Florida Senator Scott Questions SEC Over Chinese EV Firm Zeekr’s CCP Ties

Sen. Rick Scott (R-Fla.) is raising concerns about Zeekr, a Chinese electric vehicle maker that recently began trading on the New York Stock Exchange (NYSE).

In a letter dated May 30 to Security Exchange Commission (SEC) Chair Gary Gensler, Mr. Scott said Zeekr’s parent company, Zhejiang Geely Holding Group, has “close ties to the Chinese Communist Party (CCP).”

“I am concerned about the SEC’s process in determining and adequately disclosing the extent of Zeekr’s ties to the Communist China regime,” he wrote.

Shares of Zeekr under the ticker symbol ZK began trading on May 10. According to the U.S.-China Economic and Security Review Commission, 265 Chinese companies were listed on the New York Stock Exchange, NASDAQ, and NYSE American as of Jan. 8.

“The CCP’s ongoing authoritarian control over China’s economy and companies raises significant risks for U.S. investors, which is why this listing is deeply concerning, both to the integrity and strength of U.S. capital markets as well as the protection of American investors,” the letter reads.

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