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ZEEKR Intelligent Technology Holding Limited (NYSE: ZK) is a rapidly expanding company in the battery electric vehicle (BEV) industry. Founded in March 2021, ZEEKR is dedicated to leading the electrification, intelligentization, and innovation of the automobile sector. The company's core mission is to offer next-generation premium BEVs and technology-driven solutions that redefine mobility experiences.
ZEEKR's product portfolio includes a variety of advanced electric vehicles, such as the ZEEKR 001, a five-seater crossover hatchback; the ZEEKR 001 FR, its latest crossover hatchback; the ZEEKR 009, a luxurious six-seater MPV; and the ZEEKR X, a compact SUV. Additionally, the company offers an upscale sedan model, expanding its appeal to a broad range of customers.
Driven by a strong commitment to research and development, ZEEKR has developed innovative BEV architecture, hardware, software, and implemented new technologies to create unique, customer-oriented products. The company's efficient organizational structure and high operational flexibility enable rapid product development, launch, and iteration, ensuring that ZEEKR stays at the forefront of the BEV market.
In recent news, ZEEKR announced a significant partnership with SunCar Technology Group Inc., an innovative leader in cloud-based B2B auto services and auto e-insurance in China. This collaboration leverages SunCar's intelligent insurance service platform to provide cutting-edge solutions to ZEEKR's customers, enhancing user benefits, reducing costs, and optimizing services. The partnership exemplifies ZEEKR's dedication to integrating technology and innovation to improve customer experience.
Financially, ZEEKR has shown impressive growth, with a reported delivery of 18,616 vehicles in May 2024, marking a 115% year-over-year increase. The cumulative deliveries reached 264,397 by the end of May 2024. These figures highlight ZEEKR's robust market performance and growing influence in the BEV industry.
For more information about ZEEKR Intelligent Technology Holding Limited, visit their official website.
ZEEKR Intelligent Technology Holding, a rapidly growing BEV technology company, reported significant delivery milestones for June 2024. The company delivered 20,106 vehicles in June, marking an 89% year-over-year increase. Year-to-date deliveries for 2024 reached 87,870 vehicles, illustrating a 106% growth compared to the same period last year. Cumulative deliveries stand at 284,503.
The flagship ZEEKR 001 model exceeded 200,000 deliveries, setting a new benchmark in China's premium BEV market. Additionally, ZEEKR has expanded into the Indonesian and Malaysian markets through partnerships with PT Premium Auto Prima and Sentinel Automotive Sdn. Bhd., respectively. The company is now present in over 25 major markets and plans to extend its reach to more than 50 international markets by the end of the year, including Europe, Asia, Oceania, and Latin America.
ZEEKR, a growing BEV technology company, reported its Q1 2024 unaudited financial results with significant milestones. The company delivered 33,059 vehicles, a 117% increase YoY, but a 16.7% decrease QoQ. Vehicle sales reached RMB 8,174.1 million (US$1,132.1 million), up 73% YoY but down 22.8% QoQ. Total revenue was RMB 14,736.8 million (US$2,041.0 million), a 71% YoY increase but a 9.9% QoQ decline. The gross margin improved to 11.8%, up from 7.9% YoY but down from 14.2% QoQ. The company's net loss decreased by 18% YoY and 31.2% QoQ to RMB 2,022.1 million (US$280.1 million).
On June 1, 2024, ZEEKR Intelligent Technology Holding announced their May 2024 delivery results. The company delivered 18,616 vehicles, marking a 115% year-over-year increase. As of the end of May 2024, cumulative deliveries have reached 264,397 vehicles.
ZEEKR Intelligent Technology Holding (NYSE: ZK) is set to report its unaudited financial results for Q1 2024 on June 11, 2024. The announcement will be made before the U.S. markets open. An earnings conference call is scheduled for the same day at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time). Interested participants are required to pre-register online to receive their unique access information. The live webcast of the conference call will be available on ZEEKR's investor relations website.
SunCar Technology Group Inc. (NASDAQ: SDA) has announced an extended collaboration with Zeekr Intelligent Technology Holding , a premium electric vehicle brand under Geely Group. This partnership will utilize SunCar's intelligent insurance service platform to offer innovative solutions to Zeekr's customers in China.
The platform integrates online and offline services, leveraging cloud architecture, big data, and AI to connect insurance companies, intermediaries, and customers. It includes SaaS and PaaS cloud services, facilitating end-to-end online insurance processes for electric vehicle owners.
The collaboration aims to enhance technology, products, customer management, marketing, and after-sales services to meet user demands for improved benefits, cost reduction, and optimized services. SunCar's initiative reinforces its leadership in digital automotive services and e-insurance.
ZEEKR Intelligent Technology Holding announced the pricing of its initial public offering of 21,000,000 American Depositary Shares (ADSs) at US$21.0 per ADS. The total gross proceeds are expected to be approximately US$441.0 million. The ADSs will begin trading on May 10, 2024, on the NYSE under the ticker symbol 'ZK'. The underwriters have an option to purchase additional ADSs. The offering is expected to close on May 14, 2024.
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