Stock Track | ZEEKR Soars 7.42% on Showcasing Autonomous Driving Prowess to Take on Tesla

Stock Track11-18

Shares of premium Chinese electric vehicle maker ZEEKR jumped 7.42% in pre-market trading on Monday, buoyed by the company's demonstration of significant autonomous driving technology advancements at the recent Guangzhou auto show.

At the event, ZEEKR unveiled version 2.0 of its smart driving solution, featuring end-to-end autonomous driving capabilities. The company also announced plans to roll out urban navigation support for its advanced driver assistance systems (ADAS) across China by the end of 2024. These milestones underscore ZEEKR's emergence as a frontrunner in commercializing self-driving solutions for production vehicles.

ZEEKR's progress comes at an opportune time, as Tesla gears up to introduce its highly-anticipated Full Self-Driving (FSD) system in China early next year, pending regulatory approval. With its homegrown autonomous driving tech, ZEEKR is well-positioned to compete against Tesla's offering and seize market share in the world's largest auto market that is rapidly adopting electric and self-driving vehicles.

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