Chinese automaker Geely on Monday revealed plans to spin off Zeekr, its premium electric vehicle brand, and looking into a possible initial public offering, as it looks to fund its expansion. Last October, the EV maker began delivering its first production model, the 001 all-electric sedan, with an average selling price of RMB 335,000 ($46,265), and reported deliveries of around 39,500 units for the first nine months of this year. The EV newcomer is currently considering listing venues including the US and Hong Kong, though the exact size and timing of the sale remains unknown, according to a Bloomberg report on Aug. 25. [Caixin, in Chinese]