Zeekr (ZK, Financial) experienced a significant stock price increase of 7.5%, reaching $22.51. Financial reports reveal that as of September 30, 2024, Zeekr's cumulative revenue for the first three quarters rose by over 50% year-on-year to 53.13 billion yuan. The revenue from vehicle sales alone exceeded 36 billion yuan, with the third quarter contributing over 14.4 billion yuan, marking a 42% year-on-year increase and a 7% quarter-on-quarter rise. The vehicle gross margin reached a new annual high of 15.7%. The company improved its quarterly profitability, achieving a break-even point under Hong Kong financial reporting standards in the third quarter.
In the first three quarters of 2024, Zeekr delivered nearly 143,000 new vehicles. The third quarter was particularly notable, with deliveries reaching 55,000 units, a 51% increase compared to the previous year. In October, Zeekr's delivery momentum continued, surpassing 25,000 units in a single month, representing a 92% year-on-year increase and a 17% rise from the previous month.
