ZEEKR Intelligent Technology Holding Limited Sponsored ADR ( (ZK) ) has released its Q4 earnings. Here is a breakdown of the information ZEEKR Intelligent Technology Holding Limited Sponsored ADR presented to its investors.
Zeekr Intelligent Technology Holding Limited, a leading premium new energy vehicle group, specializes in developing electric vehicles and related technologies, with a focus on innovation and sustainability. The company recently reported its unaudited financial results for the fourth quarter and full year of 2024, showcasing significant growth in vehicle deliveries and revenue. In the fourth quarter of 2024, Zeekr delivered 79,250 vehicles, marking a 99.8% year-over-year increase, and achieved total revenues of RMB22,777.8 million, a 39.2% rise from the previous year. The company’s gross profit also saw an impressive increase of 85.4% compared to the fourth quarter of 2023. For the full year, Zeekr reported vehicle sales of RMB55,315.3 million, a 63.1% increase from 2023, and a gross margin improvement to 16.4%. Despite these gains, the company reported a net loss of RMB5,790.6 million for 2024, although this was a 29.9% reduction from the previous year. Looking ahead, Zeekr aims to expand its product lineup and enhance competitiveness through AI-driven innovation and global expansion, with a focus on achieving scalable growth and robust risk resilience.