ZEEKR Intelligent Technology Holding Limited American Depositary Shares (each representing ten (10) Ordinary Shares) - ZK STOCK NEWS

ZEEKR (NYSE: ZK) announced strategic integration transactions with several Geely entities. The key transactions include: (1) Acquisition of a 50% stake in LYNK & CO for RMB9 billion through its subsidiary Zhejiang ZEEKR, purchasing 20% from Geely Holding (RMB3.6B) and 30% from Volvo Cars China (RMB5.4B); (2) A capital injection of RMB367.3M into LYNK & CO, which will result in ZEEKR owning 51% and Ningbo Geely 49%. Additionally, Geely Auto will increase its stake in ZEEKR to 62.8% through a separate share purchase worth US$806.1M.

ZEEKR reported strong Q3 2024 results with vehicle deliveries reaching 55,003 units, up 51% year-over-year. Total revenues increased 30.7% YoY to RMB18.4 billion, while vehicle sales grew 42% YoY to RMB14.4 billion. The company's vehicle margin was 15.7%, compared to 18.1% in Q3 2023 and 14.2% in Q2 2024. Net loss decreased 21.7% YoY to RMB1.1 billion. In October 2024, ZEEKR delivered 25,049 vehicles, a 92% increase from October 2023, and launched the new ZEEKR MIX model built on the SEA-M architecture.

ZEEKR reported strong delivery performance in October 2024, with 25,049 vehicles delivered, marking a 92% year-over-year increase. Year-to-date deliveries reached 167,922 vehicles, showing 82% growth compared to the same period last year. The company's cumulative deliveries totaled 364,555 units.

On October 23, ZEEKR launched the ZEEKR MIX, a five-seat family vehicle built on the SEA-M architecture. The model features 93% in-cabin space utilization, 270-degree swiveling front seats, and double sliding doors with a 1.48-meter-wide entrance.

ZEEKR Intelligent Technology Holding (NYSE: ZK), a global premium electric mobility technology company, has announced it will report its unaudited financial results for the third quarter of 2024 on November 14, 2024, before U.S. markets open. The company's management will host an earnings conference call on the same day at 7:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time).

Participants can pre-register for the call using the provided link, after which they will receive dial-in numbers, a passcode, and a unique access PIN. A live webcast of the conference call will also be available on ZEEKR's investor relations website.

ZEEKR (NYSE: ZK), a global premium electric mobility technology company, reported strong delivery results for September 2024. The company delivered 21,333 vehicles, marking a 77% year-over-year increase. Year-to-date deliveries reached 142,873 vehicles, representing an 81% growth compared to the same period last year. ZEEKR's cumulative deliveries totaled 339,506 by the end of September 2024.

On September 20, 2024, ZEEKR introduced its new premium electric five-seater SUV, the ZEEKR 7X. Deliveries for this model began the following day. The ZEEKR 7X is designed to offer a combination of luxurious comfort and strong off-road capabilities, making it suitable for both urban and challenging environments.

ZEEKR Intelligent Technology Holding (NYSE: ZK), a fast-growing BEV company, reported strong delivery results for August 2024. The company delivered 18,015 vehicles, marking a 46% year-over-year increase. Year-to-date deliveries reached 121,540 vehicles, representing an 81% growth compared to the same period last year. ZEEKR's cumulative deliveries totaled 318,173 by the end of August.

Additionally, ZEEKR launched its mid-to-large SUV, the ZEEKR 7X, on August 30. The vehicle features a spacious cabin with best-in-class front-row headroom and second-row legroom among midsize SUVs. Deliveries for the Chinese market are set to begin by the end of September, with global deliveries expected within the next year.

ZEEKR, an intelligent BEV technology firm, reported unaudited financial results for Q2 2024, with significant growth in key metrics. Vehicle deliveries doubled year-over-year to 54,811 units. Vehicle sales reached RMB13,438.2 million (US$1,849.2 million), a 59% YoY increase. Total revenues were RMB20,040.1 million (US$2,757.6 million), up 58.4% YoY. Gross profit surged by 122.5% to RMB3,449.8 million (US$474.7 million), boosting the gross margin to 17.2%. Despite these gains, the company reported a net loss of RMB1,808.8 million (US$248.9 million), a 28.7% YoY rise. Recent developments include new model launches and a 30% YoY increase in July vehicle deliveries.

ZEEKR Intelligent Technology Holding (NYSE: ZK), a rapidly growing intelligent battery electric vehicle (BEV) technology company, has announced its plan to release unaudited financial results for Q2 2024 on August 21, 2024, before U.S. markets open. The company will host an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time).

Participants can pre-register for the call using the provided link, after which they will receive dial-in numbers, a passcode, and a unique access PIN. A live webcast of the conference call will also be available on ZEEKR's investor relations website.

Zeekr and Mobileye have announced plans to accelerate technology collaboration in China and expand globally. The partnership aims to integrate Mobileye technologies into next-generation Zeekr models and enhance driving safety and automation. Key points include:

1. Over 240,000 Zeekr vehicles with Mobileye SuperVision™ platform delivered since 2021.
2. Accelerating scaling and delivery of core technologies for SuperVision platform.
3. Expanding collaboration to include next-generation products from Level 2+ to Level 4 automation.
4. Zeekr to expand SuperVision platform installation on additional vehicles.
5. Highway Navigation Zeekr Pilot (NZP) active in over 150 cities across China.

This collaboration aims to strengthen Mobileye's localization efforts in China while making advanced technologies available to other customers in the region.