warned about by the US administration including say the Treasury Secretary, Janet Yellen is industrial over capacity in China that potentially there is going to be too much supply, not enough demand in your domestic market. With the rapid production we are seeing of electric vehicles, is there going to be adequate demand for you? What is your view on that situation? Yeah, so, so, So that is something which actually differentiates us from most of my competitors. If you look at my business model, I actually do contract manufacturing and my contract manufacturer partner, it’s Jelly Group. If you look at Jelly Group as a whole, we produce like what 2.8 million cars last year globally and those production capacities currently obviously most of them are gasoline powered vehicles, but in the future it’s going to transfer into new energy vehicle especially EVs and we leverage on that. We are taking that, right. That’s why, you know, we do think this kind of contract manufacturing regimen actually helps us to solve this over capacity issues if you know any of the regulators have any concern.