Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 192

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 192
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) repayment of related party loans of RMB4,100.0 million (US$561.7 million).
Net cash used in financing activities in 2023 was RMB2.7 million, which was primarily attributable to repayment of related party loans of RMB5,375.7 million, offset by proceeds from issuance of preferred shares of RMB5,373.0 million.
Net cash provided by financing activities in 2022 was RMB5,373.3 million, which was primarily attributable to (i) proceeds from related party loans from a subsidiary of Geely Holding of RMB7,800.0 million, and (ii) proceeds from issuance of preferred shares of RMB1,268.4 million, partially offset by repayment of related party loans of RMB3,090.7 million.
Capital Expenditures
We made capital expenditures of RMB919.5 million, RMB1,913.4 million and RMB1,715.4 million in 2022, 2023 and 2024, respectively. In these periods, our capital expenditures were used primarily for our property, plant and equipment, as well as facilities related to sales and marketing activities. Going forward, we expect to make capital expenditures primarily on properties and manufacturing facilities related to Ningbo Viridi and leasehold improvements for our retail stores. Other than what have been included in the capital commitments and contractual obligations discussed below, we do not expect to incur material costs to accomplish these goals.
Commitments
Our capital commitments primarily relate to commitments on construction and purchase of production facilities, equipment and tooling. Total capital commitments contracted but not yet reflected in the combined and consolidated financial statements as of December 31, 2024 were as follows:

               ​                  ​      ​      ​     ​      ​        ​        ​        ​        ​        ​        ​        ​      
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​                                 ​   Payment due by period                                                                        
​                                 ​   ​         ​                Less than 1                                                       
​                                 ​   Total                  ​   year              1 – 3 years       4 – 5 years       Over 5 years
​                                     RMB           US$          RMB                                                               
​                                     (in thousands)                                                                               
Capital expenditure commitments   ​   125,361   ​   17,174   ​   36,483        ​   88,878        ​   —             ​   —           
​

104

Contractual Obligations
The following table sets