ZEEKR Intelligent Technology Holding Limited (ZK) Stock

HANGZHOU, China, Dec. 1, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a leading company in premium electric mobility technology, has shared its delivery figures for November 2024. In that month, ZEEKR delivered 27,011 vehicles, marking a 106% increase compared to the same time last year.

Zeekr's revenue and profits fell short of expectations because of strong price competition among Chinese electric vehicle manufacturers and a sluggish market. The current economic situation in China benefits cheaper EVs, which makes it hard for premium brands like Zeekr to keep their prices and profit margins. Additionally, merging with Lynk & Co., which targets budget-conscious buyers in smaller cities, could put more strain on Zeekr's profitability.

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) will hold its Q3 2024 Earnings Conference Call on November 14, 2024, at 7:00 AM ET. The call will feature company representatives, including CFO Yuan Jing and CEO An Conghui, along with participants from various financial institutions. The operator will begin the call by welcoming everyone.

HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a leading company in premium electric mobility technology, has announced its involvement in strategic integration transactions with various Geely entities. This includes a partnership with Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding"), a limited liability company in China that is fully owned by Mr.

Zeekr, a high-end electric vehicle manufacturer from China, intends to acquire Lynk & Co, which is a brand associated with Geely and Volvo Cars, according to two sources familiar with the situation.

Wall Street analysts have set an average price target for Zeekr (ZK) that suggests it could rise by 27.8%. Although the reliability of this popular measure is debatable, the recent positive changes in earnings estimates could lead to an increase in the stock's value.

In October, Zeekr's deliveries increased by 92% compared to last year, reaching 25,049 vehicles, which is higher than their record from September and brings the total for 2023 to almost 168,000. Xpeng also set a new record for the second month in a row, delivering 23,917 vehicles in October.

The consensus price target hints at a 44.2% upside potential for Zeekr (ZK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Chinese EV maker Zeekr's has begun sales of its first model for Australia - one of two slated for 2024 and both will also launch in New Zealand later this year as it seeks to make Oceania a key overseas market.