Written by Cláudio Afonso | LinkedIn | X
Geely’s premium electric vehicle brand Zeekr reported on Sunday it delivered 27,011 vehicles in November, more than double the figure from a year ago and a new record for the third consecutive month.
As of Saturday, the brand had delivered 194,933 vehicles this year, up 85% when compared to the first eleven months of 2023. To reach its annual target, Zeekr needs to deliver 35,067 vehicles in December.
The brand said on Sunday it is extending its existing incentives in China into December, including zero down payment and zero-interest financing.
Zeekr and Lynk & Co, both brands under the Geely Group, are merging their operations. According to several reports from Chinese media outlets, Polestar, another Geely-owned brand, had begun initial steps to also merge with Zeekr, but those plans have been put on hold.
The company recently released its third-quarter earnings, reporting total revenue of 18.36 billion yuan (around $2.62 billion), up 30.7% year-over-year but down 8.4% compared to the second quarter of 2024.
Vehicle margin reached 15.7%, down from 18.1% reported in the third quarter of 2023 and 14.2% recorded between April and June.
Written by Cláudio Afonso | LinkedIn | X
