Core Insights - ZEEKR Intelligent Technology Holding Limited reported a strong performance in Q3 2024, with total vehicle deliveries reaching 55,003 units, a 51% year-over-year increase [2][10] - The company achieved vehicle sales of RMB 14,401.3 million (US2,052.2million)inQ32024,markinga42 2,616.0 million), a 30.7% increase from RMB 14,044.6 million in Q3 2023, but an 8.4% decrease from Q2 2024 [3][11] - Gross profit for Q3 2024 was RMB 2,941.8 million (US419.2million),up28.5 162.3 million), a decrease of 21.7% from RMB 1,455.7 million in Q3 2023 and a decrease of 37.0% from Q2 2024 [6][22] Cost and Margin Analysis - Cost of revenues for Q3 2024 was RMB 15,416.2 million (US2,196.8million),a31.1 280.2 million), a decrease of 2.6% from RMB 2,018.1 million in Q3 2023 [19] - The decrease in R&D expenses was attributed to a one-off large quantity of share-based compensation expenses in the previous quarter [19] Recent Developments - ZEEKR launched the ZEEKR MIX on October 23, 2024, a family-oriented vehicle designed for everyday use, featuring innovative space utilization and flexible seating arrangements [9][10] - The company continues to focus on expanding its product lineup and enhancing its market position [10]
