Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 17

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 17
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   successfully market our BEVs and our services, including our advanced autonomous driving system, our charging solutions and various value-added services, such as vehicle maintenance and convenient chauffeur service;
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●   improve operating efficiency and economies of scale;
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●   manufacture our BEV products in a safe and cost-efficient manner;
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●   attract, retain and motivate our employees;
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●   anticipate and adapt to changing market conditions, including changes in consumer preferences and competitive landscape; and
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●   navigate a complex and evolving regulatory environment.
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If we fail to address any or all of these risks and challenges, our business may be materially and adversely affected. In addition, our BEVs are highly technical products that require ongoing maintenance and support. As a result, consumers will be less likely to purchase our BEVs now if they are not convinced that our business will succeed or that our operations will continue for many years. Similarly, suppliers and other third parties will be less likely to invest time and resources in developing business relationships with us if they are not convinced that our business will succeed.

10

Our revenues are subject to the sales of BEV models.
Our business substantially depended on the sales and success of our BEV models. Typically, customers would expect an OEM to frequently offer and improve vehicle models. Since our business will depend on our BEV models for the foreseeable future and our product portfolio may further evolve based on the market demand, our sales volume could be materially and adversely affected if a particular model is not well received by the market. Our existing models may also face fluctuations in delivery volume and cannot deliver as much as historical level. The change in product mix may also cause our delivery volume and/or average selling price to change. This could have a material adverse effect on our business, prospects, financial condition and operating results.
Going forward, we plan to launch more new models to enrich our product portfolio and periodically introduce new versions of existing vehicle models. However, we might experience delays in the launch of our new products and services. Therefore, our future sales may be adversely affected to the extent our BEVs do not meet consumer expectations in terms of product variety or upgrade cycles, or cannot be produced pursuant to expected timelines, costs or volume targets.
If we cannot achieve and sustain profitability, our business, financial condition, and operating results may be adversely affected.
We had an unstable and volatile financial performance. Our total revenue increased significantly by RMB24,240.1 million, or approximately 46.9%,