Operating Highlights for the First Quarter of 2024 Vehicle sales were RMB8,174.1 million (US$1,132.1 million) for the first quarter of 2024, representing an increase of 73.0% from the first quarter of 2023 and a decrease of 22.8% from the fourth quarter of 2023. Vehicle margin was 14.0% for the first quarter of 2024, compared with 10.1% for the first quarter of 2023 and 15.3% for the fourth quarter of 2023. Total revenues were RMB14,736.8 million (US$2,041.0 million) for the first quarter of 2024, represent ...

HANGZHOU, China, June 1, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a fast-growing intelligent battery electric vehicle ("BEV") technology company, today announced its delivery results for May 2024. ZEEKR delivered 18,616 vehicles in May 2024, representing an increase of 115% year over year. The cumulative deliveries of ZEEKR vehicles reached 264,397 as of the end of May 2024. About ZEEKR ZEEKR is a fast-growing intelligent BEV technology company ...

HANGZHOU, China, May 31, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a fast-growing intelligent battery electric vehicle ("BEV") technology company, today announced that it will report its unaudited financial results for the quarter ended March 31, 2024, before the U.S. markets open on Tuesday, June 11, 2024. The Company's management will host an earnings conference call on Tuesday, June 11, 2024, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/ ...

The company is one of several making competition in the Chinese and global EV market increasingly tight, squeezing the margins of larger Chinese companies like BYD (BYDDY), and other international players like Tesla (TSLA). Some of the Chinese companies have expanded abroad, with Zeekr's IPO bringing some speculation about whether the company could be next. "The capital markets in New York are very favorable for new energy vehicles. Zeekr is a global brand, and choosing to list in New York further demonstra ...

China-based premium-label electric vehicle (EV) manufacturer Zeekr (NYSE:ZK) got off to a strong debut on Friday, ironically amid the Biden administration’s plans to raise tariffs on Chinese vehicle imports to the U.S., according to Reuters. The dichotomy reflects the double-forked nature of ZK stock.As InvestorPlace contributor Dana Blankenhorn explained, Zeekr represents a spinoff from Geely (OTCMKTS:GELYY). It’s the second such entity to be traded in U.S. exchanges, following Polestar (NASDAQ:PSNY), a sp ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Zeekr (NYSE:ZK), a Chinese maker of luxury electric vehicles (EVs), holds its IPO today with an initial price of $21 per share. The price is at the top of the expected range. It indicates strong demand for the 21 million American Depository Receipts (ADRs) being offered. Zeekr filed an F-1 document with the Securities and Exchange Commission (SEC) early this month.However, the most important thing for many to know about Zeekr is that Zeekr is not the story here.Zeeker Is Another Geely JointZeekr is yet anot ...

Geely-backed EV brand illustrates China’s strategy to dominate the global market as cars go electric and intelligentA lot is riding on the IPO of ZEEKR, the Chinese EV maker, which is expected to start trading today on the NYSE under the symbol (NYSE: ZK) after pricing at the top of its range at $41 per share. At a market cap of just over $5 billion, this is the first IPO of any real size coming from the PRC since the debacle of Didi Chuxing’s (OTC: DIDIY) listing and subsequent delisting in 2021.Bankers in ...

HANGZHOU, China, May 10, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a fast-growing battery electric vehicle ("BEV") technology company, today announced the pricing of its initial public offering of 21,000,000 American Depositary Shares ("ADSs"), each representing 10 ordinary shares of the Company, at US$21.0 per ADS. The ADSs will begin trading on May 10, 2024, on the New York Stock Exchange under the ticker symbol "ZK." The offering is expected ...

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021.Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its range, according to news reports.The company will sell 21 million American depository shares to raise $441 million when it begins trading on the New York Stock Exchange on Friday under the ticker ZK, Reuters and Bloomberg News report ...