On May 10, Zeekr’s shares soared almost 35% above their initial public offering price, marking a robust debut for the electric vehicle (EV) manufacturer. This is the first significant U.S. market debut by a China-based company since 2021. Zeekr’s successful U.S. flotation aims to distinguish it from the competition of Chinese EV makers vying for a larger European market share.
Zeekr, a high-end EV brand under Geely, the parent company of Volvo and Lotus, has been gaining attention for its luxury electric sedans and SUVs. The company’s flagship model, the Zeekr 001, boasts features like rapid acceleration, advanced driving assistance systems, and a fast-charging battery, making it a strong contender in the premium segment.
High Stakes: Chinese EV Giants Eye Premium Market to Navigate US Tariffs
US Tariffs and Market Strategy
In the past year, Chinese electric car manufacturers have shifted their focus from producing small, inexpensive vehicles to targeting the premium market. This transition coincides with a new 100% import duty imposed by the US on Chinese EVs, posing a significant challenge as these companies begin their global expansion with high-end cars.
Zeekr’s debut comes as the Biden administration plans to increase tariffs on Chinese vehicle imports.
ZEEKR’s CEO, Conghui “Andy” An, has said that,
“ZEEKR plans to enter six European countries in 2024, including Germany, Sweden, and the Netherlands, and is targeting another 38 markets across Southeast Asia and the Middle East.”
Consequently, some companies might halt US expansion plans due to increased costs, while others may establish production facilities in Mexico to bypass tariffs.
Zeekr’s Strategic Leap: Strong IPO and Global Ambitions Amid EV Competition
CATL Partnership
A key factor behind Zeekr’s appeal is its cutting-edge technology. The company benefits from a close relationship with CATL, China’s largest battery manufacturer, providing early access to the latest battery advancements. This partnership ensures that Zeekr vehicles have a competitive range and performance, crucial for success in the high-end market.
Expansion Plans Beyond China
Zeekr was established to meet the growing demand for premium models in China. While the high-end EV brand has seen strong sales growth at home, the company now aims to expand internationally. The US debut marks a key step in Zeekr’s strategy to capture a share of the lucrative North American EV market. This entry coincides with rising consumer demand for electric vehicles, driven by growing environmental awareness and supportive government policies.
Intense competition in China among domestic EV makers and with Tesla has squeezed profits, pushing companies to explore international markets.
As highlighted by Zeekr, the IPO debut achieved a fully diluted valuation of $6.8 billion, about half of the $13 billion valuation from a funding round last year.
In the competitive market, Chinese automakers like BYD, SAIC, and Great Wall Motor are also targeting Europe. They are launching electric models to compete with established European manufacturers. This is why Chinese EV sales in Europe have grown significantly in recent years.
source: Stock analysis
Zeekr’s Stock Soars: Stellar Market Performance Amidst EV Boom
Latest market reports state that Zeekr’s shares peaked at $29.36 after opening at $26, well above the IPO price of $21, closing at $28.26, up 34.6%.
In 2023, Zeekr Intelligent Technology Holding achieved impressive financial results. Here are the key highlights:
Annual Revenue:
- Zeekr’s annual revenue in 2023 reached $7.29 billion.
- This represents a remarkable 59.24% growth compared to the previous year.
source: Stock Analysis
Quarterly Performance:
- For the quarter ending December 31, 2023, Zeekr reported revenue of $2.31 billion.
- The year-over-year growth rate for this quarter was an impressive 75.69%.
EV Sales:
Zeekrs is renowned for focusing on electric mobility. By the end of 2023, Zeekr had delivered over 100,000 electric vehicles. The brand unveiled its third model, the Zeekr X, and began delivering vehicles to users in Europe.
Significantly, this year Zeekr aims to 2x its annual sales with a target of over 200,000 units.

Zeekr has outpaced its competitors in deliveries since the beginning of the year. By April 30, Zeekr delivered 49,148 vehicles, surpassing Xpeng’s 31,214 units and Nio’s 45,673 cars during the same period.
The company’s IPO comes amid rising geopolitical tensions between the U.S. and China, involving trade, intellectual property, Taiwan, and China’s stance on the Russia-Ukraine war.
In April Zeekr witnessed a remarkable achievement by surpassing Tesla in car sales.
This strongly indicated potential competition for the American EV giant. The achievement further highlights Zeekr’s strong domestic presence and its ability to challenge established industry leaders.
On this stellar performance, Zeekr CEO Andy An commented:
“Our sales gap with Tesla keeps on narrowing,”
Despite the impressive sales performance, Zeekr faces fierce competition from Tesla and others in the EV market, amid geopolitical tensions and trade uncertainties. Yet, its focus on luxury features, innovative tech, and a successful IPO signals optimism and strong investor interest amidst broader market losses.
The company said in its SEC filing:
“Through developing and offering next-generation premium BEVs and technology-driven solutions, we aspire to lead the electrification, intelligentization, and innovation of the automobile industry.”
Looking forward, Zeekr’s ~ 35% surge in its US market debut marks a promising start for the Chinese EV maker. Zeekr is committed to delivering high-quality, technologically advanced EVs as it navigates the competitive landscape and expands its international footprint Investors and consumers alike will be watching closely to see how Zeekr leverages this momentum in the coming months.
- FURTHER READING: Tesla Profits Dip But Carbon Credits Revenue Up, 38% of Net Income
The post Chinese EV Maker, Zeekr’s Shares Skyrocket 35% in Blockbuster US Market Debut appeared first on Carbon Credits.
Carbon Footprint
Climate Impact Partners Unveils High-Quality Carbon Credits from Sabah Rainforest in Malaysia
The voluntary carbon market is changing. Buyers are no longer focused only on large volumes of cheap credits. Instead, they want projects with strong science, long-term monitoring, and clear proof that carbon has truly been removed from the atmosphere. That shift is drawing more attention to high-integrity, nature-based projects.
One project now gaining that spotlight is the Sabah INFAPRO rainforest rehabilitation project in Malaysia. Climate Impact Partners announced that the project is now issuing verified carbon removal credits, opening access to one of the highest-quality nature-based removals currently available in the global market.
Restoring One of the World’s Richest Rainforest Ecosystems
The project is located in Sabah, Malaysia, on the island of Borneo. This region is home to tropical dipterocarp rainforest, one of the richest forest ecosystems on Earth. These forests store huge amounts of carbon and support extraordinary biodiversity. Some dipterocarp trees can grow up to 70 meters tall, creating habitat for orangutans, pygmy elephants, gibbons, sun bears, and the critically endangered Sumatran rhino.
However, the forest within the INFAPRO project area was not intact. In the 1980s, selective logging removed many of the most valuable tree species, especially large dipterocarps. That caused serious ecological damage. Once the key mother trees were gone, natural regeneration became much harder. Young seedlings also had to compete with dense vines and shrubs, which slowed the forest’s recovery.
To repair that damage, the INFAPRO project was launched in the Ulu-Segama forestry management unit in eastern Sabah.
- The project has restored more than 25,000 hectares of logged-over rainforest.
- It was developed by Face the Future in cooperation with Yayasan Sabah, while Climate Impact Partners has supported the project and helped bring its credits to market.
Why Sabah’s Carbon Removals are Attracting Attention
What makes Sabah INFAPRO different is not only the size of the restoration effort. It is also the way the project measured carbon gains.

Many forest carbon projects issue credits in annual vintages based on year-by-year growth estimates. Sabah INFAPRO followed a different path. It used a landscape-scale monitoring system and waited until the forest moved through its strongest natural growth period before issuing removal credits.
- This approach gives the credits more weight. Rather than relying mainly on short-term annual estimates, the project measured carbon sequestration over a longer period. That helps show that the forest delivered real, sustained, and measurable carbon removal.
The scientific backing is also unusually strong. Since 2007, the project has maintained nearly 400 permanent monitoring plots. These plots have allowed researchers, independent auditors, and technical specialists to observe the full growth cycle of dipterocarp forest recovery. The result is a large body of field data that supports carbon calculations and strengthens confidence in the credits.
In simple terms, buyers are not just being asked to trust a model. They are being shown years of direct forest monitoring across the project landscape.
Strong Ratings Support Market Confidence
Independent assessment has also lifted the project’s profile. BeZero awarded Sabah INFAPRO an A.pre overall rating and an AA score for permanence. That places the project among the highest-rated Improved Forest Management, or IFM, projects in the world.
The rating reflects several important strengths. First, the project has very low exposure to reversal risk. Second, it has a long and stable operating history. Third, its measured carbon gains align well with peer-reviewed ecological research and independent analysis.
These points matter in today’s market. Buyers have become more cautious after years of debate over the quality of some forest carbon credits. As a result, they now look more closely at durability, transparency, and third-party validation. Sabah INFAPRO’s rating helps answer those concerns and makes the project more attractive to companies looking for credible carbon removal.
The project is also registered with Verra’s Verified Carbon Standard under the name INFAPRO Rehabilitation of Logged-over Dipterocarp Forest in Sabah, Malaysia. That adds another level of market recognition and verification.
A Wider Model for Rainforest Recovery
Sabah INFAPRO also shows why high-quality nature-based projects are about more than carbon alone. The restoration effort supports broader ecological recovery in one of the world’s most important rainforest regions.
Climate Impact Partners said it has worked with project partners to restore degraded areas, run local training programs, carry out monthly forest patrols, and distribute seedlings to support rainforest recovery beyond the project boundary. These efforts help strengthen the wider landscape and expand the project’s environmental impact.
That broader value is becoming more important for buyers. Companies increasingly want projects that support biodiversity, ecosystem health, and local engagement, along with carbon removal. Sabah INFAPRO offers that mix, making it a stronger fit for the market’s shift toward higher-integrity credits.

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Carbon Footprint
Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story
Bitcoin’s recent drop below $70,000 reflects more than short-term market pressure. It signals a deeper shift. The world’s largest cryptocurrency is becoming increasingly tied to global energy markets.
For years, Bitcoin has moved mainly on investor sentiment, adoption trends, and regulation. Today, another force is shaping its direction: the cost of energy.
As oil prices rise and electricity markets tighten, Bitcoin is starting to behave less like a tech asset and more like an energy-dependent system. This shift is changing how investors, analysts, and policymakers understand crypto.
A Global Power Consumer: Inside Bitcoin’s Energy Use
Bitcoin depends on mining, a process that uses powerful computers to verify transactions. These machines run continuously and consume large amounts of electricity.
Data from the U.S. Energy Information Administration shows Bitcoin mining used between 67 and 240 terawatt-hours (TWh) of electricity in 2023, with a midpoint estimate of about 120 TWh.

Other estimates place consumption closer to 170 TWh per year in 2025. This accounts for roughly 0.5% of global electricity demand. Recently, as of February 2026, estimates see Bitcoin’s energy use reaching over 200 TWh per year.
That level of energy use is significant. Global electricity demand reached about 27,400 TWh in 2023. Bitcoin’s share may seem small, but it is comparable to the power use of mid-sized countries.
The network also requires steady power. Estimates suggest it draws around 10 gigawatts continuously, similar to several large power plants operating at full capacity. This constant demand makes energy costs central to Bitcoin’s economics.
When Oil Rises, Bitcoin Falls
Bitcoin mining is highly sensitive to electricity prices. Energy is the highest operating cost for miners. When power becomes more expensive, profit margins shrink.
Recent market movements show this link clearly. As oil prices rise and inflation concerns persist, energy costs have increased. At the same time, Bitcoin prices have weakened, falling below the $70,000 level.

This is not a coincidence. Studies show a direct relationship between Bitcoin prices, mining activity, and electricity use. When Bitcoin prices rise, more miners join the network, increasing energy demand. When energy costs rise, less efficient miners may shut down, reducing activity and adding selling pressure.
This creates a feedback loop between crypto and energy markets. Bitcoin is no longer driven only by demand and speculation. It is now influenced by the same forces that affect oil, gas, and power prices.
Cleaner Energy Use Is Growing, but Fossil Fuels Still Matter
Bitcoin’s environmental impact depends on its energy mix. This mix is improving, but it remains uneven.
A 2025 study from the Cambridge Centre for Alternative Finance found that 52.4% of Bitcoin mining now uses sustainable energy. This includes both renewable sources (42.6%) and nuclear power (9.8%). The share has risen significantly from about 37.6% in 2022.
Despite this progress, fossil fuels still account for a large portion of mining energy. Natural gas alone makes up about 38.2%, while coal continues to contribute a smaller share.

This reliance on fossil fuels keeps emissions high. Current estimates suggest Bitcoin produces more than 114 million tons of carbon dioxide each year. That puts it in line with emissions from some industrial sectors.
The shift toward cleaner energy is real, but it is not complete. The pace of change will play a key role in how Bitcoin fits into global climate goals.
Bitcoin’s Climate Debate Intensifies
Bitcoin’s growing energy demand has placed it at the center of ESG discussions. Its impact is often measured through three key areas:
- Total electricity use, which rivals that of entire countries.
- Carbon emissions are estimated at over 100 million tons of CO₂ annually.
- Energy intensity, with a single transaction using large amounts of power.

At the same time, the industry is evolving. Mining companies are adopting more efficient hardware and exploring new energy sources. Some operations use excess renewable power or capture waste energy, such as flare gas from oil fields.
These efforts show progress, but they do not fully address the concerns. The gap between Bitcoin’s energy use and its environmental impact remains a key issue for investors and regulators.
- MUST READ: Bitcoin Price Hits All-Time High Above $126K: ETFs, Market Drivers, and the Future of Digital Gold
Bitcoin Is Becoming Part of the Energy System
Bitcoin mining is now closely integrated with the broader energy system. Operators often choose locations based on access to cheap or excess electricity. This includes areas with strong renewable generation or underused energy resources.
This integration creates both opportunities and challenges. On one hand, mining can support energy systems by using power that might otherwise go to waste. It can also provide flexible demand that helps stabilize grids.
On the other hand, it can increase pressure on local electricity supplies and extend the use of fossil fuels if cleaner options are not available.
In the United States, Bitcoin mining could account for up to 2.3% of total electricity demand in certain scenarios. This highlights how quickly the sector is scaling and how closely it is tied to national energy systems.
Energy Markets Are Now Key to Bitcoin’s Future
Looking ahead, the connection between Bitcoin and energy is expected to grow stronger. The network’s computing power, or hash rate, continues to reach new highs, which typically leads to higher energy use.
Electricity will remain the main cost for miners. This means Bitcoin will continue to respond to changes in energy prices and supply conditions. At the same time, governments are starting to pay closer attention to crypto’s environmental impact, which could shape future regulations.

Some forecasts suggest Bitcoin’s energy use could rise sharply if adoption increases, potentially reaching up to 400 TWh in extreme scenarios. However, cleaner energy systems could reduce the carbon impact over time.
Bitcoin is no longer just a financial asset. It is also a large-scale energy consumer and a growing part of the global power system.
As a result, understanding Bitcoin now requires a broader view. Energy prices, electricity markets, and carbon trends are becoming just as important as market demand and investor sentiment.
The message is clear. As energy markets move, Bitcoin is likely to move with them.
The post Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story appeared first on Carbon Credits.
Carbon Footprint
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The post LEGO’s Virginia Factory Goes Big on Solar as Net-Zero Push Speeds Up appeared first on Carbon Credits.
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