Summary of Zeeker Group's Q4 and Full Year 2024 Earnings Call Company Overview - **Company**: Zeeker Group - **Industry**: Automotive, specifically focusing on luxury electric vehicles and new energy vehicles - **Key Brands**: Zeeker, Lincoln Co. Core Financial Performance - **Total Revenue**: RMB 75.9 billion for the full year 2024, a 46.9% year-over-year increase [9] - **Vehicle Revenue**: RMB 55.5 billion, representing a 63% year-over-year growth [9] - **Gross Margin**: Achieved 17.3% in Q4 2024 and 15.6% for the full year [9] - **Total Vehicle Deliveries**: Over 500,000 units in 2024, with Lincoln Co. delivering 280,000 units (30% YoY increase) and Zeeker delivering 222,000 units (87% YoY increase) [2][9] - **Net Loss**: Reduced from RMB 82.6 billion in 2023 to RMB 57.9 billion in 2024, a 30% decline [10] Strategic Goals and Future Outlook - **Sales Target for 2025**: Aim to deliver 710,000 vehicles, with 390,000 from Lincoln Co. and 320,000 from Zeeker [18] - **Long-term Vision**: Aspiration to become a leading global luxury car group with annual sales exceeding 1 million vehicles within two years [3] - **R&D Investment**: Increased to RMB 9.7 billion in 2024, with a focus on enhancing operational efficiency [9] Product Development and Launches - **New Models**: Plans to launch three new models in 2025, including the Zika Z007 GT and Zika 9X, featuring advanced hybrid technology and autonomous driving capabilities [4][12] - **Market Positioning**: Zeeker aims to solidify its presence in the premium market with an average selling price of around RMB 300,000 [3] Technological Advancements - **AI Integration**: Emphasis on leveraging AI across various business segments to enhance competitiveness and operational efficiency [5][7] - **ADAS Development**: Both brands will share a unified ADAS solution post-merger, enhancing their technological capabilities [25] Market Dynamics and Competitive Landscape - **Market Competition**: Acknowledgment of intense competition in the Chinese new energy vehicle market, with strategies in place to maintain competitiveness [14][15] - **Global Expansion**: Targeting 10% of total sales from international markets in 2025, with a unified sales approach for both brands [7][28] Cost Management and Efficiency - **Cost Reduction Initiatives**: Aiming to reduce R&D expense ratio to around 6% and SG&A ratio to 8% by 2026 through integration and operational efficiencies [11][14] - **Synergies from Merger**: Expected realization of transaction-related synergies to improve vehicle margins to around 15% in Q1 2025 [11] Additional Insights - **User Base**: Over 1.82 million users since the merger of Zeeker and Lincoln Co. [3] - **Product Competitiveness**: Focus on advanced technologies and competitive pricing to differentiate products in a crowded market [22][23] This summary encapsulates the key points from Zeeker Group's earnings call, highlighting financial performance, strategic goals, product development, technological advancements, market dynamics, and cost management strategies.

Group 1 - Zeekr Group will report its unaudited financial results for Q1 2025 on May 15, 2025, before U.S. markets open [1] - An earnings conference call is scheduled for May 15, 2025, at 8:00 A.M. U.S. Eastern Time [2] - Participants can register online to join the conference call and will receive dial-in information via email [3] Group 2 - Zeekr Group, headquartered in Zhejiang, China, is a leading premium new energy vehicle group under Geely Holding Group [4] - The company operates two brands, Lynk & Co and Zeekr, and aims to create a fully integrated user ecosystem [4] - Zeekr Group focuses on developing its own software systems, e-powertrain, and electric vehicle supply chain, emphasizing values of equality, diversity, and sustainability [4]

HANGZHOU, China, April 1, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced its delivery results for March 2025. In March, Zeekr Group delivered a total of 40,715 vehicles from its two brands, Zeekr and Lynk & Co, thanks to the trust and support of over 1.86 million users. The Zeekr brand delivered 15,422 vehicles, representing increases of 18.5% year-over-year and 9.9% month-ov ...

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Q4 2024 Results Conference Call March 20, 2025 8:00 AM ET Company Participants Yuan Jing - Chief Financial Officer Conghui An - Chief Executive Officer Conference Call Participants Tina Hou - Goldman Sachs Tim Hsiao - Morgan Stanley Ming-Hsun Lee - Bank of America Tingwen Yang - CICC Bin Wang - Deutsche Bank Eugene Hsiao - Macquarie Capital Paul Gong - UBS Operator Hello, ladies and gentlemen. Thank you for standing by for ZEEKR Group's Fourth Quarter a ...

Core Viewpoint - Zeekr Group has completed strategic integration transactions with Geely Group, acquiring a majority stake in LYNK & CO, which positions the company for enhanced growth in the premium new energy vehicle market [1]. Group 1: Strategic Transactions - Zeekr Group acquired a 30% equity interest in LYNK & CO from Volvo Car (China) for RMB5.4 billion (US$740 million) and a 20% interest from Geely Holding for RMB3.6 billion (US$493 million) [1]. - Following these transactions, LYNK & CO is now owned 51% by Zeekr and 49% by Ningbo Geely [1]. - The transactions were completed on February 14, 2025, and were previously announced in a Form 6-K filed with the SEC on November 14, 2024 [1]. Group 2: Financial Information - The unaudited pro forma condensed combined financial information includes balance sheet data as of December 31 for 2023 and 2024, and income statement data for the two years ended December 31, 2024 [3]. - Total revenues for the year ended December 31, 2024, were RMB113.892 billion (US$15.603 billion), an increase from RMB81.741 billion in 2023 [9]. - The net loss for the year ended December 31, 2024, was RMB7.121 billion (US$976 million), improved from a net loss of RMB10.149 billion in 2023 [9]. Group 3: Asset and Liability Overview - As of December 31, 2024, total assets were RMB69.213 billion (US$9.482 billion), up from RMB62.968 billion in 2023 [10]. - Total liabilities increased to RMB83.438 billion (US$11.431 billion) as of December 31, 2024, compared to RMB74.605 billion in 2023 [11]. - Total non-current assets decreased to RMB17.357 billion (US$2.378 billion) in 2024 from RMB21.287 billion in 2023 [10].

Core Viewpoint - Zeekr Group has filed its 2024 annual report with the SEC, highlighting its position as a leading premium new energy vehicle group and its commitment to innovation and sustainability [1]. Group 1: Company Overview - Zeekr Group is headquartered in Zhejiang, China, and is part of Geely Holding Group, focusing on premium new energy vehicles [3]. - The company operates two brands, Lynk & Co and Zeekr, aiming to create a fully integrated user ecosystem [3]. - Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain, emphasizing equality, diversity, and sustainability [3]. Group 2: Financial Reporting - The company filed its 2024 annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC on March 20, 2025 [1]. - Shareholders can request a hard copy of the annual report containing audited consolidated financial statements free of charge [2].

Cash and Cash Equivalents - As of December 31, 2024, the company had cash and cash equivalents and restricted cash of RMB8,961.7 million (US$1,227.7 million), an increase from RMB4,104.7 million in 2023[574]. - Cash, cash equivalents, and restricted cash denominated in RMB amounted to RMB3,593.8 million and RMB7,354.3 million as of December 31, 2023 and 2024, respectively[770]. - As of December 31, 2023, the company has cash and cash equivalents in EUR amounting to €16,609,000, which is projected to increase to €35,000,000 by 2024[771]. - The company's SEK cash holdings are expected to grow from SEK 95,676,000 in 2023 to SEK 382,492,000 in 2024, indicating a significant increase[771]. - US$ cash and cash equivalents are forecasted to rise from $44,050,000 in 2023 to $131,148,000 in 2024, reflecting strong growth potential[771]. - The company plans to introduce THB cash holdings of THB 422,844,000 in 2024, which were not present in 2023[771]. - AUD cash equivalents are expected to reach AUD 8,722,000 in 2024, marking the first appearance of this currency in the company's cash holdings[771]. Operating Activities - Net cash provided by operating activities was RMB3,199.3 million (US$438.3 million) in 2024, despite a net loss of RMB5,790.6 million (US$793.3 million)[581]. - The company experienced a net loss of RMB8,264.2 million in 2023, with net cash provided by operating activities amounting to RMB2,275.3 million[582]. - The company’s cash flow from operating activities in 2023 was positively affected by an increase in amounts due to related parties of RMB8,482.8 million[582]. - The company’s net cash used in operating activities was RMB3,523.6 million in 2022, with a net loss of RMB7,655.1 million[583]. Investing Activities - The company reported a net cash used in investing activities of RMB923.9 million (US$126.6 million) in 2024, primarily for property, plant, and equipment purchases totaling RMB1,273.3 million (US$174.4 million)[585]. - The company’s net cash used in investing activities in 2023 was RMB1,958.8 million, primarily for property, plant, and equipment purchases of RMB1,568.7 million[586]. - Capital expenditures for 2023 amounted to RMB1,913.4 million, with expectations to increase to RMB1,715.4 million in 2024, primarily for property, plant, and equipment[591]. - The company expects to make capital expenditures primarily on properties and manufacturing facilities related to Ningbo Viridi and leasehold improvements for retail stores[591]. Financing Activities - In 2024, net cash used in financing activities was RMB2,623.1 million (US$359.4 million), which included proceeds from an initial public offering of RMB3,465.3 million (US$474.8 million)[588]. - Net cash used in financing activities in 2023 was RMB2.7 million, primarily due to repayment of related party loans of RMB5,375.7 million, offset by proceeds from issuance of preferred shares of RMB5,373.0 million[589]. - The company had obtained term loan credit facilities totaling RMB27.6 billion from 18 commercial banks as of December 31, 2024, with RMB14.6 billion remaining unused[575]. Liabilities and Commitments - Total capital commitments as of December 31, 2024, were RMB125.4 million, with RMB36.5 million due within one year and RMB88.9 million due in 1-3 years[592]. - Operating lease obligations totaled RMB2,385.9 million, with RMB751.9 million due within one year[594]. - Estimated warranty provision for the year ended December 31, 2024, amounted to RMB501.9 million, with a recorded warranty liability of RMB723.9 million[612]. Other Financial Information - The notional amount under foreign currency forward contracts was EUR53.0 million as of December 31, 2024[596]. - The company has not entered into any off-balance sheet financial guarantees or derivative contracts that are not reflected in its financial statements[596]. Future Plans - The company plans to integrate NVIDIA DRIVE Thor, a 2,000 TOPS AV superchip, into its next generation intelligent BEV[597].

Exhibit 99.1 Zeekr Group Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results HANGZHOU, China, March 20, 2025 -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Operating Highlights for the Fourth Quarter and Full Year of 2024 | Deliveries | FY2024 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 ...

Core Insights - Zeekr Group reported significant growth in vehicle deliveries and financial performance for the fourth quarter and full year of 2024, achieving record delivery volumes and revenue increases compared to previous periods [1][5][6]. Financial Performance - Total vehicle deliveries for FY2024 reached 222,123 units, marking an 87.2% year-over-year increase, while Q4 2024 deliveries were 79,250 units, a 99.8% increase from Q4 2023 [2][5]. - Vehicle sales for Q4 2024 amounted to RMB19,301.6 million (US$2,644.3 million), an 82.2% increase from Q4 2023, and total revenues for the quarter were RMB22,777.8 million (US$3,120.6 million), up 39.2% year-over-year [6][20]. - Gross profit for Q4 2024 was RMB4,316.5 million (US$591.4 million), representing an 85.4% increase from the same quarter in 2023, with a gross margin of 19.0% [6][20]. - For the full year 2024, vehicle sales totaled RMB55,315.3 million (US$7,578.2 million), a 63.1% increase from 2023, with total revenues of RMB75,912.7 million (US$10,400.0 million), up 46.9% year-over-year [10][31]. Operational Highlights - The vehicle margin for Q4 2024 was 17.3%, an increase from 15.3% in Q4 2023, attributed to cost reduction initiatives [6][20]. - The company reported a net loss of RMB820.6 million (US$112.4 million) for Q4 2024, a decrease of 72.1% from Q4 2023, and a full-year net loss of RMB5,790.6 million (US$793.3 million), down 29.9% from the previous year [6][10][31]. Recent Developments - In January 2025, Zeekr delivered 11,942 vehicles, and in February 2025, total deliveries reached 31,277 vehicles, including those from the Lynk & Co brand following its acquisition [12]. - The company showcased its innovations in intelligent mobility at CES 2025, emphasizing advancements in smart cockpit technology and autonomous driving [13]. - The strategic integration with Lynk & Co was completed in February 2025, enhancing Zeekr's market position [14]. Product Development - The Zeekr brand introduced the Zeekr 007GT in January 2025, an enhanced model set to launch in Q2 2025 [15]. Management Commentary - The CEO highlighted the record delivery volume and the successful integration with Lynk & Co, expressing confidence in the company's growth strategy and commitment to leading the premium new energy market [16]. - The CFO noted strong revenue growth driven by vehicle deliveries and improved profitability through cost discipline and technology-driven initiatives [16].

Core Viewpoint - Zeekr Group reported strong delivery results for February 2025, highlighting significant year-over-year growth in vehicle deliveries across its brands [2]. Delivery Results - In February 2025, Zeekr Group achieved a total of 31,277 vehicle deliveries across its two brands [2]. - The Zeekr brand delivered 14,039 vehicles, reflecting an 86.9% year-over-year increase and a 17.6% growth compared to January 2025 [2]. - Following the acquisition of Lynk & Co, the company delivered 17,238 Lynk & Co vehicles, marking a 30.5% year-over-year growth compared to prior deliveries, with 47.9% of these being NEV models [2]. Company Overview - Zeekr Group, headquartered in Zhejiang, China, is a leading premium new energy vehicle group under Geely Holding Group [3]. - The company operates two brands, Lynk & Co and Zeekr, and aims to create a fully integrated user ecosystem with a focus on innovation [3]. - Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain, emphasizing values of equality, diversity, and sustainability [3].