The following is a summary of the ZEEKR Intelligent Technology Holding Limited (ZK) Q3 2024 Earnings Call Transcript:

Financial Performance:

• ZEEKR reported record vehicle sales revenue of RMB 14.4 billion in Q3 2024, attributed to increased delivery volumes.

• The company saw a vehicle margin reach 15.7% in Q3 2024, bolstered by optimized product mix and economies of scale.

• Anticipation of further improvement in Q4 margins, supported by high demand for high-end ZEEKR-009 models.

Business Progress:

• ZEEKR achieved a quarterly record of 55,003 units delivered, with October deliveries alone surpassing 25,000 units.

• Launched 100 ZEEKR houses in September, increasing total to over 110, enhancing domestic sales channels.

• Expanding globally into over 40 countries, covering Europe, Asia, Oceania, Southeast Asia, and Latin America.

• Introduced advanced ADAS and autonomous driving innovations, rolling out SEA Autonomous Driving 2.0 nationwide ahead of schedule.

• ZEEKR to integrate with Lynk & Co, aiming to synergize operations and expand market reach, targeting 1 million units annual sales after integration.

Opportunities:

• Steady global expansion and entering new markets.

• Potential market growth from integration with Lynk & Co, enhancing product offerings and brand positioning.

• Advanced autonomous driving technology and ADAS innovations providing a competitive edge.

• Strategic alignment and resource sharing with Lynk & Co to target broader markets and reduce operating costs.

Risks:

• Integration process with Lynk & Co may involve operational and strategic challenges.

• Managing brand differentiation and customer perceptions post-integration with Lynk & Co.

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