Zeekr Group Releases Strong Q1 2025 Financial Results and Growth Updates

Zeekr Group, officially known as ZEEKR Intelligent Technology Holding Limited, has reported its unaudited financial outcomes for the first quarter of 2025, displaying notable growth in its vehicle delivery metrics and overall financial performance. This premium new energy vehicle group, which is publicly traded on the NYSE under the ticker ZK, is making significant strides in the automotive landscape.

Operational Highlights

In the first three months of 2025, Zeekr Group celebrated total vehicle deliveries of 114,011 units. This figure represents a robust year-over-year increase of 21.1%. Breaking this down by brand, the Zeekr nameplate accounted for 41,403 deliveries, marking a 25.2% increase from the previous year, while Lynk & Co achieved 72,608 vehicle deliveries, reflecting an 18.9% improvement. Notably, 52.4% of all deliveries were attributed to New Energy Vehicle (NEV) models, underscoring the group's commitment to sustainable automotive solutions.

This performance contrast against previous quarters highlights the group's positive trajectory, especially when compared to 2024, where the total deliveries in Q1 stood at 94,115 units.

Financial Performance

Zeekr's vehicle sales for Q1 2025 totaled RMB19,096 million (approximately $2,631 million). Despite showing a 16.1% increase compared to the same period last year, it represented a decline of 38.4% from Q4 2024. The challenging market conditions have influenced these fluctuations, with sales outcomes driven by both the introduction of new models and pricing strategies focusing on competitiveness within the NEV market.

The vehicle margin saw a positive advancement, reaching 16.5% in Q1 2025 compared to 13.1% in Q1 2024, and gross profit also saw advancements, totaling RMB4,213 million ($580 million) with a gross margin of 19.1%.

Although operational losses were recorded at RMB1,259 million ($174 million), this was a decrease of 25.7% from the same quarter of the previous year, indicating improved cost management and operational efficiencies. The group is clearly progressing towards enhanced profitability, as evidenced by the improved vehicle margin metrics and overall operational performance.

Upcoming Developments

On the innovation front, Zeekr launched its second shooting brake, the Zeekr 7GT, on April 15, 2025. This vehicle is highlighted by its exceptional performance, boasting 0-100 km/h acceleration in just 2.95 seconds, and comes equipped with advanced silicon carbide-powered e-motors.

Additionally, Zeekr showcased its flagship luxury SUV, the Zeekr 9X, at the Shanghai Auto Show, marking a key milestone as the brand’s initial hybrid model, which further reinforces its commitment to blending luxury with electric vehicle technology. Expected to hit global markets in the third quarter of 2025, this model is anticipated to enhance Zeekr's footprint in the competitive EV segment.

The group has also highlighted the success of its Lynk & Co brand, particularly with the recent launch and commencement of deliveries for the Lynk & Co 900, a versatile family SUV which achieved over 40,000 pre-orders since its announcement in December.

Leadership Insight

Mr. Andy An, CEO of Zeekr Group, expressed enthusiasm regarding the group's trajectory, noting the full integration of the Zeekr and Lynk & Co brands, which has significantly broadened their user base. He emphasized that ongoing technological consolidation aims to enhance profitability, promising a unique future for premium mobility shaped by cutting-edge technology and luxury services.

On the financial side, CFO Mr. Jing Yuan emphasized that disciplined supply chain management and platform synergies contributed to record profitability in Q1 2025. This focus on resource integration is pivotal for optimizing performance and enhancing returns for shareholders as the company navigates its next phase of growth.

Conclusion

With a firm foundation in financial performance and a strong pipeline of groundbreaking vehicles, Zeekr Group is poised for an exciting journey ahead. As they redefine premium new energy mobility, their commitment to innovation and sustainability remains clear, setting comprehensive benchmarks within the automotive industry.