Zeekr Group, the parent company of Zeekr and Lynk & Co brands, continues to show strong growth in vehicle deliveries. In May, the company delivered a total of 46,538 vehicles, marking a 12.64 percent increase from April. This growth trend has been consistent for the past three months, indicating a positive trajectory for the company.
In terms of individual brand performance, Zeekr delivered 18,908 vehicles in May, representing a year-on-year increase of 1.57 percent and a significant month-on-month increase of 37.74 percent. On the other hand, Lynk & Co delivered 27,630 vehicles in May, showing a substantial year-on-year increase of 26.87 percent and a slight month-on-month increase of 0.15 percent.
This delivery announcement comes as part of the ongoing integration of Lynk & Co into Zeekr Group. Since completing the integration, the combined deliveries for both brands have shown a 15.21 percent year-on-year increase. From January to May, Zeekr Group delivered a total of 201,865 vehicles, representing a 19.22 percent year-on-year growth compared to the same period last year.
Looking ahead, Zeekr Group has set ambitious targets for the year 2025, aiming to achieve 40 percent growth and sell 710,000 vehicles annually. This strategic vision was outlined by CEO Andy An in an internal letter, emphasizing the company’s commitment to expansion and market leadership.
In a recent development, Geely Automobile Holdings, the majority shareholder of Zeekr, has proposed to privatize the EV unit. Geely currently holds around 65.7 percent of Zeekr’s shares and aims to make it a wholly-owned subsidiary, potentially delisting it from the New York Stock Exchange. This move is seen as a strategic decision to promote resource integration, reduce costs, and create long-term value for the company.
Zeekr, established in March 2021, has made significant strides in the premium EV market with its flagship model, the Zeekr 001. The company went public on the NYSE in May 2024, becoming the fourth Chinese EV maker to list in the US. With a current market capitalization of $6.68 billion, Zeekr is poised for further growth and expansion in the competitive EV industry.
In a rare collaboration, Zeekr and Nio have recently reached an agreement to share charging facilities, showcasing a spirit of cooperation among direct competitors in the EV market. This partnership underscores the industry’s focus on sustainability and innovation, paving the way for future collaborations and advancements in electric vehicle technology.
