Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices involving Zeekr Intelligent Technology Holding Limited following allegations of inflated sales figures [1][2]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Zeekr and is looking into whether the company and its officers engaged in fraudulent activities [1]. - The investigation was prompted by a Reuters article that reported on July 19, 2025, that Zeekr, along with another Chinese electric vehicle brand Neta, allegedly inflated sales figures to meet aggressive targets [2]. Group 2: Sales Practices - The Reuters report indicated that Zeekr arranged for vehicles to be insured before actual sales, allowing the company to record sales prematurely under Chinese registration practices [2]. - This practice was aimed at achieving monthly and quarterly sales targets, raising concerns about the legitimacy of reported sales figures [2]. Group 3: Market Reaction - Following the news of the investigation and allegations, Zeekr's American Depositary Receipt (ADR) experienced a decline, falling by $1.08 per share, or 3.59%, closing at $28.99 on July 21, 2025 [2].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ZEEKR Intelligent Technology Holding Limited - ZK