Chinese automaker Zeekr $ZK has made waves at the Shanghai Auto Show with the introduction of its first hybrid model, the Zeekr 9X. This luxury SUV showcases advanced technology, including an impressive 800-volt fast charging system. The unveiling of the Zeekr 9X marks a significant step for the brand as it seeks to strengthen its position in the competitive automotive market.

According to a recent statement from Mercedes-Benz Group AG $MBGAF, the company's profits are expected to be significantly lower this year, prompting the automaker to take measures to reduce production costs. In an increasingly competitive landscape and changing market demands, the company aims to improve its profitability.