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Company Overview
ZEEKR Intelligent Technology Holding Ltd is a fast-growing, premium battery electric vehicle (BEV) technology company that is redefining the landscape of modern mobility. By integrating cutting-edge electrification, intelligentization, and innovation in its core operations, the company has built a robust foundation in advanced BEV architecture, state-of-the-art hardware, and sophisticated software systems. With a clear focus on the development and commercialization of premium electric vehicles, ZEEKR serves a global clientele that values technology, design excellence, and performance in the rapidly evolving automotive industry.
Innovative Technology and Product Development
ZEEKR emphasizes a holistic approach to technology integration, ensuring that every aspect of its electric vehicles meets high standards in efficiency, safety, and user experience. The company has invested heavily in R&D to pioneer innovative electric vehicle architectures and improve key components such as battery systems and electric drive technologies. Its commitment to continuous iteration and technological refinement is evident in the way it integrates proprietary digital solutions and next-generation driver assistance systems. This strong emphasis on in‐house development and advanced engineering has positioned ZEEKR as a notable competitor in the premium BEV sector.
Operational Excellence and Market Position
Operational efficiency is at the core of ZEEKR's business model. By maintaining a flat and agile organizational structure, the company ensures rapid decision-making and swift adaptation to changing market dynamics. This operational dexterity has facilitated fast product development cycles, efficient market launches, and effective scaling across global markets. With a growing presence in multiple regions, ZEEKR has been able to consistently increase its delivery volumes while maintaining high quality and innovative features in its vehicles.
Research and Development Commitment
At the heart of ZEEKR is a strong commitment to research and development. The company operates dedicated R&D centers and design studios that harbor world-class expertise and state-of-the-art facilities in key locations. This continuous R&D investment enables the company to push the boundaries of BEV technology, optimize product structures, and explore new technological frontiers, all while keeping the user experience at the forefront. Its well-developed R&D pipeline and relentless innovation empower ZEEKR to effectively tackle challenges and anticipate evolving customer needs.
Global Expansion and Strategic Partnerships
ZEEKR's strategic approach to global expansion has seen it extend its market reach across numerous key international regions. The company leverages collaborative partnerships and strategic integration transactions that enhance its operational capacity and technological prowess. These alliances are not only instrumental in strengthening its supply chain resilience but also in broadening the reach of its innovative mobility solutions to a diverse, global customer base. By focusing on a balanced and well-integrated user ecosystem, ZEEKR is continuously enhancing its footprint in the competitive automotive landscape.
Customer-Centric Innovation and Future-Proof Solutions
Understanding the evolving demands of modern mobility, ZEEKR places customers at the center of its innovation process. The company is dedicated to crafting a fully integrated user ecosystem that couples rich digital experiences with robust vehicle performance. This customer-centric approach, combined with a focus on intelligent design and operational flexibility, ensures that each product not only meets current mobility demands but is also well-equipped to handle emergent trends in smart transportation and sustainable mobility. The emphasis on flexibility and safety in design further reinforces its commitment to creating vehicles that are both aesthetically refined and technologically advanced.
Conclusion
In summary, ZEEKR Intelligent Technology Holding Ltd stands out for its robust blend of technological innovation, operational agility, and global market orientation. Its pioneering work in premium electric vehicle development and dedication to cutting-edge solutions underscore its significant role in driving the global movement toward intelligent mobility. The company continues to establish its credibility and depth of expertise in the electric vehicle sector by continually evolving its performance and embracing disruptive innovations in automotive technology.
ZEEKR (NYSE: ZK) reported strong delivery performance for December 2024 and full year 2024. The company delivered 27,190 vehicles in December, representing a 102% year-over-year increase. Full-year deliveries reached 222,123 vehicles, showing 87% growth compared to 2023. The company's cumulative deliveries totaled 418,756 vehicles by the end of 2024.
Looking forward, ZEEKR has set an ambitious target of 320,000 vehicle deliveries for 2025.
ZEEKR (NYSE: ZK) reported strong delivery growth in November 2024, with 27,011 vehicles delivered, marking a significant 106% increase year-over-year. The company's year-to-date deliveries reached 194,933 vehicles, representing an 85% growth compared to the same period in 2023. ZEEKR's cumulative deliveries totaled 391,566 vehicles by the end of November 2024.
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.
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