Zeekr (ZK) Shares Rise as Expansion and Record Sales Drive Growth

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Nov 07, 2024

Zeekr (ZK, Financial) saw its shares increase by 4.79% in pre-market trading, reaching $26.24. The company has been expanding its Zeekr House network across the country, with over 110 locations currently established and plans to reach 140 by the end of the year. This expansion is aimed at supporting the sales of six available car models and providing high-quality service to 600,000 to 700,000 users.

Looking ahead to 2025, Zeekr aims to support the sales of eight car models and serve over 1 million users. This strategic growth plan aligns with Zeekr's recent announcement of achieving a record delivery volume of 25,049 units in October. This figure marks a 92% year-over-year increase and a 17% month-over-month rise, maintaining their position in the monthly sales of over 20,000 units.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.