Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 193

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 193
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 forth our contractual obligations as of December 31, 2024:

                   ​                      ​       ​       ​           ​           ​         ​        ​         ​        ​       ​   
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​                                         ​   Payment due by period                                                                 
​                                         ​   (RMB in thousands)                                                                    
​                                             ​                                                                              Over 5 
​                                             Total            Less than 1 year        1 – 3 years        4 – 5 years        years  
Operating lease obligations               ​   2,385,974   ​             751,953   ​        826,690   ​    383,382       ​    423,949
Short-term and long-term bank borrowing       444,480                    30,300            414,180        —                  —      
Interest on bank borrowings                   18,110                     13,056              5,054        —                  —      
Capital expenditure commitments               125,361                    36,483             88,878        —                  —      
Total                                     ​   2,973,925   ​             831,792   ​      1,334,802   ​    383,382       ​    423,949
​
In August 2021, we entered into the Sustainable Experience Architecture License Agreement with Geely Holding. In August 2022, February 2023 and January 2024, we entered into the Zeekr Factory Cooperation Framework Agreement with Geely Holding and the Chengdu Factory Cooperation Framework Agreement and Meishan Factory Cooperation Framework Agreement with Geely Group, respectively. In May 2024, we entered into the Chunxiao Factory Cooperation Framework Agreement with Geely Group.
We have contractual obligations to make future payments to Geely Group under the aforementioned agreements or arrangement on the usage of SEA as well as the OEM manufacturing with the Vehicle Manufacturing Factories. We have not included these in the table above because the amounts of these obligations are not fixed or determinable. For details of these collaborations, see “Item 7. Major Shareholders and Related Party Transactions—7.B. Related Party Transactions.”
Except for those disclosed above, we did not have any significant capital or other commitments, long-term obligations, or guarantees as of December 31, 2024.
Off-Balance Sheet Arrangements
We entered into foreign currency forward contracts to protect us against the volatility of future cash flows caused by the changes in foreign exchange rates between RMB and EUR. The notional amount