Zeekr Reports Third Quarter 2024 Unaudited Financial Results
November 14, 2024 | 09:33 GMT+5:30
Zeekr Intelligent Technology Holding Ltd (Ticker: ZK) reported significant growth in their third-quarter financial results for 2024. The company showed impressive performance in terms of vehicle deliveries, sales, and revenues.
Key Highlights
- Total Vehicle Deliveries: 55,003 units, representing a 51% year-over-year increase.
- Vehicle Sales: RMB 14,401.3 million (approx. US$2,052.2 million) for Q3 2024.
- Total Revenues: RMB 18,358.0 million (approx. US$2,616.0 million) for Q3 2024.
- Net Loss Per Share: RMB 0.48 (Basic and Diluted) for Q3 2024.
Analysis
The impressive growth in vehicle deliveries demonstrates Zeekr's expanding presence in the electric vehicle market. Despite a net loss per share, the company's significant increase in sales and revenues indicates a positive outlook for future growth. Zeekr’s success underscores its competitiveness and resilience in a fast-evolving industry.
Conclusion
Zeekr continues to make significant strides in the electric vehicle market, with a strong growth trajectory and continued focus on scaling its operations. The company's performance for Q3 2024 reflects a bright future ahead, even as it faces the challenges of a competitive market.
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