Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 216

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 7
Chunk 216
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 this arrangement for the use of SEA is calculated through the formula based on the sales volume and the average selling price of vehicles developed on SEA. We are obligated to bear the license fees for SEA and related technologies.
The Sustainable Experience Architecture License Agreement is of no specific term, and will remain in effect until the expiration of the granted technologies or it is terminated upon (i) material breach of either party, (ii) our failure to pay the royalty fees within a pre-agreed period and (iii) the bankruptcy of either party.

119

Transactions with Geely Group
Other transactions or arrangements with Geely Group that are considered to be material include the following:

●   We sold vehicles to Geely Auto in the amount of RMB120.4 million (US$16.5 million) in 2024.
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●   We sold vehicles to entities controlled by ultimate shareholders and their affiliates in the amount of RMB44.5 million, RMB3.7 million and RMB1,074.8 million (US$147.2 million) in 2022, 2023 and 2024, respectively.
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●   We provided research and development services to Geely Holding in the amount of RMB1,656.6 million. RMB2,495.9 million and RMB1,958.3 million (US$268.3 million) in 2022, 2023 and 2024, respectively. These research and development services include the development of a variety of BEV-related technologies and capabilities and specific R&amp;D services on a project basis, among others.
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●   We provided research and development services to Geely Auto in the amount of RMB94.8 million, RMB524.1 million and RMB821.0 million (US$112.5 million) in 2022, 2023 and 2024, respectively.
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●   We sold batteries and other components to Geely Holding in the amount of RMB6,410.9 million, RMB8,461.8 million and RMB8,149.7 million (US$1,116.5 million) in 2022, 2023 and 2024, respectively.
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●   We sold batteries and other components to Geely Auto in the amount of RMB3,466.3 million, RMB5,992.9 million and RMB8,499