Zeekr, the premium electric vehicle (EV) subsidiary of Geely Holding Group, has achieved a significant milestone by delivering a record 55,003 vehicles in the third quarter of 2024. This marks a 51.13 percent increase year-on-year and a 0.35 percent increase from the previous quarter. The company’s impressive performance is a testament to its growing presence in the EV market.
In a recent announcement, Zeekr revealed that it will be reporting its unaudited financial results for the third quarter before the US markets open on Thursday, November 14. Additionally, the company will be hosting an earnings call on the same day to discuss its financial performance and future outlook.
The third quarter deliveries included a record-breaking 21,333 vehicles in September alone, contributing to the overall strong performance for the quarter. In the first nine months of 2024, Zeekr delivered a total of 142,873 vehicles, representing an 80.79 percent increase compared to the same period last year.
Looking ahead, Zeekr has set ambitious targets for the full year, aiming to deliver around 230,000 vehicles by the end of 2024. To achieve this goal, the company will need to maintain an average monthly delivery rate of approximately 29,000 vehicles in the fourth quarter.
The company’s financial results for the second quarter of 2024 were also impressive, with revenue reaching RMB 20.04 billion ($2.8 billion), reflecting a 58.4 percent increase from the same period last year. Zeekr’s gross margin for the quarter was 17.2 percent, showcasing its strong financial performance and operational efficiency.
Zeekr’s success in the EV market is further highlighted by its recent milestone of rolling out the first production cars for its Mix model ahead of the October 23 launch. This achievement underscores the company’s commitment to innovation and excellence in the electric vehicle industry.
In conclusion, Zeekr’s record-breaking deliveries in the third quarter and its strong financial performance demonstrate its position as a leading player in the EV market. With ambitious targets for the full year and a focus on innovation, Zeekr is well-positioned for continued success in the rapidly evolving electric vehicle industry.
