Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 191

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 191
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ories of RMB1,950.7 million, which was primarily due to the expansion of Ningbo Viridi’s business.

103

Investing Activities
Net cash used in investing activities in 2024 was RMB923.9 million (US$126.6 million), which was primarily attributable to (i) purchases of property, plant and equipment of RMB1,273.3 million (US$174.4 million), primarily due to the increase of leasehold improvement for Zeekr retail stores, production facilities for battery modules, battery pack and electric drive equipment, as well as the mold for vehicle models, (ii) purchase of intangible assets of RMB430.7 million (US$59.0 million), attributable to the purchase of outsourced software, partially offset by the payment received from disposal of long-term investments of RMB536.0 million (US$73.4 million).
Net cash used in investing activities in 2023 was RMB1,958.8 million, which was primarily attributable to (i) purchases of property, plant and equipment of RMB1,568.7 million, primarily due to the increase of leasehold improvement for Zeekr retail stores, as well as production facilities for battery modules, battery pack and electric drive equipment, (ii) purchase of intangible assets of RMB344.7 million, attributable to the purchase of outsourced software, and (iii) the payment for loan to related parties of RMB100.0 million.
Net cash used in investing activities in 2022 was RMB2,006.9 million, which was primarily attributable to (i) purchases of property, plant and equipment of RMB838.1 million, primarily due to increase of leasehold improvement for production facilities and Zeekr retail stores, and purchase of electronic devices and office equipment, and (ii) payment for reorganization of RMB708.6 million, due to our acquisition of Zeekr Tech EU, partially offset by proceeds from disposal of long term investments of RMB9.0 million.
Financing Activities
Net cash used in financing activities in 2024 was RMB2,623.1 million (US$359.4 million), which was primarily attributable to (i) proceeds from initial public offering of RMB3,465.3 million (US$474.8 million), (ii) Proceeds from related party loans of RMB3,000.0 million (US$411.0 million) and (iii