Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 188

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 188
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 supplement our working capital, and we have no outstanding balance as of December 31, 2024. On November 30, 2022, our subsidiary Ningbo Viridi entered into another 10-year loan with Zhejiang Geely Automobile Manufacturing Co., Ltd. in the total principal amount of RMB1.6 billion to supplement its working capital, and we have no outstanding balance as of December 31, 2024. As of December 31, 2024, we have obtained term loan credit facilities in the total principal amount of RMB27.6 billion from 18 commercial banks, in which RMB14.6 billion is unused. We are also proactively seeking capital resources from other sources, such as independent financing from other financial institutions which we are able to obtain.

102

We believe that our existing cash and cash equivalents, anticipated cash flow from operations and supplemented with available credit facilities, considering the funding requirements for the acquisition of Lynk & Co, will be sufficient to meet our anticipated working capital requirements, and capital expenditures in the ordinary course of business for the next 12 months.
We may, however, need additional cash resources in the future if we experience changes in business condition or other developments, or if we find and wish to pursue opportunities for investments, acquisitions, capital expenditures or similar actions. If we determine that our cash requirements exceed the amount of cash and cash equivalents we have on hand at the time, we may seek to issue equity or debt securities or obtain credit facilities. The issuance and sale of additional equity would result in further dilution to our shareholders. The incurrence of indebtedness would result in increased fixed obligations and could result in operating covenants that would restrict our operations. We cannot assure you that financing will be available in amounts or on terms acceptable to us, if at all.
The following table sets forth a summary of our cash flows for the periods presented.

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​                                                                               ​                                               Year Ended December 31,
​                                                                               ​          2022   ​            2023   ​                            2024
​                                                                                           RMB                 RMB               RMB               US$
​                                                                                                                                        (in thousands)
Net cash (used in)/provided by operating activities                                 (3,523,597)           2,275,333         3,199,256           438,296
Net cash used in investing activities                                               (2,006,947)