Zeekr and Lynk & Co have seen a significant increase in vehicle deliveries in the January-November period, with a total of 454,289 vehicles delivered, marking a 51.60 percent year-on-year growth. This surge in deliveries comes after Zeekr integrated Lynk & Co under its umbrella, unveiling a new short-term goal to become a globalized premium luxury new energy vehicle (NEV) group with annual sales reaching 1 million vehicles within two years.
Zeekr, listed on the NYSE under the ticker symbol ZK, is spearheading this ambitious goal with the support of its sister brand, Lynk & Co. Despite the integration, Zeekr’s operating entity remains unchanged as Zeekr Intelligent Technology Holding Limited. The newly formed company, Zeekr Technology Group, now encompasses both the Zeekr and Lynk & Co brands.
Lynk & Co, a joint venture between Geely Auto and Volvo Cars established in 2017, delivered 32,679 vehicles in November alone, marking an 8.73 percent year-on-year increase and a 5.17 percent rise from the previous month. In the January-November period, Lynk & Co delivered a total of 259,356 vehicles, reflecting a 33.31 percent year-on-year growth.
On the other hand, Zeekr, founded in March 2021, has focused on the battery electric vehicle (BEV) segment. The company released its first model, the Zeekr 001, in April 2021, formerly known as the Lynk & Co Zero. Zeekr achieved a record-breaking 27,011 vehicle deliveries in November, marking a 106.13 percent year-on-year increase and a 7.83 percent rise from the previous month. In the January-November period, Zeekr delivered a total of 194,933 vehicles, reflecting an 85.28 percent year-on-year growth.
The integration of Zeekr and Lynk & Co has paved the way for a combined total of 454,289 vehicle deliveries in the January-November period, showcasing a strong 51.60 percent year-on-year growth. While Zeekr has primarily focused on BEVs, Lynk & Co has recently ventured into pure electric models, such as the Z10 sedan, as part of its electrification transition.
In a strategic move, Zeekr acquired a 51 percent stake in Lynk & Co on November 14, with Geely holding the remaining 49 percent. This acquisition aligns with Geely’s Taizhou Declaration, aimed at reducing connected transactions, eliminating peer competition, and driving internal resource integration and convergence.
Overall, the integration of Zeekr and Lynk & Co has positioned the companies for accelerated growth and market expansion, setting the stage for achieving their ambitious goal of reaching 1 million annual sales within two years.
