Zeekr Group delivered 46,538 vehicles in May, a 12.64% increase from April’s 41,316 units, the company said on Sunday, marking its third straight month of sequential growth.
The Zeekr brand contributed 18,908 units in May, up 1.57% from a year earlier and up 37.74% from April. Deliveries from Lynk & Co reached 27,630 vehicles, rising 26.87% year-on-year and 0.15% month-on-month.
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The May results mark the fourth delivery report since Lynk & Co completed its integration into Zeekr Group earlier this year. Combined, the two brands saw a 15.21% year-on-year increase in deliveries last month.
From January to May, Zeekr Group delivered a total of 201,865 vehicles, a 19.22% rise over the same period last year. Zeekr brand deliveries for the five-month period reached 74,038 units, up 9.26% year-on-year, while Lynk & Co accounted for 127,827 units, up 25.86%.
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In a February 14 internal letter, CEO Andy An outlined the group’s 2025 goal of delivering 710,000 vehicles, a 40% increase from current volumes. “Zeekr brand will continue to focus on premium offerings while expanding global reach,” he said at the time.
Geely Automobile Holdings (HKG: 0175), which owns a 65.7% stake in Zeekr, is moving forward with integration efforts. On May 7, Geely submitted a non-binding proposal to privatize Zeekr, which would result in delisting the EV maker from the New York Stock Exchange. If completed, Zeekr would become a wholly owned Geely subsidiary.
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Geely said the proposal is aimed at “promoting resource integration, avoiding duplicate investments, reducing costs, and creating long-term value.”
Founded in March 2021, Zeekr launched its first vehicle, the Zeekr 001, in April that year. The brand listed on the NYSE on May 10, 2024, becoming the fourth Chinese EV maker to go public in the U.S., following Nio, Li Auto, and Xpeng. Zeekr’s current market capitalization stands at $6.68 billion.
