ZEEKR Intelligent Technology Holding Limited ( ZK ) shares are trading lower on Thursday. The company reported fiscal fourth-quarter revenue of 22.78 billion Chinese Yuan, representing an increase of 39.2% year-on-year.

In USD terms, revenue of $3.12 billion missed the analyst consensus estimate of $3.18 billion.

Total vehicle deliveries were 79,250 units for the fourth quarter of 2024, up 99.8% Y/Y.

Also, the company delivered 31,277 vehicles in February 2025 following the acquisition completion of Lynk & Co. This included 14,039 Zeekr brand vehicles and 17,238 Lynk & Co brand vehicles.

Vehicle sales were 19.30 billion Chinese Yuan ($2.64 billion) for the quarter, representing an increase of 82.2% Y/Y aided by an increase in new product delivery volume.

The vehicle margin was 17.3%, up from 15.3% in the prior year quarter, led by cost reduction.

Revenues from sales of batteries and other components were 1.93 billion Chinese Yuan ($264.5 million) for the quarter, representing a decline of 52.2% Y/Y, owing to lower sales volume and unit price of battery packs and electric drives.

Revenues from research and development services and other services were 1.55 billion Chinese Yuan ($211.7 million) for the quarter, representing a decrease  of 10.5% Y/Y.

The gross margin expanded to 19.0% for the quarter from 14.2% a year ago.

The premium electric vehicle company's adjusted net loss per ADS came in at 3.56 Chinese Yuan. In USD terms, adjusted EPS loss of 49 cents missed the analyst consensus loss estimate of 4 cents.

As of December 31, 2024, cash and cash equivalents and restricted cash stood at 8.96 billion Chinese Yuan ($1.23 billion).

Zeekr Group disclosed it has completed strategic transactions within the Geely group.

It has acquired a 51% stake in LYNK & CO. Zhejiang Zeekr purchased 30% from Volvo Car (China) for 5.4 billion Chinese Yuan ($740 million) and 20% from Geely Holding for 3.6 billion Chinese Yuan ($493 million), alongside a 367 million Chinese Yuan ($50 million) capital injection. The deal closed on February 14, 2025.

Investors can gain exposure to the stock via iShares Self-Driving EV and Tech ETF ( IDRV ) .

Price Action: ZK shares are down 10.4% at $25.30 at the last check Thursday.

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