it is backed by the way china based geely, and it's debuting here at the nyse you can see $24 to $26etain a more than 50% of the company's voting power, that is after this is completed, the public listing joining us at post nine is zeekr's cfo jing yuan. thank you for being here. >> thank you for having me. >> congrats on the initial public offering. we heard from our reporter in beijing the domestic market in china is a crowded one for ev makers. how do you distinguish zeekr from your competitors? >> sure. of course you look at the big picture, you know, the market over there, it's very, very crowded. but you look at each of the market's price brackets, there's definitely an open in the premium market segment zeekr we've been selling cars mostly priced in 100 to 500 k and competing with the likes of mercedes, audi and lexus if you think about their offering, if you think about their competitive business, think about the products, whether combins the functionality and ev driving experience. >> you talk about the car of the future, your company has, as being not just a simple transpor

is there anything to differentiate them with the price pressure >> geely is an important and interestingy. for western investors, this is a potentially interesting way to get into that chinese market and way to invest in some of the dpr growth over there. the china market is the bright spot for evs despite the challenges if you look at the u.s. market, automakers are looking at a slower adoption of evs than just a few years ago. they were thinking this would go like gang busters. you look at the u.s. customer and they tend to go to hybrid technology which is surprising a lot of people. not surprising toyota or ford who are making that dual bet if you are chasing evs in the u.s., it is not robust china is the place to be if you are going after this technology for a lot of reasons >> a lot of reasons there. i want to turn back to the u.s when it comes to ev adoption, we see enterprise adoption with amazon and rivian and u.p.s. and rival companies. why don't we see more adoption ford sold some to the post office why aren't we seeing more of that with the kch companies as opposed to consumer

zeekr is a premium brand of manufacturer geely, which also owns sweden's volvo cars and the uk's lotusing chinese demand for premium ev models, and has since delivered nearly 200,000 cars, mostly in china. chinese companies have been winning bids to explore oil and gas fields in iraq.since saturday, they have won licenses covering ten sites, while iraqi kurdish company kar group took two. iraq's government is offering licenses for 29 projects aimed at ramping up output for domestic use. although companies from europe were shortlisted, firms from china have been the only foreign players to win bids so far. in the markets, japan's nikkei has started trading for the new week. as you can see, down 0.33%. this is how they are trading at the moment after opening flat to lower. all eyes are on the us inflation data, as we said, and we are also watching the japanese yen. also taking cues from wall street. on friday, us stocks eked out modest gains as investors look to head for crucial inflation data. that is it for business today. see you tomorrow. hello and welcome to sportsday. coming up in

zeekr is a premium brand of manufacturer geely, which also owns sweden's volvo cars and the uk's lotus premium ev models, and has since delivered nearly 200,000 cars, mostly in china. chinese companies have been winning bids to explore oil and gas fields in iraq. since saturday, they have won licenses covering ten sites, while iraqi kurdish company kar group took two. iraq's government is offering licenses for 29 projects aimed at ramping up output for domestic use. although companies from europe were shortlisted, firms from china have been the only foreign players to win bids so far. in the markets, us stocks eked out modest gains on friday and as investors looked ahead to crucial inflation data next week. the s&p 500 and the dow were modestly higher and the nasdaq ended essentially unchanged. analysts expect the crucial inflation report to show an underlying "core" price of 3.6% year—on—year, which would be the coolest reading in over three years. and that's it for this edition of business today. thanks for watching. hello, and welcome to sportsday — i'm hugh ferris. here's what's co

geely automobile is the parent company in the listing buying in $349 million in stock.eekr is a three-year old start up and in the first four months, out performing xpeng and ni. i'm emily tan. back to you. >> the ceo of zeekr will come your way at 4:30 cet we will hear from daniel li at 16:30 cet. >>> over to the gaming sector. roblox shares slumped in the last two years as concerns grow over a continued slump in the video game industry. the gaming platform expects bookings to be between $4 billion and $4.1 panhbillion. >>> dropbox posted a beat on the top and bottom line with the revenue at $631 million. the cloud storage business reported adjusted earnings per share which beat ce50 cents a share. >>> markets are higher for the day. green across the boards. take a look at the ftse 100 and ftse mib the swiss index is the leader. dax is hitting a new report high a strong day across europe u.s. futures are also higher that's it for today's show i'm frank holland. "worldwide exchange" is coming up next. >>> it is 5:00 a.m. here at cnbc global headquarters and 10:00 a.m. i

this is a high end electric car brand under the geely group.t is the largest listing by a chinese base company in the united states since 2021. you can see it with a market cap of almost $7 billion. stick with us. more "bloomberg real yield" ahead. this is bloomberg. ♪ even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. >> i'm sonali basak. this is "bloomberg real yield." it is time for the auction block. global companies are seizing on strong demand and lack of clarity around fundin

also interesting, a spin out from geely. the company has 32 billion dollars. big deal that signals that could be not just an opening of the ipo markets for u.s. companies and investors, but also possibly chinese based companies. >> even with the issues with the biden administration, viking even with a tough week of trading is above its ipo price. what is interesting here, a chinese based company listing in the united states. what does it say about investor demand for ev's at a time where we have been talking so much about the difficulties in that industry? >> it is a little bit overblown honestly. it is not growing at 50% or 80% like a couple of years ago, but still 5%, 10%, 15% in the u.s.. all of the chinese automakers, there are plenty of growth for them to get in the chinese market in southeast asia, south america and mexico. in europe for that matter. u.s. ev makers are not really capitalizing on it just yet. even some of their competitors are not really up to speed. if you are looking for a growth story, chinese ev makers have a leg up in terms of develo

that's right, the crossover is based on the de-styled geely coolray. without frills, everything is quite simple. seats are adjustable wide range, the same applies to the steering wheel: the red and black trim adds sporty features to the interior, but i’ll criticize the visibility: the a-pillars are too wide, and the wiper... on the driver’s side leaves a large uncleaned area in the list of equipment : climate control, all-round visibility system built-in video recorder. the technical x50 is a non-standard car, take the engine for example, it is three-cylinder, with a displacement of one and a half liters. the engine was developed jointly with volvo engineers; due to the turbocharger , the unit develops 150 horsepower and 255 lbs of torque. therefore, the dynamics are vigorous. start. from zero to hundreds takes 8.4 seconds, a rare temperament for this crossover segment, however, with assertive driving, fuel consumption reaches an immodest 10 liters per 100 km. by the way, despite the odd number of cylinders, the engine runs smoothly and the cabin is qu

china ev giant geely which backs zeekr will have 50% of the company voting power after the company ipos.e.c. is taking a closer look at statements made by boeing about the safety practices following the mid-air door blowout this year the probe is focusing if comments made by boeing or executives misled investors. s.e.c. reviews don't always lead to enforcement actions by the regulator, but they can lead to fines for companies or corporate officials. no comment from the s.e.c. or boeing. >>> target is planning to cut lgbtq merchandise from the stores during pride month this june according to bloomberg, the move comes after backlash hit sales of the retailer last year over similar issues the report adds the company still plans to offer assortment of merchandise online, but it is still reviewing which locations will carry which products, frank. >> silvana, thank you very much. have a great weekend >>> coming up here on "worldwide exchange," how younger investors are looking to cash in on the pr precious metal and the record run. >>> move over gold, sriracha is preparing for a third year o

geely auto, a little bit of softness is there.t-a-car is seeking a raise up to $600 million in a public u.s. offering. japan closed today, so the msci asia x japan rising at the moment, up about .231%. our new show coming up next. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates, or its employees.

haidi: before we let you go, china obviously provides a wealth of investing ideas, per geely for those a little bolder and might take a chance to do grassroots research. is that a market you would want to have any exposure to or even just intellectual investment into in terms of doing analysis? lloyd: i think for some people, that is absolutely the case. we really try to stick to markets where we have some sort of analytical edge, or markets we know well. china is not one of those. similar to japan, to be honest. two big -- too big, far, the difference in language. annabelle: that is lloyd moffat. we are reaching out to livestock communities for the response on the short. there are six buys and three holds. we are down nearly 30% for the company. more ahead on "daybreak: australia." this is bloomberg. ♪ the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. haidi: takin

the company announced a partnership with geely to make hybrid eveninngines. has signed gasoline development partnership with mercedes-benz and at this stage, renault shares are down by 1.6%. when it comes to this space, all eyes as well on the what the european commission will say in the couple weeks time in imposing tariffs on chinese evs. watch this space. let me take you to the bond yields. they are mostly moving higher at this stage. looking at the benchmark in europe, the ten-year yield of the bund is 2.67%. we have been seeing this part of the market holding at about a six-month high. when it comes to what's happening in the united kingdom, the yield trading at 4.36%. i will tell you about that in more detail in a moment, but one of the dynamics here is not just the economic data, naturally, but also the expectation when it comes to rate cuts. let me show you how u.s. treasuries have fared so far. when it comes to the u.s. market, it is also an important one to monitor, particularly, as we approach the pce release later today. at the moment, we have see

it's backed by, actually luxury offering of geely.gan an upscale sedan. the 00 7, and delivering in the 001 right there. but began delivering in january $30,000, if you could buy it over there, but to buy it here it's like -- twice as much, i think. i guess -- >> tariffs and everything else a huge part. >>> meantime, investigating safety practices on a panel blowout of a boeing flight, alaska airlines early in january. the probe focusing whether boeing misled investors. boeing didn't comment when contacted and s.e.c. says doesn't comment on existence or non-existence of possibly investigations joining us, former s.e.c. joshua mays now a partner at robbins firm what do you think about in the middle of something like this, to disclose certain component parts of this story? and what happened behind the scenes some of what may be alleged. we don't know fully what this investigation entailed, has to do with things that came out of, frankly, a lot of media reports over the month or two after this blowout occurred >> yeah. thanks for having