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 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.