Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 179

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 179
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 consultation fees, SEA licensing fee and validation and testing fees, (ii) employee compensation for employees engaged in research, design and development activities, and (iii) other expenses. Costs associated with research and development are expensed as incurred in nature.
We dedicate significant resources towards research and development, and our research and development staff accounted for approximately 43.8%, 44.6% and 43.0% of our total employees as of December 31, 2022, 2023 and 2024, respectively. Our research and development expenses are mainly driven by the stage and scale of our vehicle development and the development of our key software and hardware technologies, as well as the number of our research and development personnel.

97

Selling, general and administrative expenses
Our selling, general and administrative expenses consist primarily of employee compensation, marketing and promotional expenses, rental and related expenses freight and IT consumable, office supply related expenses and professional services among others.
The following table sets forth a breakdown of our selling, general and administrative expenses during the periods indicated, both in the absolute amount and as a percentage of total selling, general and administrative expenses for the periods indicated.

                     ​                         ​       ​       ​    ​    ​        ​       ​    ​    ​        ​       ​        ​       ​    ​ 
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​                                              ​                                                                      Year Ended December 31,
​                                              ​                  2022    ​                  2023    ​                                   2024
​                                                        RMB         %              RMB         %              RMB              US$         %
​                                                                                                          (in thousands, except percentages)
Selling, general and administrative expenses   ​           ​    ​    ​    ​           ​    ​    ​    ​           ​   ​            ​    ​    ​
Employee compensation                              1,541,674      36.3        2,297,230      33.2        3,519,885          482,222      36.5
Marketing and promotional expenses                   867,786      20.4        1,802,339      26.0        1,843,876          252,610      19.1
Rental and related expenses                          558,074      13.1          998,900      14.4        1,445,261          198,000      15.0
Freight                                              320,930       7.6          397