Chinese electric vehicle maker Zeekr is looking to raise at least $1 billion at a valuation of more than $10 billion in a US initial public offering and last week confidentially filed its IPO paperwork with the US security regulators, according to a Monday report from Reuters. A premium EV brand from Chinese auto major Geely, Zeekr turned to New York over Hong Kong in the belief that the US market would see it fetch a higher valuation, sources told Reuters. The planned stock market listing could happen as early as the second quarter of next year and become the first major one by a Chinese entity overseas since Beijing tightened rules for domestic companies listing abroad last July. [Reuters]