(Yicai Global) March 8 -- Zeekr Intelligent Technology, the electric vehicle subsidiary of Chinese car giant Geely Automobile Holdings, has released a second-hand new energy vehicle evaluation platform, that can test and price used autos, as the second-hand market for EVs booms.

Zeekr Certified, which launched March 6, has 360 testing standards for electric cars, and, based on the test results and the market situation, can appraise the value of second-hand vehicles, the Ningbo, eastern Zhejiang province-based company said.

China’s second-hand NEV market has been surging. Online sales of used electric cars more than doubled last month from a year earlier, and soared 180 percent from January, according to statistics from second-hand auto trading platform Ttpai.

But EV prices can fluctuate greatly, so owners are anxious about whether their cars can hold their value. Zeekr’s online appraisal tool enables users to check their vehicles’ transaction value at any time on the Zeekr App.

Zeekr has introduced the program not to profit but to make consumers more satisfied, Vice President Zhao Yuhui told Yicai Global.

It is not the first carmaker to do so. US electric vehicle giant Tesla released a used vehicle evaluation tool many years ago. And Chinese rivals Nio and Xpeng Motors did so in January and November 2021, respectively.

Zeekr, which was set up two years ago, currently has two models on the market, the Zeekr 001 and Zeekr 009, which are priced between CNY300,000 (USD43,000) and CNY588,000. The firm had delivered 86,519 vehicles as of last month, according to company data.

NEVs now account for 4 percent of all autos on the roads in China. There were 13.1 million registered electric cars in the country as of the end of last year, a jump of 67 percent from a year ago.

Editors: Dou Shicong, Kim Taylor