Geely-owned electric vehicle brand Zeekr has introduced a platform for evaluating second-hand new energy vehicles (NEVs).
The brand’s new development is remarkable as it can test and price pre-owned cars. It is even more relevant now that the market for used EVs is experiencing rapid expansion.
Zeekr Certified, which debuted on March 6, has 360 testing standards for electric cars. According to the company, it can appraise the value of second-hand vehicles based on the test results and the market situation.
Notably, its headquarters are in Ningbo, located in the eastern Zhejiang province.
The pre-owned NEV market is soaring
The market for used NEVs in China is experiencing significant growth. According to data compiled by Ttpai, online transactions involving pre-owned electric vehicles more than doubled the previous month. It went up by 180 percent from January.
For context, Ttpai is a platform that facilitates the buying and selling of used automobiles.
However, electric vehicle prices are subject to significant changes, which causes owners to worry about whether or not their vehicles will maintain their value.
Users can check the transaction value of their vehicles at any time on the Zeekr app, thanks to the online appraisal tool that Zeekr offers.
According to Yicai Global, Zeekr Vice President Zhao Yuhui said that the company did not launch the program to turn a profit but rather to increase customer satisfaction.
China’s NEV registrations increased by 67%
Tesla, an EV giant in the United States, made a tool for evaluating used cars available many years ago.
Also, in January and November of 2021, respectively, Chinese competitors Nio and Xpeng Motors achieved this feature.
Zeekr was established two years ago, and it currently has two models available for purchase. These models, the Zeekr 001 and the Zeekr 009 range from CNY300,000 (USD43,000) to CNY588,000.
According to the most recent available data from the company, it had delivered 86,519 automobiles as of the previous month.
Currently, 4% of all automobiles on China’s roads are new energy vehicles (NEVs). As of the end of the previous year, 13.1 million electric cars were registered in the country, representing a growth of 67% compared with the year earlier.
See Also:
- Geely’s electric car brand Zeekr seeks over $1 billion in US IPO
- Geely’s Zeekr will launch in Europe with 001 EV in 2023
- Zeekr, a Chinese EV brand, has surpassed Xpeng in value
- Zeekr valuation at $13 billion, as it raised a $750 million in Series A funding
- Swedish automaker Volvo prepares EV blitz in biggest product revamp under Geely
