Core Insights - Zeekr Automotive announced the delivery of 30,267 new vehicles in December 2025, marking the first time monthly sales exceeded 30,000 units, achieving a historical high with a year-on-year growth of 11.3% and a month-on-month increase of 4.9% [1] - For the entire year of 2025, Zeekr delivered a total of 224,133 vehicles, showing a year-on-year increase compared to 2024, solidifying its position in the high-end luxury electric vehicle market in China, with global cumulative deliveries nearing 650,000 units [1] - The flagship SUV, Zeekr 9X, emerged as a phenomenon in 2025, becoming the best-selling large SUV with over 500,000 units sold in November and surpassing 10,000 units delivered in December [1] - The model 009 continues to lead the luxury MPV market priced above 400,000, while other key models like 001 and 7X have established themselves as benchmarks in their respective segments [1] Market Expansion - Beyond the domestic market, Zeekr is actively expanding into global markets, having entered over 50 countries and regions, with more than 640 global stores [1] - The brand has demonstrated strong market appeal in regions such as Hong Kong, Southeast Asia, Australia, Brazil, and Egypt [1] - Industry experts believe that Zeekr, under the support of Geely, has become a model for Chinese luxury brands to break through and expand globally, focusing on the luxury market with robust system and technological capabilities [1]

Core Viewpoint - Boeing's stock has seen significant gains, with shares up 25% this year and nearly 40% over the last 12 months, indicating a positive market sentiment towards the company [1]. Production and Deliveries - Boeing has experienced a few good months in terms of deliveries and production, suggesting progress in operations [2]. - The focus for the upcoming earnings release will be on increasing the production rate of the 737 Max and the performance of the 787 production [3]. - There is a massive backlog of orders for Boeing, and the key challenge is to ramp up production to address this backlog [6]. Financial Outlook - The company is expected to have negative free cash flow for the full year, but there is potential for positive cash flow in the fourth quarter [9]. - Opportunities exist for Boeing to start paying down debt if they can achieve positive cash flow [10]. Market Demand - There are significant orders coming from markets like China, which is seen as a major tailwind for Boeing [5]. - The overall demand story for Boeing appears positive, with a shift towards production capabilities being crucial for future performance [7][8]. Credit Rating - Boeing currently holds a credit rating of triple B minus with a negative outlook, reflecting ongoing concerns about free cash flow [9].