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Aug 21, 2024 6:20 AM

Chinese Luxury EV Company Zeekr Clocks 100% Growth in Q2 Deliveries, Margin Boost Amid Domestic Price War, Tariffs

ZEEKR Intelligent Technology Holding (NYSE: ZK) reported fiscal second-quarter revenue of 20.04 billion Chinese Yuan ($2.76 billion), representing an increase of 58.4% year-on-year, quashing the analyst consensus estimate of $2.60 billion.

The premium electric vehicle company’s adjusted net loss per ADS of $0.75 beat the analyst consensus loss estimate of $1.40.

Total vehicle deliveries were 54,811 units for the second quarter of 2024, up 100% year over year and a 66% increase quarter-over-quarter.

In July 2024, the company delivered 15,655 vehicles, up 30% year over year.

Vehicle ...