Geekv intelligent technology goes to the US for IPO: In the first half of 2023, the gross profit margin of the whole vehicle increased by 7.6 percentage points year-on-year, reaching 12.3%.

On November 10th, Zeekr Intelligent Technology Holding Limited (referred to as "Zeekr" below) publicly submitted its IPO prospectus to the U.S. Securities and Exchange Commission (SEC). The prospectus revealed that Zeekr plans to list on the New York Stock Exchange under the stock symbol "ZK". Established in March 2021, Zeekr is a Chinese smart electric vehicle technology company that is set to become the "fastest IPO" in the automotive industry, following in the footsteps of "Weilai" as the fourth Chinese smart electric vehicle company to go public in the U.S. Its successful IPO is expected to break the silence in the Chinese electric vehicle market and become a trendsetter. Aside from its speed in going public, Zeekr has also demonstrated its speed in terms of product development, delivery, and profitability. In terms of product development speed, Zeekr has released three new car models within two years of its establishment, with frequent hits. The Zeekr 001 has remained the best-selling electric vehicle model priced above 300,000 RMB, and the recently released Zeekr 001 FR has become the fastest mass-produced electric vehicle. The Zeekr 009 has become the best-selling MPV priced above 500,000 RMB, and the Zeekr X is the only Chinese brand among the top ten best-selling compact cars priced above 200,000 RMB. In terms of delivery speed, Zeekr achieved over 70,000 vehicle deliveries in 2022, becoming the only mainstream new energy vehicle brand to achieve its delivery target. As of the end of October 2023, Zeekr's monthly delivery volume has continued to grow for 9 consecutive months compared to the previous year. Within 24 months of starting deliveries, Zeekr became the fastest luxury pure electric vehicle brand to achieve over 170,000 vehicle deliveries, setting a global record of zero spontaneous combustion incidents. The continuous innovation of Zeekr's products is supported by its ongoing investment in technology research and development. In the first half of 2023, the company invested 3.189 billion RMB in R&D, representing a year-on-year increase of 56.09%. The cumulative R&D investment from 2021 to the first half of 2023 reached 11.795 billion RMB. Thanks to its leading product strength, delivery capabilities, and R&D capabilities, Zeekr has achieved remarkable performance. In 2022, Zeekr achieved a revenue of 31.899 billion RMB, and its revenue in the first half of this year reached 21.27 billion RMB, a year-on-year increase of 136%. Among them, the sales revenue of complete vehicles reached 13.175 billion RMB, a year-on-year increase of 148.75%. In terms of gross profit margin, Zeekr's gross profit margin for complete vehicles in the first half of 2023 reached 12.3%, an increase of 7.6 percentage points compared to the previous year. With its high growth potential, the company is expected to become the earliest and fastest electric vehicle manufacturer to turn a profit after Tesla. In the future, with the gradual release of the company's economies of scale, the strong support of Geely Holding Group, as well as cooperation with upstream and downstream partners in the ecological and industrial chain, Zeekr is expected to solidify its position as the "most promising global automotive technology company".