ZEEKR Intelligent Technology Holding Ltd

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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ZEEKR Intelligent Technology Holding Ltd. engages in the commercialization and sale of electric vehicles and batteries, and provision of automotive related research and development services through its subsidiaries. It operates through the following segments: ZEEKR, Viridi, and China-Euro Vehicle Technology (CEVT). The ZEEKR segment deals with operations and distribution of vehicles mainly located in People's Republic of China (PRC) and Europe, and certain electric vehicle research and development services primarily within PRC. The Viridi segment includes batteries and other components manufacturing operations located in PRC, with batteries and other component distributed to Europe and PRC. The CEVT segment focuses on research and development operation located in Sweden, with service delivered primarily to related parties in China. The company was founded by Shu Fu Li, Cong Hui An, Dong Hui Li, and Sheng Yue Gui on March 31, 2021 and is headquartered in Ningbo, China.

Zeekr's revenue and earnings missed expectations due to intense price competition among Chinese EV makers and a weak consumption environment. The macro-environment in China favors low-cost EVs, making it challenging for premium brands like Zeekr to maintain margins and pricing power. The integration of Lynk & Co. with Zeekr could further pressure profitability, given Lynk's focus on value-seeking consumers in lower-tier cities.

ZEEKR: Premium Dreams Meet Budget Reality

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK ) Q3 2024 Earnings Conference Call November 14, 2024 7:00 AM ET Company Participants Yuan Jing - CFO An Conghui - Co-Founder & CEO Conference Call Participants Tina Hou - Goldman Sachs Tim Zhao - Morgan Stanley Ming Li - Bank of America Merrill Lynch Bin Wang - Deutsche Bank Jia Lou - BOCI Paul Gong - UBS Eugene Zhao - Macquarie Operator Speaker 1: Hello, ladies and gentlemen. Thank you for standing by for Zeekr's Third Quarter 2024 Earnings Conference Call.

ZEEKR Intelligent Technology Holding Limited (ZK) Q3 2024 Earnings Call Transcript

HANGZHOU, China , Nov. 14, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a global premium electric mobility technology company, today announced its entry into strategic integration transactions (the "Strategic Integration Transactions") with certain Geely entities, including (i) Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding"), a PRC limited liability company ultimately wholly-owned by Mr.

ZEEKR Announces Strategic Integration Transactions with Geely

Chinese premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the matter said.

Exclusive: China's Zeekr to take control of sister brand Lynk, sources say

HANGZHOU, China , Nov. 14, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a global premium electric mobility technology company, today announced its unaudited financial results for the third quarter ended September 30, 2024. Operating Highlights for the Third Quarter of 2024 Total vehicle deliveries were 55,003 units for the third quarter of 2024, representing a 51% year-over-year increase.

ZEEKR Reports Third Quarter 2024 Unaudited Financial Results

The average of price targets set by Wall Street analysts indicates a potential upside of 27.8% in Zeekr (ZK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 27.79% Upside in Zeekr (ZK): Here's What You Should Know

Zeekr's October deliveries surged 92% year on year to 25,049 vehicles, surpassing its previous record from September and bringing 2023's total to nearly 168,000. Xpeng also beat its personal best for a second straight month, delivering 23,917 vehicles in October.

China's Zeekr reports EV deliveries in October nearly doubled, clocks its best monthly numbers

HANGZHOU, China , Oct. 31 , 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 October 2024. ZEEKR delivered 25,049 vehicles in October 2024, a 92% year-over-year increase.

ZEEKR Announces October 2024 Delivery Update

The consensus price target hints at a 44.2% upside potential for Zeekr (ZK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Zeekr (ZK)? Wall Street Analysts Think 44.23%

Chinese EV maker Zeekr's has begun sales of its first model for Australia - one of two slated for 2024 and both will also launch in New Zealand later this year as it seeks to make Oceania a key overseas market.

China's Zeekr launches EV in Australia, eyes New Zealand next

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The global EV market's growth has slowed, but Chinese EV companies like NIO, XPeng, Li Auto, and ZEEKR are outperforming with strong sales figures. NIO and XPeng both set monthly sales records in September, with both companies delivering around 21,000 vehicles, driven by new sub-brands. Li Auto leads in growth and profitability, delivering 54,000 vehicles in September and maintaining strong order intake, making it an attractive investment.

NIO, XPeng, Li Auto, ZEEKR: Explosive Growth For Chinese EVs

Chinese new energy vehicle brands Li Auto and Zeekr each delivered a record number of cars in September, according to company data released Tuesday. Xpeng also claimed a record 21,352 electric car deliveries in September, including more than 10,000 units of its mass market Mona brand's M03 coupe, launched in late August.

Chinese EV brands Li Auto and Zeekr report record deliveries for September

HANGZHOU, China , Oct. 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 September 2024. ZEEKR delivered 21,333 vehicles in September 2024, a 77% year-over-year increase.

ZEEKR Announces September 2024 Delivery Update

ZEEKR Intelligent Technology is a "Buy" with a 24-36 month horizon, poised to navigate industry headwinds and emerge stronger in the EV market. Expansionary global monetary policies and waning macroeconomic headwinds are expected to boost EV sales and support ZK's growth. The Company's strong market positioning, impressive delivery growth, and Geely Group backing underscore its potential in the competitive EV landscape.

ZEEKR Likely To Trend Higher From Oversold Levels

ZEEKR Intelligent Technology Holding Ltd. NYSE: ZK is a subsidiary of Geely Automotive Holdings Ltd.

ZEEKR Is the Chinese EV Stock to Put on Your Watchlist

HANGZHOU, China , Sept. 1, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a fast-growing intelligent battery electric vehicle ("BEV") technology company, today announced its delivery results for August 2024.

ZEEKR Announces August 2024 Delivery Update

Zeekr will launch its first midsize electric SUV, the Zeekr 7X, in China on Sept. 20, starting at $33,700, to compete with Tesla's Model Y.

China's Zeekr targets global markets with its electric SUV, priced to undercut Tesla's Model Y

This under-the-radar electric vehicle maker might become popular quite soon. It posted quarterly results that revealed a more than 100% revenue increase.

Why EV Stock Zeekr Intelligent Technology Was Accelerating This Week

HANGZHOU, China , Aug. 21, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a fast-growing intelligent battery electric vehicle ("BEV") technology company, today announced its unaudited financial results for the second quarter ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 Total vehicle deliveries were 54,811 units for the second quarter of 2024, representing a 100% year-over-year increase.

ZEEKR Reports Second Quarter 2024 Unaudited Financial Results

Chinese electric vehicle (EV) manufacturer Zeekr (NYSE: ZK) has announced a groundbreaking advancement in battery technology, claiming its new batteries outpace all other original equipment manufacturers (OEMs), including Tesla, in terms of charging speed.

China's Zeekr beats Tesla in charging speed: New battery charges 10% to 80% in just 10 minutes

In just 10.5 minutes, Zeekr's new batteries can go from a 10% to an 80% charge, using the automaker's ultra-fast charging stations, the U.S.-listed electric car company said Tuesday. Tesla's Model 3 can recharge up to 175 miles in 15 minutes, or about 48% of the stated 363 mile-range, according to the company's website.

Chinese EV maker Zeekr says its new battery can charge faster than that of a Tesla

HANGZHOU, China , Aug. 6, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a fast-growing intelligent battery electric vehicle ("BEV") technology company, today announced that it will report its unaudited financial results for the quarter ended June 30, 2024, before the U.S. markets open on Wednesday, August 21, 2024. The Company's management will host an earnings conference call on Wednesday, August 21, 2024, at 8:00 A.M.

ZEEKR to Report Second Quarter 2024 Financial Results on August 21, 2024

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HANGZHOU, China & JERUSALEM--(BUSINESS WIRE)--Building on the success from their collaboration over the last several years, Zeekr and Mobileye have announced their plan to accelerate technology localization in China, integrate Mobileye technologies into the next-generation Zeekr models, and further their state-of-the-art driving safety and automation there and in the global market. Since the end of 2021, Zeekr has delivered more than 240,000 Zeekr 001 and Zeekr 009 vehicles, powered by the Mobi.

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