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ZEEKR Intelligent Technology (ZK) investor relations material

ZEEKR Intelligent Technology Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary17 Nov, 2025

Executive summary

  • Total vehicle deliveries reached 140,195 in Q3 2025, up 12.5% year-over-year and 7.1% quarter-over-quarter, with Zeekr and Lynk & Co brands contributing significantly.

  • October 2025 deliveries surged to 61,636 units, a 20.5% increase from the previous month.

Financial highlights

  • Total revenues were RMB31,562 million ($4,434 million), up 9.1% year-over-year and 15.1% quarter-over-quarter.

  • Vehicle sales revenue was RMB26,527 million ($3,726 million), up 7.3% year-over-year and 15.8% quarter-over-quarter.

  • Gross profit reached RMB6,046 million ($850 million), a 37.1% year-over-year increase.

  • Gross margin improved to 19.2% from 15.2% a year ago, but declined from 20.6% in Q2 2025.

  • Net loss was RMB307 million ($43 million), down 84.9% year-over-year but up 7.0% quarter-over-quarter.

  • Adjusted net loss (non-GAAP) was RMB265 million ($37 million), down 86.6% year-over-year.

  • Cash and cash equivalents and restricted cash stood at RMB8,763 million ($1,231 million) as of September 30, 2025.

Outlook and guidance

  • Management highlighted ongoing cost-saving initiatives and new model launches as key drivers for future growth.

  • Forward-looking statements caution about inherent risks and uncertainties impacting future results.

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Frequently asked questions

Zeekr Intelligent Technology Holding Limited is a company focused on the development and sale of battery electric vehicles (BEVs). The company's portfolio includes a range of electric passenger vehicles and SUVs, as well as electric powertrain and battery packs for EVs. Zeekr emphasizes innovation in BEV architecture, hardware, software, and the application of new technologies. Its product lineup features models such as the ZEEKR 001, ZEEKR 001 FR, ZEEKR 009, and ZEEKR X, targeting both luxury and compact segments of the market. The company is headquartered in Ningbo, China, and its shares are listed on the NYSE.

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