Zeekr Group released its Q1 2025 financial report, which is the first quarterly report since the consolidation of ZEEKR and Lynk & Co.
In Q1 2025, the company’s total operating revenue reached 22.019 billion yuan, an increase of 1.1% year-on-year. Among them, automobile sales amounted to 19.096 billion yuan, up by 16.1% year-on-year, becoming the main driving force for revenue growth.
In terms of sales volume, from January to April, Zeekr Group sold 114,011 vehicles, ranking first in China’s new force sales. Among them, ZEEKR brand delivered 41,000 vehicles, up by 25% year-on-year; Lynk & Co. brand sold 73,000 vehicles, up by 19% year-on-year.
The financial report shows that Zeekr Group’s gross margin for vehicles in the first quarter was 16.5%, an increase of 3.4 percentage points year-on-year, with ZEEKR brand’s vehicle gross margin reaching 21.2%; the overall gross margin was 19.1%.
At the same time, ZEEKR continued to increase its R&D investment, with R&D expenses reaching 2.9 billion yuan in the first quarter.
Just a few days before the release of the financial report, ZEEKR announced that its board of directors had established a special committee to assess the privatization proposal put forward by Geely Automobile.
It is reported that Geely Automobile currently holds about 65.7% of ZEEKR’s shares. The privatization plan will acquire all the issued shares of ZEEKR. If the transaction is completed, ZEEKR will be fully merged with Geely Automobile.
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[…] Zeekr Group delivered a total of 114,000 vehicles in the first quarter, up 21.1% year-on-year, of which the Zeekr brand delivered 41,000 units, up 25% year-on-year, and the Lynk & Co brand delivered 73,000 units, up 19% year-on-year; total revenue was 21.96 billion yuan, up 1% year-on-year, with a net loss of 763 million yuan, and the loss narrowed by 60.2% year-on-year.（For full details, click here.） […]