ZEEKR Announces November 2024 Delivery Update

Rhea-AI Summary

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.

Positive

• 106% year-over-year increase in monthly deliveries (27,011 vehicles)
• 85% growth in year-to-date deliveries (194,933 vehicles)
• Strong cumulative delivery milestone reached (391,566 vehicles)

Negative

• None.

Insights

Market Research Analyst

The 106% YoY growth in November deliveries showcases ZEEKR's strong market momentum in the competitive EV space. With 27,011 vehicles delivered, the company maintains robust execution of its growth strategy. The year-to-date deliveries of 194,933 units, representing 85% growth, indicates sustained market penetration and growing consumer acceptance. The cumulative delivery milestone of 391,566 vehicles demonstrates ZEEKR's expanding market presence and production capabilities.

This performance is particularly noteworthy given the challenging market conditions in the EV sector and intense competition from both domestic and international players. The consistent growth trajectory suggests effective market positioning and strong product-market fit, though maintaining this momentum will be important for long-term success in the evolving EV landscape.

HANGZHOU, China, Dec. 1, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a global premium electric mobility technology company, today announced its delivery results for November 2024.

ZEEKR delivered 27,011 vehicles in November 2024, a 106% year-over-year increase. Year-to-date, ZEEKR has delivered 194,933 vehicles in 2024, representing 85% growth over the same period last year. As of the end of November 2024, ZEEKR's cumulative deliveries reached 391,566.

About ZEEKR

ZEEKR (NYSE: ZK) is a global premium electric mobility technology brand from Geely Holding Group. ZEEKR aims to create a fully integrated user ecosystem with innovation as a standard. ZEEKR utilizes Sustainable Experience Architecture (SEA) and develops its own battery technologies, battery management systems, electric motor technologies, and electric vehicle supply chains. ZEEKR's value is equality, diversity, and sustainability. Its ambition is to become a true mobility solution provider.

ZEEKR operates its R&D centers and design studios in Ningbo, Hangzhou, Gothenburg, and Shanghai and boasts state-of-the-art facilities and world-class expertise. Since ZEEKR began delivering vehicles in October 2021, the brand has developed a diversified product portfolio that primarily includes the ZEEKR 001, a luxury shooting brake; the ZEEKR 001 FR, a hyper-performing electric shooting brake; the ZEEKR 009, a pure electric luxury MPV; the ZEEKR 009 Grand, a four-seat ultra-luxury flagship MPV; the ZEEKR X, a compact SUV; the ZEEKR 7X, a premium electric five-seater SUV; the ZEEKR MIX; and an upscale sedan model. ZEEKR has announced plans to sell vehicles in global markets, and has an ambitious roll-out plan over the next 5 years to satisfy the rapidly expanding global EV demand.

For more information, please visit https://ir.zeekrlife.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "future," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:

ZEEKR Intelligent Technology Holding Limited
Investor Relations
E-mail: ir@zeekrlife.com

Piacente Financial Communications
Tel: +86-10-6508-0677
E-mail: zeekr@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: zeekr@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/zeekr-announces-november-2024-delivery-update-302319144.html

SOURCE ZEEKR Intelligent Technology Holding Limited

FAQ

How many vehicles did ZEEKR (ZK) deliver in November 2024?

ZEEKR delivered 27,011 vehicles in November 2024, representing a 106% increase compared to November 2023.

What is ZEEKR's (ZK) total delivery count for 2024 so far?

ZEEKR has delivered 194,933 vehicles year-to-date in 2024, showing an 85% growth compared to the same period in 2023.

What are ZEEKR's (ZK) cumulative deliveries as of November 2024?

ZEEKR's cumulative deliveries reached 391,566 vehicles as of the end of November 2024.