Industry dynamics

Zeekr delivers record 18,616 cars in May

Publishtime:2019/08/16 Views:11

Zeekr delivered a record number of vehicles in May for the second consecutive month, surpassing April's 16,089 vehicles.

Zeekr (NYSE: ZK), which listed on the New York Stock Exchange last month, continued to see strong delivery performance in May.

The company -- the premium electric vehicle subsidiary of Geely Holding Group -- delivered 18,616 vehicles in May, surpassing previous record of 16,089 vehicles in April for its second consecutive record month, according to data it released today.

That's up 114.52 percent year-on-year and up 15.71 percent from April.

Zeekr's current models on sale include the Zeekr 001, Zeekr 007, Zeekr 009, and Zeekr X. The company did not release breakdown figures for different models.

In the January-May period, Zeekr delivered 67,764 vehicles, up 111.68 percent year-on-year.

Since its inception in April 2021, Zeekr has delivered a cumulative total of 264,397 vehicles.

Zeekr went public on the New York Stock Exchange on May 10, raising $441 million.

Zeekr's market capitalization was $6.2 billion as of Friday's US stock market close, lower than the $7.85 billion for Xpeng (NYSE: XPEV) and $11.2 billion for Nio (NYSE: NIO).

Zeekr's revenue for 2021, 2022 and 2023 were RMB 6.5 billion ($900 million), RMB 31.9 billion and RMB 51.7 billion, respectively.

It had net losses of RMB 4.51 billion, RMB 7.66 billion, and RMB 8.23 billion in those three years, respectively.

Zeekr was aiming to turn a profit in 2024 under Hong Kong financial reporting standards, Geely Auto said on March 20 in an earnings report.

The company unveiled the SEA-M architecture, and the first model based on it, the Zeekr Mix, at the 2024 Beijing auto show in late April.

The SEA-M architecture is a derivative of the original Sustainable Experience Architecture (SEA), and is Zeekr's mobility solution.

Zeekr invested more than RMB 7 billion in the SEA-M architecture to realize the combination of ultimate space, vehicle safety and quick handling, it said at the time.

Zeekr did not announce when the Zeekr Mix, which entered a regulatory catalog in China in March, will be officially launched.

($1 = RMB 7.2418)

Zeekr unveils SEA-M architecture that delivers 'ultimate space', Zeekr Mix makes debut