Zeekr Group, a prominent player in the electric vehicle industry, recently released its delivery figures for June, showcasing a mixed performance for its Zeekr and Lynk & Co brands. In June, the company delivered a total of 43,012 vehicles, marking a 7.58 percent decrease from the previous month.
Specifically, deliveries under the Zeekr brand experienced a notable decline of 16.93 percent year-on-year, with 16,702 vehicles delivered in June. On the other hand, Lynk & Co saw a 7.66 percent increase in deliveries, with 26,310 vehicles hitting the roads.
Looking at the second quarter as a whole, Zeekr Group delivered a total of 130,866 vehicles, representing a 9.28 percent year-on-year increase. The Zeekr brand accounted for 49,337 of these deliveries, experiencing a 9.99 percent decrease compared to the same period last year. In contrast, Lynk & Co delivered 81,529 vehicles in the second quarter, marking a significant 25.54 percent year-on-year growth.
In the first half of the year, Zeekr Group delivered a total of 244,877 vehicles, showcasing a 14.50 percent year-on-year increase. This includes 90,740 vehicles from the Zeekr brand and 154,137 vehicles from Lynk & Co.
The company’s strategic integration of the Zeekr and Lynk & Co brands has been a key focus, with Zeekr acquiring a 51 percent stake in Lynk & Co in November last year. This move has paved the way for a more cohesive and streamlined approach to their operations.
Looking ahead, Zeekr Group has set ambitious targets for growth, aiming to achieve a 40 percent increase in annual sales with a target of 710,000 vehicles by the end of 2025. This vision was reiterated by CEO Andy An in a statement earlier this year.
In a recent development, Geely, a major shareholder in Zeekr Group, has proposed to take the company private. With Geely holding around 65.7 percent of Zeekr’s shares, this potential privatization would see Zeekr becoming a wholly-owned subsidiary of Geely and delisting from the NYSE.
Overall, Zeekr Group’s performance in June reflects a dynamic landscape in the electric vehicle market, with both challenges and opportunities shaping its growth trajectory. As the company continues to innovate and expand its offerings, it remains a key player to watch in the evolving EV industry.
