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Jikrypton, a local new energy car company in Ningbo, Zhejiang, listed on the New York Stock Exchange under the symbol "ZK", setting a record for the fastest IPO, showing the rapid growth potential of the new energy vehicle industry.
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Zhejiang Ningbo New Energy car company Polar Krypton listed on the New York Stock Exchange under the symbol "ZK", setting a new record for the fastest IPO in the world. On May 10, Jikrypton, a local new energy car company in Ningbo, was officially listed on the New York Stock Exchange under the symbol "ZK". It takes only 37 months from its establishment to listing, polar krypton refresh.Swordofdestiny2016It has set a record for the speed of the global new energy vehicle brand IPO, making it the largest IPO for Chinese stocks in the United States in the past three years, and it is also the only vehicle company and new energy vehicle company listed in Ningbo. As a part of Geely holding Group, Polar Krypton is headquartered in Ningbo, Zhejiang Province. An Conghui, CEO of extreme Krypton Intelligent Technology, said that the company will deeply cultivate the Zhejiang market and promote the development of the new energy automobile industry in Zhejiang Province. As the industry with the longest industrial chain and the greatest benefit, the automobile manufacturing industry can promote the development of upstream and downstream industrial chains such as high-end parts and automotive electronics, which is of great significance to the promotion of regional industrial chain and value chain. As an important city of automobile industry, Ningbo has more than 5000 industrial chain related enterprises, which is making great efforts to build a city of new energy vehicles. Although there is still a gap between the output of new energy vehicles last year and the top 10 cities in China, with the rise of local new energy vehicle companies, Ningbo is expected to stand out in a new round of new energy vehicle city competition. The relationship between extreme krypton and Ningbo can be traced back to 1999 when Geely settled in Ningbo. In March 2021, Geely Holdings announced the establishment of its new intelligent pure electricity brand "Polar Krypton". In the same year, the global headquarters of polar krypton settled in Ningbo. The gross profit margin of polar krypton vehicle is increasing year by year, which is higher than the industry average in 2023. An Conghui said that polar krypton is expected to become the fourth profitable new energy car company in the world. Zeng Gang, dean of the Institute of Urban Development at East China normal University, believes that the development strategies of car companies such as Polar Krypton and Geely reflect Zhejiang's reality-oriented business culture. This trait also makesSwordofdestiny2016He is optimistic about the future development of Ningbo new energy vehicle industry. Ningbo new energy vehicle industry mainly relies on polar krypton, but its production capacity is still in the stage of rapid increase in market share, and the scale effect has not yet appeared. The Ningbo municipal government plans to cultivate more than 10 new energy vehicle brands by 2025, and the output of new energy vehicles will exceed 700000, accounting for more than 50% of the city's automobile output, accounting for more than 50% of the province's new energy vehicle output, and accounting for more than 5% of the country's total. In the process of expanding the production of new energy vehicles in Zhejiang, Ningbo is not alone. The newly released pure electric MPV pole krypton 009 is one of the achievements of the industrial linkage in Hangzhou and Ningbo. This car is manufactured in Ningbo Qianwan New area, many parts on the production line come from Hangzhou enterprises, and the cloud service of vehicle data is also based on Aliyun. Hangzhou and Ningbo, one has the advantage of digital economy, the other has the advantage of manufacturing, and the misplaced coordination of "Gemini" has helped to accelerate the development of new energy automobile industry in Zhejiang province. The five landmark industrial chains in Hangzhou and Ningbo, including energy conservation and new energy vehicles, have taken shape, and the output of new energy vehicles in the two cities has accounted for more than 30% of the province's output. Zeng Gang said that Ningbo has a lot of interaction with Shanghai in the foreign cooperation of the Yangtze River Delta. For example, many Ningbo auto parts companies are upstream suppliers of brands such as Shanghai BYD (002594), and have built a number of innovation enclaves in Shanghai. He believes that as an important part of the development base of Zhejiang new energy vehicle industry, Hangzhou and Ningbo should increase the intensity of collaborative innovation to promote the development of the province's new energy vehicle industry chain to a higher quality. At the provincial level, Zhejiang can take more overall actions to design and build more industrial collaborative platforms from the top level, so that Hangzhou and Ningbo can play a leading role through industrial cluster cooperation. to enhance the overall level and competitiveness of high-end manufacturing such as new energy vehicles in Zhejiang.
