Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
German Inflation Accelerates to 2.9% in August 
South Korea GDP Surges on Chip and AI Boom 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
China Inflation Accelerates in August as CPI, PPI Rise 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Add as a preferred source on Google
Zeekr’s Australian Market Entry
Chinese electric vehicle (EV) manufacturer Zeekr has officially commenced sales of its first model in Australia, aiming to expand its footprint in the Oceania market. This launch marks the beginning of its ambitious plans for 2024, with a second model also slated for release in New Zealand.
Promising Start with the Zeekr X
Connal Yan, managing director of Zeekr Australia, reported a positive response to their Zeekr X SUV, noting over 2,500 expressions of interest for both the X and the multi-purpose 009 model. This demonstrates the growing consumer demand for innovative EV options in Australia.
The Appeal of the Australian EV Market
Despite being a smaller market globally, with 1.2 million vehicles sold in 2023, Australia presents a lucrative opportunity for Chinese automakers. The absence of a local car manufacturing industry and minimal protectionist policies make it an attractive destination. Moreover, the Australian government has actively promoted electric vehicle adoption since 2022 to achieve its zero emissions targets.
Future Plans and Growth Potential
Zeekr is optimistic about making Oceania one of its largest overseas markets, alongside Southeast Asia and Latin America. With new vehicle efficiency standards set to take effect in 2025, the demand for EVs is expected to rise significantly. Additionally, Zeekr plans to introduce another medium-sized SUV, the 7X, in Australia next year, further solidifying its commitment to this market.
