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Zeekr Aims to Reach 1 Million Annual Sales in 2 Years After Integrating Lynk & Co

CnEVPost ·  Dec 3 15:40

In the January-November period, Zeekr and Lynk & Co combined delivered 454,289 vehicles, up 51.60 percent year-on-year.

Zeekr (NYSE: ZK) has unveiled a short-term goal after integrating sister brand Lynk & Co under its umbrella.

The electric vehicle (EV) maker aims to become a globalized premium luxury new energy vehicle (NEV) group with annual sales in the 1 million level in a two-year effort, Zeekr vice president Lin Jinwen said on Weibo today.

Following Zeekr's integration of Lynk & Co, Zeekr's operating entity remains unchanged as Zeekr Intelligent Technology Holding Limited, Lin said.

The new company is referred to as Zeekr Technology Group and has two brands, Zeekr and Lynk & Co, he stated.

Lynk & Co was born in 2017 as a joint venture between Geely Auto and Volvo Cars.

The brand delivered 32,679 vehicles in November, up 8.73 percent year-on-year and up 5.17 percent from October, according to data released by Geely earlier this month.

In the January-November period, Lynk & Co delivered 259,356 vehicles, up 33.31 percent year-on-year.

Zeekr was founded in March 2021 and released its first model, the Zeekr 001, in April 2021, a rebranding of the model previously known as the Lynk & Co Zero.

It delivered a record 27,011 vehicles in November, up 106.13 percent year-on-year and up 7.83 percent from October.

In the January-November period, Zeekr delivered 194,933 vehicles, up 85.28 percent year-on-year.

In the January-November period, Zeekr and Lynk & Co together delivered 454,289 vehicles, up 51.60 percent year-on-year, according to data compiled by CnEVPost.

Over the past few years, Zeekr has focused on the battery electric vehicle (BEV) segment, while Lynk & Co has focused on building plug-in hybrid electric vehicles (PHEVs) and traditional gasoline vehicles.

This year, Lynk & Co has also begun to roll out pure electric models as part of its electrification transition, launching its first BEV model, the Z10 sedan, on September 5, based on the same platform as the Zeekr 001.

On November 14, Zeekr announced a series of deals that would give it a 51 percent stake in Lynk & Co, with the remaining 49 percent held by Geely.

Geely said in a statement at the time that the move was a key initiative of its Taizhou Declaration, which aims to reduce connected transactions, eliminate peer competition and drive internal resource integration and convergence.

Zeekr unveils series of deals that will see it acquire 51% of Lynk & Co

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