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ZEEKR Intelligent Technology Holding Limited (ZK) is a fast-growing company specializing in the development and sale of premium battery electric vehicles (BEVs) and technology-driven solutions. The company focuses on innovation and technological advancement in BEV architecture, hardware, and software, aiming to lead the electrification and intelligentization of the automobile industry. ZK's primary offerings include electric vehicles, battery packs, and related components, as well as research and development services.
- Zeekr - Focuses on the sale of electric vehicles and related services, being the largest contributor to the company's revenue.
- Viridi - Involves the sale of battery packs and other components, such as motors and electric control system products.
- ZTE - Provides research and development services related to BEV technologies, along with licensing and spare parts sales.
- With first-quarter sales and early month results below management’s expectations despite the full-year target of 710,000 vehicles , can you detail the specific corrective measures and timeline planned to achieve these targets in the upcoming quarters?
- Given the strategic integration and the aggressive push into lower-tier markets using the new Zeekr agent model , what risks do you foresee in these markets and how will you mitigate potential impacts on overall sales growth?
- As the upcoming launches of the Zeekr 9X and 8X are expected to bolster margins, what specific strategies are in place to maintain or improve the current vehicle margin levels amidst heavy investment in super electric hybrid technology?
- Considering that R&D expenses have increased by 25% YoY while SG&A expenses have been cut , how do you plan to balance ongoing cost optimization with the need for substantial capital investments in new product development and global expansion?
- In light of the share price trading above the Geely Auto provisional offering price , what factors do you believe have driven this divergence, and how might it influence the group's long-term valuation and investor confidence?
Recent press releases and 8-K filings for ZK.
M&A
- Zeekr Group announced the appointment of Kroll, LLC as its independent financial advisor and Simpson Thacher & Bartlett LLP as its independent legal advisor to evaluate a preliminary going private proposal from its controlling shareholder, Geely Automobile Holdings Limited.
- The Special Committee clarified that no decision has been made regarding the proposal or any alternative strategic transactions at this time.
8 days ago
M&A
- The Board of Directors has established a Special Committee composed of three independent directors to review the non-binding "going private" proposal received from Geely Automobile Holdings Limited.
- Two of the committee members, Miguel A. Lopez Ben and Michael David Ricks, are co-chairmen, ensuring an independent evaluation process.
- The company cautions that no decision has been made regarding the proposal or any alternative strategic options, leaving the outcome uncertain.
May 13, 2025, 12:00 AM
M&A
Takeover Bid
- The Board of Directors received a preliminary non-binding proposal from Geely Automobile Holdings Limited to acquire all Zeekr ordinary shares not already owned by Geely.
- The proposal offers a purchase price of US$2.566 per share (or US$25.66 per ADS), giving shareholders the option to receive cash or 1.23 Geely shares per Zeekr share.
- The proposal is non-binding and subject to due diligence and definitive agreements, with no assurance that a final transaction will occur.
May 8, 2025, 12:00 AM
Product Launch
Revenue Acceleration/Inflection
- Delivered 41,316 vehicles in April 2025, with 13,727 from Zeekr and 27,589 from Lynk & Co, marking a 1.5% increase month-over-month.
- Launched the Zeekr 7GT on April 15, 2025, featuring advanced silicon carbide-powered e-motors with 0-100 km/h acceleration in 2.95 seconds.
- Unveiled the flagship Zeekr 9X luxury SUV at the Shanghai Auto Show and announced a global launch in Q3 2025.
May 1, 2025, 12:00 AM
Product Launch
- Delivery Update: ZEEKR delivered a total of 40,715 vehicles in March 2025 across its Zeekr and Lynk & Co brands. The Zeekr brand delivered 15,422 vehicles (up 18.5% YoY and 9.9% MoM), while Lynk & Co delivered 25,293 vehicles with 28.6% YoY growth and 56.3% of these being NEV models.
- Innovation Highlight: The company unveiled its Zeekr G-Pilot intelligent driving system on March 18, powered by AI and advanced technology, underscoring its leadership in autonomous driving innovation.
Apr 1, 2025, 12:00 AM
M&A
- Unaudited pro forma financial data for the years ended December 31, 2023 and 2024 are presented, detailing revenue, cost structure, net losses, and cash flows in both RMB and US$.
- Strategic integration transactions with Geely Group entities are described, including significant equity acquisitions in LYNK & CO and related capital injection, effectively establishing a 51% ownership.
Mar 20, 2025, 12:00 AM
Revenue Acceleration/Inflection
- Zeekr achieved total vehicle deliveries of 31,277 in February 2025, indicating strong market performance.
- Key breakdown: Zeekr brand delivered 14,039 vehicles (up 86.9% YoY and 17.6% MoM), while Lynk & Co delivered 17,238 vehicles (up 30.5% YoY with 47.9% from NEV models).
Mar 3, 2025, 12:00 AM