- This will be Zeekr's first earnings report without a conference call since its NYSE listing in May 2024, as it is set to complete its privatization in the fourth quarter.
- Zeekr Group delivered 130,866 vehicles in the second quarter, up 9.28 percent year-on-year and up 14.78 percent from the first quarter.
Zeekr Group (NYSE: ZK) will release its second-quarter financial results in a month's time, with no analyst conference call scheduled -- a first for the company.
The electric vehicle (EV) maker announced today that it will release its unaudited financial results for the second quarter ended June 30 on Thursday, August 14, prior to the opening of US stock markets.
Zeekr's brief announcement did not provide further details, including arrangements for an analyst conference call.
Since its listing on the New York Stock Exchange in May 2024, Zeekr has held analyst conference calls following each earnings release.
The latest approach may be due to the company's planned completion of its integration with Geely Automobile Holdings (HKG: 0175) in the fourth quarter and its subsequent delisting from the NYSE.
Zeekr announced yesterday that Geely will acquire all remaining Zeekr shares not already held by it, with Zeekr shareholders having the option to receive cash or exchange their shares for Geely shares as consideration.
The merger is currently expected to be completed in the fourth quarter of 2025, with Zeekr continuing as the surviving entity and becoming a wholly-owned subsidiary of Geely, according to the EV maker's statement.
Zeekr will delist from the NYSE, and its investors can receive $2.687 per ordinary share in cash or 1.23 shares of newly issued Geely ordinary share per Zeekr share, a price higher than the initial offer made on May 7.
Zeekr was established in March 2021 and launched its first model, the Zeekr 001, in April 2021, marking one of Geely's most significant efforts to enter the premium market.
In November last year, the Zeekr brand announced a series of transactions that would grant it a 51 percent stake in sister brand Lynk & Co. On February 14, Zeekr announced the completion of these transactions.
Zeekr Group, which owns both the Zeekr and Lynk & Co brands, delivered 130,866 vehicles in the second quarter, a year-on-year increase of 9.28 percent and a quarter-on-quarter increase of 14.78 percent, according to data compiled by CnEVPost.
The Zeekr brand delivered 49,337 vehicles in the second quarter, a year-on-year decrease of 9.99 percent, but a quarter-on-quarter increase of 19.16 percent.
Lynk & Co delivered 81,529 vehicles in the second quarter, up 25.54 percent year-on-year and 12.29 percent quarter-on-quarter.
