In a bold move to challengeElon Musk‘s Tesla Inc. (NASDAQ:TSLA), Chinese electric vehicle (EV) manufacturer, Zeekr (NYSE:ZK), is set to release its first SUV, priced to undercut Tesla’s Model Y in the Chinese market. What Happened: Zeekr announced on Friday that it will launch its first SUV, the Zeekr 7X, in China next month. The new vehicle is priced at 239,900 yuan ($33,829), over $1,400 less than Tesla’s Model Y in China. The company plans to deliver the 7X globally by the end of the year. The Zeekr 7X is equipped with two battery options that allow users to drive between 605 kilometers and…
