ZEEKR Intelligent Tech Group's first financial report shows revenue exceeding 100 billion, with total revenue of 113.9 billion yuan in 2024

On March 20, ZEEKR Intelligent Tech Group announced its financial performance for the fourth quarter and the full year ending December 31, 2024, as well as the simulated consolidated financial announcement for the ZEEKR and Lynk & Co brands in 2024. The report shows that ZEEKR Intelligent Tech Group's total revenue for 2024 reached 113.89 billion yuan, a year-on-year increase of 39%, with vehicle revenue at 94.56 billion yuan, a year-on-year increase of 48%. The impressive financial performance is attributed to the rapid growth in delivery scale of the two brands. In 2024, ZEEKR Intelligent Tech Group's total sales exceeded 500,000 units, with ZEEKR brand sales surpassing 220,000 units, a significant increase of 87%, making it the annual sales champion for luxury pure electric vehicles in China; Lynk & Co brand sales exceeded 280,000 units, a year-on-year increase of nearly 30%, setting a new historical high. According to the financial report, ZEEKR brand's total operating revenue for the entire year of 2024 was 75.9 billion yuan, a year-on-year increase of 47%, with the gross profit margin for vehicles rising quarter by quarter, reaching 17.3% in the fourth quarter of 2024, and an annual gross profit margin of 15.6%. Under Hong Kong accounting standards, excluding the impact of share-based payments, ZEEKR brand is expected to achieve a profit of 214 million yuan in 2024, likely becoming the fastest profitable Chinese new energy vehicle company in the U.S. stock market