Geely unit IPO will test geopolitical speed limit


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HONG KONG, Nov 21 (Reuters Breakingviews) - Chinese electric-vehicle maker Zeekr is charging up for a U.S. initial public offering that will test geopolitical speed limits. The company, owned by Geely Automobile (0175.HK), is growing sales at home. But plans to raise some $500 million, per IFR, by going public in New York and to expand abroad are hard to navigate without a thaw in tensions between Beijing, Washington and Brussels. The business looks primed to accelerate in China. Although Zeekr has yet to turn a net profit, revenue more than doubled to 21 billion yuan ($2.9 billion) in the...