Shanghai (Gasgoo)- On March 20, ZEEKR Intelligent Technology Holding Limited ("Zeekr Group") announced its financial results for the fourth quarter (Q4) and full year ending December 31, 2024, along with the simulated combined financial performance of its Zeekr and Lynk & Co brands.
In 2024, Zeekr Group, including both brands, recorded total revenue of 113.89 billion yuan, with vehicle sales contributing 94.56 billion yuan. This robust performance was driven by rapid sales growth, with total annual deliveries exceeding 500,000 units. The Zeekr brand delivered over 220,000 vehicles, marking an 87% year-on-year surge, while Lynk & Co reached a record high of over 280,000 units, up nearly 30% from the previous year.
According to the financial results, Zeekr brand's full-year revenue leapt 47% year-on-year to 75.9 billion yuan, with vehicle gross profit margins improving steadily each quarter, reaching 17.3% in Q4 and averaging 15.6% for the year.
On February 14, 2025, Zeekr and Lynk & Co completed their equity restructuring within just three months, formally establishing Zeekr Group. The newly consolidated company aims to enhance profitability through synergies in product development, manufacturing, user engagement, and domestic and international market expansion. For 2025, Zeekr Group has set an ambitious sales target of 710,000 vehicles, aiming for a 40% year-on-year growth rate.
Currently, the Zeekr brand offers six vehicle models, with an average selling price of nearly 300,000 yuan. Popular models such as the Zeekr 001, Zeekr 7X, and Zeekr 009 have been key drivers of its sales momentum.
Meanwhile, Lynk & Co brand saw record-breaking sales of over 280,000 units in 2024, with new energy vehicles accounting for more than 58% of its total volume and cumulative sales exceeding 1.33 million units. The brand also entered a phase of "dual growth in volume and value," with an average transaction price nearing 200,000 yuan per car in 2024.
