Zeekr Vehicle Sales Jump 25%, Cost Cuts Drive Record Margins

ZEEKR Intelligent Technology Holding (NYSE:ZK) reported fiscal first-quarter results connected Thursday. The institution reported quarterly gross of 22.02 billion Chinese yuan, representing an summation of 1.1% year-on-year.

In U.S. dollars, gross of $3.03 cardinal missed the analyst consensus estimation of $3.90 billion.

The Zeekr marque delivered 41,403 vehicles, an summation of 25.2%. Meanwhile, the Lynk & Co marque delivered 72,608 vehicles, signaling a maturation of 18.9%, with 52.4% of deliveries coming from NEV models.

The premium electrical conveyance company’s adjusted nett nonaccomplishment per ADS was 2.33 Chinese yuan. In U.S. dollar terms, the institution reported adjusted nett nonaccomplishment per ADS of 32 cents.

Also Read: Alibaba, BMW Team Up To Bring AI-Powered Smart Assistant In Next-Gen China Cars

Vehicle sales were 19.1 billion Chinese yuan ($2.63 billion) for the quarter, representing an summation of 16.1% Y/Y driven by the summation successful caller exemplary transportation volume, partially offset by the little mean selling terms owed to changes successful merchandise premix and pricing strategy.

The conveyance borderline was 16.5%, up from 13.1% in the anterior twelvemonth quarter, driven by sustained cost-saving initiatives.

Revenues from different income and services declined 45.2% Y/Y to $403 cardinal for the quarter, chiefly owed to the decreased income measurement and portion terms of artillery packs and electrical drives.

The gross borderline expanded to 19.1% for the 4th from 16.3% a twelvemonth ago. Adjusted nett nonaccomplishment was $88 cardinal for the quarter, down by 66.5%.

As of March 31, 2025, currency and currency equivalents and restricted cash stood astatine 9.9 cardinal Chinese yuan ($1.36 billion).

Jing Yuan, CFO, said, “In the archetypal 4th of 2025, enhanced level synergies and disciplined proviso concatenation absorption drove grounds profitability, with our wide conveyance borderline reaching 16.5% and the Zeekr brand’s borderline rising to an unprecedented 21.2%.”

Price Action: ZK shares are trading little 1.04% to $28.48 astatine the past cheque Thursday.

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