A New Chinese Electric Vehicle IPO
ZK stock begins trading today on the New York Stock Exchange. While the valuation certainly seems reasonable at first glance, there are a few hidden risks to consider before investing in Zeekr stock. The first is the fact that investors of ZK don't actually have any legal ownership in Zeekr, rather they own shares of a Cayman Islands holding company. Also, while Zeekr's growth is impressive, they are still only selling 5% of the amount of vehicles that BYD is selling. We'd likely opt to invest in the leader which would be BYD.
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The skinny
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