Welcome to our dedicated page for ZEEKR Intelligent Technology Holding news (Ticker: ZK), a resource for investors and traders seeking the latest updates and insights on ZEEKR Intelligent Technology Holding stock.
This page provides a historical news archive for Zeekr Group (former NYSE: ZK), formally ZEEKR Intelligent Technology Holding Limited. Zeekr Group described itself as the world’s leading premium new energy vehicle group from Geely Holding Group, headquartered in Zhejiang, China, with operations in the auto manufacturers segment of the consumer cyclical sector.
The news flow for ZK covers several key themes. Regular delivery updates report monthly vehicle deliveries across the Zeekr and Lynk & Co brands, along with references to a cumulative user base in the millions. These releases highlight trends in unit volumes and the relative contributions of each brand. In addition, financial result announcements summarize unaudited quarterly performance, including vehicle sales, total revenues, gross profit, margins, and net loss, as well as non‑GAAP measures that exclude share‑based compensation expenses.
Another important category of news involves corporate developments. Zeekr Group issued press releases on shareholders’ approval of an Agreement and Plan of Merger with an indirect wholly owned subsidiary of Geely Automobile Holdings Limited, the election deadlines for merger consideration, and the subsequent completion of the merger. The company stated that, following this transaction, it became a wholly owned subsidiary of Geely and ceased to be a publicly traded company, with its American depositary shares removed from listing on the New York Stock Exchange.
By reviewing this news archive, users can trace how Zeekr Group communicated its vehicle delivery trends, financial performance, technology launches under the Zeekr and Lynk & Co brands, and the sequence of events that led to the delisting of ZK and its transition into Geely’s corporate structure.
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.
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.
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