Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 41

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 41
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 our self-owned stores. There can also be no assurance that the local dealers will always comply with their obligations under the applicable agreements and report the sales related information in a timely and accurate manner, which may result in high dealer inventory, high retail price discount and unsatisfactory customer experience. A change in one or more of the factors described above may have a material adverse effect on our business, financial condition and results of operations.
Our future growth is dependent upon consumers’ willingness to adopt NEVs and specifically our BEVs.
The demand for our BEVs and services will highly depend upon the adoption by consumers of NEVs in general and BEVs in particular. The market for NEVs is still rapidly evolving, characterized by rapidly changing technologies, prices and the competitive landscape, evolving government regulation and industry standards and changing consumer demands and behaviors.
Other factors that may influence the adoption of NEVs, and specifically BEVs, include:

●   perceptions about NEV quality, safety, design, performance and cost, especially if adverse events or accidents occur that are linked to the quality or safety of NEVs, whether or not such vehicles are produced by us or other OEMs;
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●   perceptions about vehicle safety in general, in particular safety issues that may be attributed to the use of advanced technologies, such as autonomous driving and battery cells;
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●   the limited range over which NEVs may be driven on a single battery charge and the speed at which batteries can be charged;
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●   the decline of an NEV’s range resulting from deterioration over time in the battery’s ability to hold a charge;
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●   the availability of other types of NEVs, including plug-in hybrid electric vehicles;
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●   improvements in the fuel economy of the internal combustion engine;
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●   the availability of after-sales service for NEVs;
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●   the environmental consciousness of consumers;
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●   access to charging stations, standardization of BEV charging systems and consumers’ perceptions about convenience and cost for charging a BEV;
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●   the availability of tax and other governmental incentives to purchase and operate NEVs or future regulation requiring increased use of nonpolluting vehicles;
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●   perceptions about and the actual cost of alternative fuel; and
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●   macroeconomic factors.
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Any of the factors described above may cause current or potential customers not to purchase our BEVs and use our services. If the market for NEVs does not develop in