Written by Cláudio Afonso | LinkedIn | X
China’s electric vehicle maker Zeekr announced on Saturday that it has delivered 18,616 vehicles in May, representing an increase of 115 percent year over year and a new record for Geely’s premium brand.
The shares of the EV startup closed 2 percent higher on Friday at $25.20 per share as it continues to rebound from the recent lows of $22 per share.
The result marked the fourth consecutive month of growth in terms of deliveries for the brand after having delivered 13 thousand units in March and over 16 thousand in April. The cumulative deliveries reached 264,397 units as the company approaches the 300,000th milestone.
Zeekr will report its first quarter financial results before the U.S. markets open on June 11 followed by a conference call.
Zeekr has recently became the fourth US-listed electric vehicle manufacturer from China after Polestar, Nio, and Xpeng. Established in China back in 2021, the company needed only three years to debut in the New York Stock Exchange as it plans to expansion in six to eight European countries this year.
Last year, Zeekr reported $7.28 billion in total revenue — an increase of 62 percent year over year — while yearly losses accounted for $1.16 billion. The brand delivered 118,685 vehicles in 2023, up 64.98 percent from the previous year.
Available in Sweden and the Netherlands, the company is also planning the arrival to Latin American countries.
Written by Cláudio Afonso | LinkedIn | X
