ZEEKR Acquisition, Valuation, Funding & Investors

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 500,000 NEVs in 2024, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.

Founded in 2015, XPeng is a leading Chinese electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold about 430,000 EVs in 2025, accounting for about 3% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.

Rivian is a battery electric vehicle automaker that sells its vehicles in the US and Canada. The company also develops electronic control units and related software for autos in a joint venture with Volkswagen. Rivian has multiple vehicles in its fleet, which include a luxury truck and full-size SUV and a delivery van. The company plans to begin selling a midsize SUV in 2026. Total deliveries were over 42,000 in 2025. Rivian is also developing autonomous driving software to be used in its vehicles.

VinFast Auto Ltd manufactures cars, and motor vehicles, renders leasing activities, trades smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully electric A- through E-segment SUVs. The Company has three reportable segments, namely Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus.

Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC. The company operates in two geographical segments: Mainland China, and Others.

BAIC BluePark New Energy Technology Co Ltd is engaged in the research and development, production, sales, and service of new energy pure electric vehicles and core components. The company operates under the Xiangjie, Jihu, and BEIJING brands, offering a range of models that include the Xiangjie S9, Alpha S Pioneer PRO, Alpha T5, Koala series, and others.

Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it has a presence in China, the USA; Sweden; Germany; the United Kingdom; Japan, and South Korea. The company generates maximum revenue from the sale of new cars.

Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has over 13% market share in the United States, about 10% share in the UK, and just over 1% share in China including Taiwan and unconsolidated affiliates. Sales in the US made up about 65% of 2025 total company revenue. Ford has about 169,000 employees, including about 56,300 UAW employees, and is based in Dearborn, Michigan.

Mitsubishi Motors Corp is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, minivans, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: the automobile business and the automobile financing business. The company derives the vast majority of company revenue from the automotive business.

Rimac Group is a Croatia-headquartered developer of electric vehicle technology, producing the Nevera hypercar with 1,914 horsepower and supplying powertrains to automakers. Founded in 2009 near Zagreb, Rimac partners with Bugatti-Rimac for high-performance EVs and Porsche for platform engineering. The company delivers battery systems, motors, and software for vehicles achieving sub-two-second 0-60 times.

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China’s passenger vehicle market. The company sold about 4.6 million passenger NEVs in 2025, accounting for 30% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business.

Tesla is a vertically integrated battery electric vehicle automaker and developer of real-world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include a midsize sedan and crossover SUV in the entry-level luxury category, a luxury light truck, and a semitruck. Tesla also runs a robotaxi service in four US metropolitan areas. Global deliveries in 2025 were nearly 1.64 million vehicles. Additionally, the company sells batteries for stationary storage for residential and commercial properties, including utilities, solar panels, and solar roofs for energy generation. Tesla also owns a fast-charging network and a US auto insurance business.

Hozon is a Chinese electric vehicle maker, formally Hozon New Energy Automobile, that sells battery electric and extended-range cars under the Neta brand. It was founded in October 2014 by Fang Yunzhou and is registered in Zhejiang with headquarters in Shanghai. Neta reached 152,073 sales in 2022 and exported to Thailand, Malaysia, Indonesia and Brazil. The company raised more than CNY 20 billion from investors including Qihoo 360, CATL, CRRC's fund, Shenzhen Capital and local state investment funds, but sales fell sharply from 2023 and it entered bankruptcy reorganisation. In September 2026 creditors reviewed a plan under which Zhejiang Taiyi Shanglian would invest CNY 3 billion for about 70.6 percent of the business.

Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd is an automobile manufacturing company. It designs, manufactures, and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications, aggregates such as axles and transmissions for commercial vehicles, and factory automation equipment, and provides information technology services. Its operating segments include Automotive and Others. The Automotive segment, which derives key revenue, consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. Geographically, it generates maximum revenue from India, and the rest from the United States of America, United Kingdom, Rest of Europe, China, and the Rest of the World.

GAC Aion is a Guangzhou-headquartered electric vehicle manufacturer established in 2017 as a sub-brand of Guangzhou Automobile Group. The marque produces passenger EVs including the Aion S sedan, Aion LX SUV, and Hyper series performance models while offering battery swapping stations and charging infrastructure services across China.

Tata Motors Ltd is an automobile manufacturer, offering a diverse portfolio of smarter, integrated and safer mobility solutions. It designs, manufactures and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications. Its operating segments consist of: a) Automotive: The Automotive segment consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover and Vehicle Financing. Other operating segments do not meet the quantitative thresholds for disclosure and have been aggregated. b) Others: Others consist of IT services and Insurance Broking services. The majority of revenue is generated from the Tata Commercial Vehicles sub-segment of the Automotive segment.

Tata Passenger Electric Mobility Ltd is a Pune-based subsidiary of Tata Motors manufacturing electric passenger vehicles including the Nexon EV, Tigor EV, and Tiago EV. The company operates a 350-acre facility in Sanand, Gujarat, producing over 100,000 units annually with battery assembly and fast-charging infrastructure. TPEML partners with Tata Power for nationwide charging networks and exports to Europe and Southeast Asia.

Ecopro BM Co Ltd is engaged in the development and production of secondary battery materials like precursors and cathode materials. Its products are used in electric vehicles, electric energy storage systems, uninterruptible power supply, smart grids, and ones for aerospace, medical and military purposes.