ZEEKR is expected to achieve a single-quarter profit in the US stock market by 2025, becoming the fastest new automotive force to turn profitable in China.
On the evening of March 20th, ZEEKR Technology Group (NYSE: ZK) held a Q4 and annual financial results conference call for 2024. During the meeting, CFO Yuan Jing revealed that with the deep integration of the ZEEKR and Lynk & Co brands, the speed of turning to profitability will significantly increase. The company aims to achieve a single quarter of profitability under US accounting standards in 2025, while also realizing the annual profit target under Hong Kong accounting standards, becoming the fastest new automotive force to turn profitable in China.
The 2024 ZEEKR brand, Lynk & Co brand simulated consolidated financial announcement shows that the total revenue of ZEEKR Technology Group in 2024 was 113.89 billion yuan, a year-on-year increase of 39%, of which, the vehicle revenue was 94.56 billion yuan, a year-on-year increase of 48%. Under Hong Kong accounting standards, excluding the impact of share-based payments, the ZEEKR brand achieved a full-year profit of 214 million yuan in 2024. In 2025, ZEEKR Technology Group will challenge a sales target of 710,000 units, and overall sales revenue will reach a new level.
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