Zeekr Earnings

Zeekr Group reported a net loss of RMB 307 million ($43 million) in the third quarter, down 84.9 percent from RMB 2.028 billion in the third quarter 2024.

Zeekr Group delivered 140,195 vehicles in the third quarter, growing 12.51 percent year-on-year.

Zeekr Group reported revenue of RMB 22 billion ($3.03 billion) in the first quarter, up 1.1 percent year-on-year while down 37.8 percent from the fourth quarter.

Zeekr reported a net loss of RMB 821 million ($112 million) in the fourth quarter, a year-on-year decrease of 72.1 percent and down 28.0 percent from the third quarter.

Zeekr saw its net loss decrease by 37.0 percent in the third quarter, while lower battery pack sales dragged down revenue.

Zeekr reported gross margins of 17.2 percent in the second quarter, compared to 12.3 percent in the second quarter of 2023 and 11.8 percent in the first quarter of 2024.

Zeekr posted a narrower first-quarter loss in its first earnings report since its IPO in the US, driving shares up in pre-market trading.