Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 215

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 7
Chunk 215
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 seek damage from the factories, as applicable, who in turn could seek damages from the responsible suppliers.
The Cooperation Framework Agreements provide for the mechanism to determine the reserved annual production capacity that Geely Group is required to satisfy. We will compensate the factories, as applicable, for the cost related to the difference between the actual production and reserved production capacity based on consultation and confirmation by both parties.
The currently effective Zeekr Factory Cooperation Framework Agreement will expire on December 31, 2025, and the currently effective Chengdu Factory Cooperation Framework Agreement will expire on December 31, 2027. The currently effective Meishan Factory Cooperation Framework Agreement and Chunxiao Factory Cooperation Framework Agreement do not provide a specific expiration date. The Cooperation Framework Agreements can be terminated earlier if (i) any of the parties becomes insolvent, bankrupt or has a change of control, (ii) consented by all parties, or (iii) any of the parties fails to carry out the obligations under the agreement in a timely manner.
Trademarks License Agreement
In July 2021, we entered into a trademarks license agreement with Geely Holding, under which Geely Holding granted us free, sublicensable and exclusive licenses of certain trademarks, such as “Zeekr.” In July 2022, we and Geely Holding entered into a supplemental agreement to the trademarks license agreement, in which we and Geely Holding agreed to update the scope of the licensed trademarks. The term of license for each trademark is identical with the term of effectiveness of such trademark.
The trademarks license agreement is of no specific term, and will remain in effect until the expiration, including the expiration after renewal, of the licensed trademarks or it is terminated if, among other things, (i) there is a change of control upon Zhejiang ZEEKR, (ii) Geely Holding or its associates cease to have any equity interests in Zhejiang ZEEKR, or (iii) such termination is mutually agreed or otherwise required by applicable laws and regulation.
Sustainable Experience Architecture License Agreement
In August 2021, we entered into the Sustainable Experience Architecture License Agreement with Geely Holding. Pursuant to the Sustainable Experience Architecture Agreement, Geely Holding grants to us perpetual, fully paid-up, non-exclusive, non-transferable, non-sublicensable (except for sub-licensing to our related parties), irrevocable and worldwide license to use SEA and related technologies in developing, manufacturing, assembling, selling and maintaining BEV models. The license fee under