ZEEKR Intelligent Technology Holding Limited Sponsored ADR ( (ZK) ) has released its Q3 earnings. Here is a breakdown of the information ZEEKR Intelligent Technology Holding Limited Sponsored ADR presented to its investors.
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ZEEKR Intelligent Technology Holding Limited, a global premium electric mobility technology company, specializes in creating electric vehicles and related technologies, positioning itself as a leader in the electric vehicle industry. In the third quarter of 2024, ZEEKR reported significant growth with total vehicle deliveries reaching 55,003 units, marking a 51% increase year-over-year. Financially, vehicle sales rose by 42% from the previous year, totaling RMB14,401.3 million, while total revenues grew by 30.7% to RMB18,358.0 million. Despite the growth in sales, the company reported a net loss of RMB1,139.1 million, although this was an improvement from the previous quarters. One of the notable highlights of this quarter was the launch of the ZEEKR MIX, which is designed to maximize interior space and provide versatile seating arrangements. Looking forward, ZEEKR’s management remains optimistic about sustaining growth by expanding its product lineup and enhancing its market presence, underscoring a commitment to strengthening product capabilities and optimizing operational efficiencies.
