Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 40

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 40
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●   providing customer service and support in these markets;
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●   difficulty with staffing and managing overseas operations;
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●   uncertainties in local markets in developing countries, such as unstable demands and underdeveloped market conditions;
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●   unstable geopolitical environments that generally affect the overseas markets, such as wars, conflicts and regional tensions;
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●   failure to develop appropriate risk management and internal control structures tailored to overseas operations;
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●   difficulty and cost relating to compliance with different commercial and legal requirements of the overseas markets in which we offer or plan to offer our products and services including charging and other electric infrastructures;
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●   failure to obtain or maintain permits for our products or services in these markets;
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●   different safety concerns and measures needed to address accident related risks in different countries and regions;
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●   inability to obtain, maintain or enforce intellectual property rights;
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●   unanticipated changes in prevailing economic conditions and regulatory requirements;
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●   ineligibility for tax credits or other incentives offered by governments in these markets; and
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●   adverse impact from economic sanctions and trade barriers such as export, import and international trade controls, tariffs, taxes and other restrictions and expenses.
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On October 4, 2023, the European Commission published a notice of initiation of EU anti-subsidy investigations into EU imports of BEVs from China (the “EU Subsidy Probe”). Using the sampling method, the European Commission selected Geely Auto as one of the investigation targets of the EU Subsidy Probe, and Geely Auto is actively cooperating with the investigation. However, anti-subsidy investigations, such as the EU Subsidy Probe, or other similar investigations in overseas markets may adversely affect the imports of BEVs from China, such as ours, into overseas markets, and our strategy of expanding into overseas markets may be negatively impacted.
Our potential expansion into international markets will require us to respond timely and effectively to rapid changes in market conditions in the relevant countries. Our success in international expansion depends, in part, on our ability to succeed in different legal, regulatory, economic, environmental, social and political conditions which we have little control over. We may not be able to develop and implement policies and strategies that will be effective in each location where we do business. In addition, we may not be able to monitor the sales of our BEVs operated by local dealers in overseas market as directly and effectively as