Stock Track | Zeekr Soars Over 5% in Pre-Market on Autonomous Driving Technology Progress

Stock Track11-18

Zeekr, the premium electric vehicle brand of Geely Automobile Holdings Ltd., saw its stock surge over 5% in pre-market trading on Monday. The rally appears to be driven by the company's advancements in autonomous driving and artificial intelligence (AI) technology showcased at the Guangzhou auto show last week.

At the event, Zeekr unveiled version 2.0 of its smart driving solution, which includes end-to-end autonomous driving technology. The company also announced plans to roll out urban navigation capabilities for its advanced driver assistance systems (ADAS) across China by the end of the year.

Zeekr's progress in self-driving technology is seen as a positive development, as it positions the company as a frontrunner in the race to commercialize autonomous driving solutions. With Tesla's Full Self-Driving (FSD) system expected to enter the Chinese market in early 2024, pending regulatory approval, Zeekr's advancements in this field could help it compete more effectively against the industry leader.

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