CHINA’S Zeekr, Geely Automobile’s electric vehicle (EV) brand, will launch its first luxury sports car to be priced above 1 million yuan (US$140,000).

A source said that the company plans to launch the Zeekr 001 FR sports car within weeks and aims to deliver the first batch of cars this year.

While Chinese EV makers have ramped up efforts in developing more cost-efficient cars, some of them are also moving upscale to the top segment of high-performance EVs to seek higher margins. (SD-Agencies)