Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 173

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 173
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ITEM 5.   OPERATING AND FINANCIAL REVIEW AND PROSPECTS
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You should read the following discussion together with our combined and consolidated financial statements and the related notes included elsewhere in this annual report. This discussion may contain forward-looking statements about our business and operations. Our actual results may differ materially from those we currently anticipate as a result of many factors, including those we describe under “Item 3. Key Information—3.D. Risk Factors” and elsewhere in this annual report.

5.A.   Operating Results
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General Factors Affecting Our Results of Operations
The demand for our BEVs is primarily affected by the following general factors:

●   The growth of China’s and global passenger vehicle market, especially the premium segment;
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●   Penetration rate of BEVs in China and across the globe, which is further affected by the following factors relating to BEVs, among others, (i) overall production costs and ownership costs, (ii) functionality, performance and user experience, (iii) development of technology and level of intelligentization on BEV, and (iv) coverage of charging network;
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●   Laws, regulations, and government policies for BEVs and smart technology functions, including subsidies for BEV purchases, government grants for BEV manufacturers, as well as infrastructure support on expansion of charging network;
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●   Macro factors that influence material costs, manufacturing costs, delivery expense and normal operations associated with BEV manufacturers;
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●   Supply of key components, primarily including chips and batteries used on BEVs; and
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●   The customers’ acceptance of new technologies and brands.
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Changes in any of these general industry conditions could affect our business and results of operations.

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Specific Factors Affecting Our Results of Operations
Besides the general factors affecting China’s BEV market, our business and results of operations are also affected by specific factors, including the following major factors.
Competitiveness and continued expansion of our BEV portfolio
The development and sales of BEVs is our business focus and contribute to an increasing portion of our revenue since the launch of Zeekr 001, our first mass-produced BEV model, in 2021. For details, see “Item 4. Information on the Company—4.A. History and Development of the Company.” Going forward, we target to roll out an expanded product portfolio, including but not limited to robotaxis, to meet various customer demands and preferences