GeeKo (ZK.US) Updates Prospectus on U.S. Stocks: Operating Revenue Exceeds 35.3 billion yuan in the First Three Quarters of 2023, a Year-on-Year Growth of 91.2%.

On November 25, 2023, Beijing time, ZEEKR Intelligent Technology Holding Limited (ZEEKR), stock code "ZK", updated its prospectus for the US stock market, disclosing the financial data and related information for the first three quarters of 2023. The latest prospectus shows that ZEEKR (ZK.US) achieved revenue of 35.315 billion yuan in the first three quarters of 2023, a year-on-year increase of 91.2%. Among them, the revenue from vehicle sales was 23.319 billion yuan, a year-on-year increase of 115.52%. Thanks to the improvement in economies of scale, ZEEKR achieved a gross profit margin of 14.8% for vehicle sales in the first three quarters of 2023, an increase of 2.5 percentage points compared to the first half of the year. In addition, ZEEKR continues to increase its investment in research and development. In the first three quarters of 2023, the company's R&D investment reached 5.207 billion yuan, a year-on-year increase of nearly 50%. Since its establishment in 2021, as of September 30, 2023, ZEEKR's cumulative investment in research and development has reached 13.813 billion yuan. While maintaining a high growth momentum, ZEEKR has also made new progress in product strength and global expansion. On November 17, at the Guangzhou Auto Show, ZEEKR's fourth model, the all-electric luxury sedan ZEEKR 007, officially began pre-sales, with orders exceeding 20,000 units in just 48 hours. The new car will be delivered and launched in January 2024. With more hit products entering the market and continuous technological leadership, ZEEKR's manifestation of economies of scale is expected to be better and stronger. On November 16, ZEEKR's first overseas direct-operated store was officially inaugurated and opened for business in Stockholm, Sweden, further accelerating its global expansion.