Chinas Zeekr to launch first electric SUV, priced to undercut Teslas Model Y [Video]

Electric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400.

The Zeekr 7X, priced at 239,900 yuan ($33, 829), is the Chinese EV maker’s first midsize electric SUV and will be launched on Sept. 20.

It’s the latest Chinese EV to take on Tesla’s Model Y, which has also been challenged by Xpeng and Nio. Zeekr plans to deliver the 7X globally by the end of this year. It said the launch was targeted at global markets but did not specify the regions.

The five-seater Zeekr 7X SUV comes with two battery options that allow users to drive between 605 kilometers and 780 kilometers (about 376 to 485 miles) on a single charge. Developed by Zeekr’s engineers, the lithium-ion phosphate batteries take …