Zeekr achieved a remarkable milestone in May, delivering 18,616 vehicles, marking its second consecutive record-breaking month. This figure surpasses the previous record of 16,089 vehicles delivered in April, showcasing a significant 114.52% year-on-year increase and a 15.71% month-on-month growth.
The company, which has been delivering exceptional results since its inception in April 2021, has now delivered a cumulative total of 264,397 vehicles. In the January-May period alone, Zeekr delivered 67,764 vehicles, representing a remarkable 111.68% year-on-year growth.
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Zeekr’s current lineup includes popular models such as the Zeekr 001, Zeekr 007, Zeekr 009, and Zeekr X, although specific model breakdown figures were not provided in the announcement.
Despite its impressive delivery figures, Zeekr’s market capitalization stood at $6.2 billion as of the last US stock market close, trailing behind competitors such as Xpeng and Nio, which had market capitalizations of $7.85 billion and $11.2 billion, respectively.
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The company’s financial performance in recent years has shown steady growth, with revenues of RMB 6.5 billion ($900 million) in 2021, RMB 31.9 billion in 2022, and RMB 51.7 billion in 2023. However, it also reported net losses of RMB 4.51 billion, RMB 7.66 billion, and RMB 8.23 billion in those respective years.
Despite these losses, Zeekr aims to achieve profitability in 2024 under Hong Kong financial reporting standards, as stated in Geely Auto’s earnings report on March 20.
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In a significant move, Zeekr unveiled the SEA-M architecture at the 2024 Beijing auto show in late April, along with its first model based on this architecture, the Zeekr Mix. The SEA-M architecture, a derivative of the original Sustainable Experience Architecture (SEA), is positioned as Zeekr’s mobility solution, emphasizing ultimate space, vehicle safety, and quick handling.
Zeekr’s investment of more than RMB 7 billion in the SEA-M architecture demonstrates its commitment to innovation and delivering cutting-edge vehicles. While the company did not announce an official launch date for the Zeekr Mix, which entered a regulatory catalog in China in March, the unveiling at the auto show signals an exciting future for Zeekr and its lineup of electric vehicles.
