Core Insights - Zeekr Group reported a total vehicle delivery of 140,195 units in Q3 2025, marking a 12.5% year-over-year increase and a 7.1% quarter-over-quarter increase [2][3] - The company's vehicle sales revenue reached RMB 26,527 million (US$ 3,726 million) for Q3 2025, reflecting a 7.3% increase from Q3 2024 and a 15.8% increase from Q2 2025 [5][11] - Net loss for Q3 2025 was RMB 307 million (US$ 43 million), a significant decrease of 84.9% from Q3 2024 [5][16] Delivery Performance - Total vehicle deliveries for Q3 2025 were 140,195 units, with Zeekr brand delivering 52,860 vehicles and Lynk & Co brand delivering 87,335 vehicles, of which 72.4% were NEV models [2][3] - In October 2025, Zeekr Group delivered 61,636 vehicles, a 20.5% increase compared to the previous month [7] Financial Performance - Total revenues for Q3 2025 were RMB 31,562 million (US$ 4,434 million), up 9.1% year-over-year and 15.1% quarter-over-quarter [5][11] - Gross profit for Q3 2025 was RMB 6,046 million (US$ 850 million), representing a 37.1% increase from Q3 2024 [5][16] - Vehicle margin for Q3 2025 was 15.6%, compared to 12.6% in Q3 2024 and 17.3% in Q2 2025 [5][16] Operational Metrics - Research and development expenses were RMB 2,743 million (US$ 385 million) for Q3 2025, down 8.6% from Q3 2024 [16] - Selling, general and administrative expenses increased to RMB 3,783 million (US$ 532 million) for Q3 2025, up 11.3% year-over-year [16] Loss Metrics - Loss from operations was RMB 56 million (US$ 8 million) for Q3 2025, a significant improvement from a loss of RMB 2,076 million in Q3 2024 [5][16] - Non-GAAP net loss for Q3 2025 was RMB 265 million (US$ 37 million), down 86.6% from Q3 2024 [5][16] Cash Position - As of September 30, 2025, cash and cash equivalents and restricted cash totaled RMB 8,763 million (US$ 1,231 million) [18]
Zeekr Group Reports Third Quarter 2025 Unaudited Financial Results