Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 128

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 4
Chunk 128
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—Risk Related to Our Business and Industry—China’s and global BEV market is highly competitive, and demand for BEVs may be cyclical and volatile.”
Manufacturing, Supply Chain and Quality Control
Manufacturing
We take a lean production approach whereby we aim to optimize the operating efficiency and product quality.

●   For manufacturing of BEVs. Currently, our vehicles are manufactured at the Vehicle Manufacturing Factories. During the vehicle manufacturing process, we are in charge of setting manufacturing targets and plans, conducting vehicle research and development, overall supervision of procurement of raw materials and auto parts and quality control. We have set up specific personnel to closely supervise each of the foregoing key steps, allowing us to retain effective oversight of key manufacturing and procurement processes. See “Item 7. Major Shareholders and Related Party Transactions—7.B. Related Party Transactions” for details. On the other hand, the factories are mainly in charge of (i) procuring and inspecting the raw materials based on our selection, (ii) manufacturing BEVs according to the pre-agreed quality standards in the applicable cooperation framework agreements, and (iii) coordinating with us to conduct on-site quality inspection.
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●   For manufacturing of Ningbo Viridi’s products. Ningbo Viridi’s manufacturing plant is based in Ningbo, Zhejiang, where it holds both production facilities and R&amp;D facilities. The R&amp;D facilities are developed pursuant to a series of high industry standards, making the facilities suitable for conducting researching, testing and development for battery, motor and electronic control system.
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Supply Chain
We purchase assembled vehicles under Cooperation Framework Agreements with Geely Group. During the vehicle manufacturing process, we are responsible for the overall supervision of the procurement of raw materials and auto parts, including supplier selection, material pricing and business negotiation. See also “Item 7. Major Shareholders and Related Party Transactions—7.B. Related Party Transactions.” The suppliers of our raw materials, such as steel, aluminum and lithium battery cells, are primarily located in China, especially in Zhejiang. We believe this arrangement enables us to acquire supplies quickly and reduces the risk of delays related to shipping and importing. Our supply management team works closely with suppliers to ensure the availability of the required supply. As our scale increases, we will be able to better take advantage of economies of scale with respect to pricing.

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As of the date of this annual report, we