Zeekr Group, a prominent electric vehicle (EV) maker, is gearing up to release its second-quarter financial results without hosting an analyst conference call for the first time since its listing on the New York Stock Exchange in May 2024. The company is set to complete its privatization in the fourth quarter, which may explain the change in approach.
The upcoming earnings report will provide insights into Zeekr’s performance in the second quarter, during which the company delivered 130,866 vehicles. This marks a 9.28 percent increase year-on-year and a 14.78 percent increase from the previous quarter. The Zeekr brand accounted for 49,337 vehicle deliveries, while sister brand Lynk & Co contributed 81,529 vehicle deliveries.
Zeekr’s decision to forgo the analyst conference call may be linked to its integration plans with Geely Automobile Holdings, a strategic move expected to culminate in the company’s delisting from the NYSE. Geely recently announced its intention to acquire all remaining Zeekr shares, offering shareholders the choice between cash or Geely shares as consideration.
Established in March 2021, Zeekr made a significant impact in the premium EV market with the launch of its first model, the Zeekr 001, in April of the same year. The brand’s acquisition of a majority stake in Lynk & Co further solidified its presence in the industry.
As Zeekr prepares to release its second-quarter financial results on August 14, investors are eager to gain insights into the company’s performance and future prospects. The merger with Geely and the subsequent delisting from the NYSE signal a new chapter for Zeekr, as it continues to innovate and expand its presence in the competitive EV market.
