GEELY AUTO (00175) released its third quarter performance, with a gross profit of 2.942 billion yuan, a year-on-year increase of 28.5%. The delivery of automobiles reached 55,003 units, setting a new historical record.

GEELY AUTO (00175) announced the performance of its non-wholly owned subsidiary ZEEKR Intelligent Technology Holding Limited (ZEEKR) for the third quarter of 2024. The group achieved total revenue of 18.358 billion yuan, a year-on-year increase of 30.7%; gross profit was 2.942 billion yuan, an increase of 28.5% year-on-year. In October 2024, the company delivered 25,049 vehicles, a 92% increase compared to October 2023. Car sales revenue in the third quarter of 2024 was 14.401 billion yuan, an increase of 42.0% compared to the third quarter of 2023, and an increase of 7.2% compared to the second quarter of 2024. On October 23, 2024, ZEEKR officially launched the ZEEKR MIX, a full-scene family five-seater, and began deliveries simultaneously. ZEEKR MIX redefines the comfort of travel, perfectly integrating spacious space, outstanding safety, and flexible control. As the company's first model built on the vast-M architecture, ZEEKR MIX maximizes the use of interior space with its novel exterior design and capsule shape, achieving a cabin space utilization rate of up to 93%. The main and co-pilot seats can rotate 270 degrees, the movable central console enhances cabin functionality, easily achieving "9+N" space scene mode switching and flexible seat preset modes. "This quarter, our performance has remained strong and resilient, with delivery volume reaching a historic high and the successful release of new models," said ZEEKR CEO An Conghui. "In the third quarter, we set a new record with car deliveries reaching 55,003 vehicles, a 51% year-on-year increase. In October, we once again achieved a delivery milestone with a monthly delivery volume of 25,049 vehicles. It is worth noting that ZEEKR 7X exceeded 20,000 deliveries within 50 days of its release, achieving remarkable success in the competitive mainstream SUV market. We continue to expand our product lineup, strengthen the position of each model in its relevant category, and provide more users with the ultimate driving experience of ZEEKR, further consolidating ZEEKR's industry-leading position." ZEEKR CFO Yuan Jing added, "Our strict cost control measures, along with ongoing product architecture optimization, economies of scale, and technological innovation, have led to a 30.7% year-on-year increase in revenue. Quarterly car sales revenue increased by 42.0% year-on-year and 7.2% quarter-on-quarter. At the same time, the car profit margin continues to rise, reaching 15.7% in the third quarter of 2024, demonstrating our continuous progress in profit improvement. Looking ahead, we will continue to integrate resources, strengthen product performance, expand our industry influence, and further promote our sustainable growth."