ZEEKR Intelligent Technology Holding Ltd Stock Price, News & Analysis

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.

ZEEKR, a rapidly expanding intelligent BEV technology company, has reported impressive delivery results for July 2024. The company delivered 15,655 vehicles, marking a 30% year-over-year increase. Year-to-date deliveries reached 103,525 vehicles, representing an 89% growth compared to the same period last year. ZEEKR's cumulative deliveries have now surpassed 300,000 units.

On July 19, 2024, ZEEKR launched its luxury flagship MPV, the all-new ZEEKR 009, with deliveries starting on July 22. The vehicle boasts impressive specifications, including an 800V battery electric platform, 0-100km/h acceleration in 3.9 seconds, and a maximum CLTC range of 900km with a 140kWh battery. Additionally, ZEEKR unveiled details about its mid-large SUV, the ZEEKR 7X, showcasing the company's commitment to product excellence.

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.