# EDGAR Filing Document

**Accession Number:** 0001954042
**File Stem:** 0001104659-25-078174
**Filing Date:** 2025-8
**Character Count:** 35119
**Document Hash:** b9edeb12ed18ce1d3832e03ed41d0f9e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-078174.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001104659-25-078174

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250814

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZEEKR Intelligent Technology Holding Ltd
- **CENTRAL INDEX KEY:** 0001954042
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42042
- **FILM NUMBER:** 251214907

**BUSINESS ADDRESS:**
- **STREET 1:** RM2301 BLDG1, DADAO WANGCHAO SHANGWU CTR
- **STREET 2:** YINGFENG ST, XIAOSHAN DISTRICT, HANGZHOU
- **CITY:** ZHEJIANG PROVINCE
- **STATE:** F4
- **ZIP:** 00000
- **BUSINESS PHONE:** 86 400 003 6036

**MAIL ADDRESS:**
- **STREET 1:** RM2301 BLDG1, DADAO WANGCHAO SHANGWU CTR
- **STREET 2:** YINGFENG ST, XIAOSHAN DISTRICT, HANGZHOU
- **CITY:** ZHEJIANG PROVINCE
- **STATE:** F4
- **ZIP:** 00000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of August 2025**

**Commission File Number: 001-42042**

**ZEEKR Intelligent Technology Holding Limited**

**(Exact Name of Registrant as Specified in Its Charter)**

**Room 2301, Building 1, Dadao Wangchao Shangwu Center, Yingfeng Street, Xiaoshan District, Hangzhou, Zhejiang Province, China**

**(Address of Principal Executive Office)**

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ⌧ Form 40-F ◻

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit<br> No.** | **Description** |
| [99.1](tm2523501d1_ex99-1.htm) | [Zeekr Group Reports Second Quarter 2025 Unaudited Financial Results](tm2523501d1_ex99-1.htm) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  | ZEEKR Intelligent Technology Holding Limited | ZEEKR Intelligent Technology Holding Limited | ZEEKR Intelligent Technology Holding Limited |
| Date: August 14, 2025 | By: | /s/ Conghui An | /s/ Conghui An |
|  |  | Name: | Conghui An |
|  |  | Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Zeekr Group Reports Second Quarter 2025 Unaudited Financial Results**

HANGZHOU, China, August 14, 2025 -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced its unaudited financial results for the second quarter ended June 30, 2025.<sup>1</sup>

**<u>Operating Highlights for the Second Quarter of 2025</u>**

---

| | |
|:---|:---|
| 🕐 | Total vehicle deliveries were 130,866 units for the second quarter of 2025, representing a 9.3% year-over-year increase and a 14.8% quarter-over-quarter increase. The Zeekr brand delivered 49,337 vehicles. Meanwhile, the Lynk & Co brand delivered 81,529 vehicles, with 58.8% of deliveries coming from NEV models. |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Deliveries** | **2025 Q2** | **2025 Q2** | **2025 Q1** | **2025 Q1** | **2024 Q4** | **2024 Q4** | **2024 Q3** | **2024 Q3** |
|  |  | 130866 |  | 114011 |  | 169088 |  | 124606 |
| **Deliveries** | **2024 Q2** | **2024 Q2** | **2024 Q1** | **2024 Q1** | **2023 Q4** | **2023 Q4** | **2023 Q3** | **2023 Q3** |
|  |  | 119755 |  | 94115 |  | 120114 |  | 94151 |

---

**<u>Financial Highlights for the Second Quarter of 2025</u>**

· **Vehicle sales** were RMB22,916 million (US$3,199 million)<sup>2</sup> for the second quarter of 2025, representing an increase of 2.2% from
the second quarter of 2024 and an increase of 20.0% from the first quarter of 2025.

· **Vehicle margin<sup>3</sup>** was 17.3% for the second quarter of 2025, compared with 11.5% for the second quarter of 2024 and 16.5% for the
first quarter of 2025.

· **Total revenues** were RMB27,431 million (US$3,829 million) for the second quarter of 2025, representing a decrease of 0.9% from the second
quarter of 2024 and an increase of 24.6% from the first quarter of 2025.

· **Gross profit** was RMB5,656 million (US$789 million) for the second quarter of 2025, representing an increase of 13.3% from the second quarter
of 2024 and an increase of 34.3% from the first quarter of 2025.

· **Gross margin** was 20.6% for the second quarter of 2025, compared with 18.0% for the second quarter of 2024 and 19.1% for the first quarter
of 2025.

· **Income from operations** was RMB285 million (US$39 million) for the second quarter of 2025, compared with RMB2,269 million loss from operations
in the second quarter of 2024 and RMB1,259 million loss from operations in the first quarter of 2025. Excluding share-based compensation
expenses, adjusted income from operations (non-GAAP)<sup>4</sup> was RMB315 million (US$43 million) for the second quarter of 2025,
compared with RMB1,325 million non-GAAP loss from operations in the second quarter of 2024 and RMB1,136 million non-GAAP loss from operations
in the first quarter of 2025.

· **Net loss** was RMB287 million (US$40 million) for the second quarter of 2025, representing a decrease of 88.8% from the second quarter
of 2024 and a decrease of 62.4% from the first quarter of 2025. Excluding share-based compensation expenses, adjusted net loss (non-GAAP)<sup>4</sup>
was RMB257 million (US$36 million) for the second quarter of 2025, representing a decrease of 84.2% from the second quarter of 2024 and
a decrease of 59.8% from the first quarter of 2025.

<sup>1</sup> *All disclosed data (including historical periods) were recast to reflect common-control accounting treatment related to Lynk & Co's acquisition.*

<sup>2</sup> *All conversions from Renminbi("RMB") to U.S. dollars ("US$") were made at an exchange rate of RMB7.1636 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on June 30, 2025.*

<sup>3</sup> *Vehicle margin is the margin of vehicle sales, which is calculated based on revenues and cost of revenues derived from vehicle sales only.*

<sup>4</sup> *The Company's non-GAAP financial measures exclude share-based compensation expenses. See "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this announcement.*

**<u>Key Financial Results for the Second Quarter of 2025</u>**

(in RMB millions, except for percentages)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2025 Q2** | **2025 Q1** | **2024 Q2** | **% Change<sup>i</sup>** | **% Change<sup>i</sup>** |
|  | | | | YoY | QoQ |
| Vehicle sales | **22916** | 19096 | 22433 | 2.2 | 20.0 |
| &nbsp;&nbsp;&nbsp; - Zeekr | **10925** | 9987 | 13438 | (18.7) | 9.4 |
| &nbsp;&nbsp;&nbsp; - Lynk & Co | **11991** | 9109 | 8995 | 33.3 | 31.6 |
| Vehicle margin | **17.3%** | 16.5% | 11.5% | 5.8 | 0.8 |
| &nbsp;&nbsp;&nbsp; - Zeekr | **21.1%** | 21.2% | 14.2% | 6.9 | (0.1) |
| &nbsp;&nbsp;&nbsp; - Lynk & Co | **13.8%** | 11.4% | 7.6% | 6.2 | 2.4 |
| Total revenues | **27431** | 22019 | 27671 | (0.9) | 24.6 |
| Gross profit | **5656** | 4213 | 4994 | 13.3 | 34.3 |
| Gross margin | **20.6%** | 19.1% | 18.0% | 2.6 | 1.5 |
| Income/(loss) from operations | **285** | (1259) | (2269) | N/A | N/A |
| Non-GAAP income/(loss) from operations | **315** | (1136) | (1325) | N/A | N/A |
| Net loss | **(287)** | (763) | (2569) | (88.8) | (62.4) |
| Non-GAAP net loss | **(257)** | (640) | (1625) | (84.2) | (59.8) |

---

*i Except for vehicle margin and gross margin, absolute changes instead of percentage changes are presented.*

**<u>Recent Developments</u>**

**Delivery Update**

In July, Zeekr Group delivered a total of 44,193 vehicles across its Zeekr and Lynk & Co brands, marking a 2.7% increase compared to the previous month. This achievement was made possible by the trust and support of over 2 million users. Specifically, the Zeekr brand delivered 16,977 vehicles, while Lynk & Co brand delivered 27,216 vehicles.

**New Model Launches**

On July 9, 2025, Zeekr debuted its revolutionary Super Hybrid Technologies in Wuzhen, China. This system sets new standards for long-range plug-in hybrid technologies including best-in-class charging and acceleration speeds, as well as luxury noise and vibration control, enhancing both highway cruising and urban experiences. Built on the Company's groundbreaking SEA-S platform, the Zeekr Super Hybrid System features a revolutionary 900V high-voltage architecture, tri-silicon carbide-powered e-motors and a CATL Freevoy Super Hybrid battery. This powerful combination enables passengers to enjoy quiet city journeys and confidently transition to high-performance or long-distance driving, free of range anxiety.

The recently unveiled Zeekr 9X is the first model in the Zeekr lineup to incorporate this technology. Boasting a 70kWh battery pack with a 380km range per CLTC (model specific), as well as an all-new, turbocharged 2.0T engine with peak power output of 205 kW (275 hp) and thermal efficiency over 46%, Zeekr 9X delivers a performance that is normally only found in super luxury premium models. Zeekr 9X will commence deliveries in the third quarter of 2025.

**<u>Financial Results for the Second Quarter of 2025</u>**

**Revenues**

&nbsp;&nbsp;&nbsp;&nbsp;· **Total revenues** were RMB27,431 million (US$3,829 million) for the second quarter of 2025, representing a decrease of 0.9% from
RMB27,671 million for the second quarter of 2024 and an increase of 24.6% from RMB22,019 million for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Revenues from vehicle sales** were
 RMB22,916 million (US$3,199 million) for the second quarter of 2025, representing an increase
 of 2.2% from RMB22,433 million for the second quarter of 2024, and an increase of 20.0% from
 RMB19,096 million for the first quarter of 2025. The year-over-year increase was mainly driven
 by higher sales volume of the Lynk & Co brand, partially offset by lower sales volume
 of the Zeekr brand. The quarter-over-quarter increase was mainly driven by sales growth resulting
 from the launch of new models during the second quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Revenues from other sales and services** were RMB4,515 million (US$630 million) for the second quarter of 2025, representing a decrease
of 13.8% from RMB5,238 million for the second quarter of 2024 and an increase of 54.5% from RMB2,923 million for the first quarter
of 2025. The year-over-year decrease was primarily due to a decrease in R&D revenue from related parties in the second quarter of
2025. The quarter-over-quarter increase was mainly due to the increased overseas sales of battery packs and electric drives since May
2025. 3

**Cost of Revenues and Gross Margin**

&nbsp;&nbsp;&nbsp;&nbsp;· **Cost of revenues** was RMB21,775 million (US$3,040 million) for the second quarter of 2025, representing
 a decrease of 4.0% from RMB22,677 million for the second quarter of 2024 and an increase
 of 22.3% from RMB17,806 million for the first quarter of 2025. The year-over-year decrease
 was primarily attributable to the ongoing vehicle cost-saving initiatives. The quarter-over-quarter
 increase was mainly due to the increased vehicle delivery volume.

· **Gross profit** was RMB5,656 million (US$789 million) for the second quarter of 2025, representing an increase of 13.3% from RMB4,994 million
for the second quarter of 2024 and an increase of 34.3% from RMB4,213 million for the first quarter of 2025.

· **Gross margin** was 20.6% for the second quarter of 2025, compared with 18.0% for the second quarter of 2024 and 19.1% for the first quarter
of 2025.

· **Vehicle margin** was 17.3% for the second quarter of 2025, compared with 11.5% for the second quarter of 2024 and 16.5% for the first quarter
of 2025. The year-over-year and quarter-over-quarter increases were primarily attributed to sustained cost-saving initiatives.

**Operating Expenses**

&nbsp;&nbsp;&nbsp;&nbsp;· **Research and development expenses** were RMB2,146 million (US$300 million) for the second quarter of 2025, representing a decrease
of 42.9% from RMB3,760 million for the second quarter of 2024 and a decrease of 26.2% from RMB2,908 million for the first quarter
of 2025. The year-over-year and quarter-over-quarter decreases were mainly driven by economies of scale resulting from business integration,
partially offset by expanded technological investments for vehicle models.

&nbsp;&nbsp;&nbsp;&nbsp;· **Selling, general and administrative expenses** were RMB3,364 million (US$469 million) for the second quarter of 2025, representing a decrease of 9.7% from RMB3,725 million
for the second quarter of 2024 and an increase of 27.2% from RMB2,645 million for the first quarter of 2025. The year-over-year decrease
was mainly driven by economies of scale generated following the Zeekr and Lynk & Co business integration. The quarter-over-quarter
increase was primarily attributable to higher marketing and advertising expenses to support new vehicle model launches and sales growth.

**Income/(Loss) from Operations**

&nbsp;&nbsp;&nbsp;&nbsp;**·** **Income from operations** was RMB285 million (US$39 million) for the second quarter of 2025,
 compared with RMB2,269 million loss from operations in the second quarter of 2024 and RMB1,259
 million loss from operations in the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Non-GAAP income from operations**, which excludes share-based compensation expenses from
 income/(loss) from operations, was RMB315 million (US$43 million) for the second quarter
 of 2025, compared with RMB1,325 million non-GAAP loss from operations in the second quarter
 of 2024 and RM1,136 million non-GAAP loss from operations in the first quarter of 2025.

**Net Loss and Net Loss Per Share**

&nbsp;&nbsp;&nbsp;&nbsp;· **Net loss** was RMB287 million (US$40 million) for the second quarter of 2025, representing a decrease of 88.8% from RMB2,569 million
for the second quarter of 2024 and a decrease of 62.4% from RMB763 million for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Non-GAAP net loss**, which excludes share-based compensation expenses from net loss, was
 RMB257 million (US$36 million) for the second quarter of 2025, representing a decrease of
 84.2% from RMB1,625 million for the second quarter of 2024 and a decrease of 59.8% from
 RMB640 million for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Net loss attributable to ordinary shareholders of Zeekr Group** was RMB394 million
 (US$55 million) for the second quarter of 2025, representing a decrease of 86.3% from RMB2,876 million
 for the second quarter of 2024 and a decrease of 45.1% from RMB718 million for the first
 quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group**, which excludes
 share-based compensation expenses from net loss attributable to ordinary shareholders, was
 RMB364 million (US$51 million) for the second quarter of 2025, representing a decrease
 of 81.2% from RMB1,932 million for the second quarter of 2024 and a decrease of 38.8% from
 RMB595 million for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;**·** **Basic and diluted net loss per share attributed to ordinary shareholders** were both RMB0.15
 (US$0.02) for the second quarter of 2025, compared with RMB1.25 each for the second quarter
 of 2024 and RMB0.28 each for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Non-GAAP basic and diluted net loss per share attributed to ordinary shareholders** were both RMB0.14 (US$0.02) for the second quarter
of 2025, compared with RMB0.84 each for the second quarter of 2024 and RMB0.23 each for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Basic and diluted net loss per American Depositary Share<sup>5</sup> ("ADS") attributed to ordinary shareholders** were both RMB1.54 (US$0.21) for the second quarter of
 2025, compared with RMB12.49 each for the second quarter of 2024 and RMB2.81 each for the
 first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· **Non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders** were both RMB1.42 (US$0.20) for the second quarter
of 2025, compared with RMB8.39 each for the second quarter of 2024 and RMB2.33 each for the first quarter of 2025.

*<sup>5</sup> Each ADS represents ten ordinary shares.*

**<u>Balance Sheets</u>**

**Cash and cash equivalents and restricted cash** was RMB10,210 million (US$1,425 million) as of June 30, 2025.

**<u>About Zeekr Group</u>**

Zeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain. Zeekr Group's values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider.

For more information, please visit <u>https://ir.zeekrgroup.com</u>.

**<u>Non-GAAP Financial Measures</u>**

The Company uses non-GAAP financial measures, such as non-GAAP income/(loss) from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic and diluted net loss per ordinary share attributed to ordinary shareholders, non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company's operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.

For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and non-GAAP Results" set forth in this announcement.

**<u>Exchange Rate Information</u>**

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.1636 to US$1.00, the exchange rate on June 30, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

**<u>Safe Harbor Statement</u>**

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "future," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any duty to update such information, except as required under applicable law.

**Investor Relations Contact**

In China:

ZEEKR Intelligent Technology Holding Limited

Investor Relations

Email: <u>ir@zeekrlife.com</u>

Piacente Financial Communications

Tel: +86-10-6508-0677

Email: <u>Zeekr@thepiacentegroup.com</u>

In the United States:

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

Email: <u>Zeekr@thepiacentegroup.com</u>

**Media Contact**

Email: <u>Globalcomms@zeekrgroup.com</u>

**ZEEKR INC.**

**UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS**

**(Amounts in millions)**

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
| **ASSETS** |  |  |  |
| **Current assets:** |  |  |  |
| Cash and cash equivalents | 9897 | 8088 | 1129 |
| Restricted cash | 1491 | 2122 | 296 |
| Notes receivable | 12268 | 6618 | 924 |
| Accounts receivable | 2344 | 2873 | 401 |
| Inventories | 10388 | 8007 | 1118 |
| Amounts due from related parties | 9821 | 11036 | 1541 |
| Prepayments and other current assets | 4654 | 5870 | 819 |
| **Total current assets** | **50863** | **44614** | **6228** |
| Property, plant and equipment, net | 10984 | 10502 | 1466 |
| Intangible assets, net | 1346 | 1426 | 199 |
| Land use rights, net | 506 | 500 | 70 |
| Operating lease right-of-use assets | 3008 | 2817 | 393 |
| Deferred tax assets | 340 | 513 | 72 |
| Long-term investments | 688 | 967 | 135 |
| Other non-current assets | 477 | 492 | 69 |
| **Total non-current assets** | **17349** | **17217** | **2404** |
| **TOTAL ASSETS** | **68212** | **61831** | **8632** |

---

**ZEEKR INC.**

**UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)**

**(Amounts in millions)**

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |
| **Current liabilities:** |  |  |  |
| Short-term borrowings | 1353 | 9129 | 1274 |
| Accounts payable | 15899 | 14832 | 2070 |
| Notes payable and others | 23391 | 18056 | 2520 |
| Amounts due to related parties | 19099 | 19523 | 2725 |
| Income tax payable | 98 | 316 | 44 |
| Accruals and other current liabilities | 15455 | 13570 | 1896 |
| **Total current liabilities** | **75295** | **75426** | **10529** |
| Long-term borrowings | 2727 | 7278 | 1016 |
| Operating lease liabilities, non-current | 2137 | 1946 | 272 |
| Other non-current liabilities | 2191 | 2380 | 333 |
| Deferred tax liability | 57 | 58 | 8 |
| **Total non-current liabilities** | **7112** | **11662** | **1629** |
| **TOTAL LIABILITIES** | **82407** | **87088** | **12158** |
| **SHAREHOLDERS' EQUITY** |  |  |  |
| Ordinary shares | 3 | 3 | 0 |
| Paid-in capital in combined companies | 7669 | 0 | 0 |
| Additional paid-in capital | 15763 | 10542 | 1472 |
| Treasury stock | (187) | (193) | (27) |
| Accumulated deficits | (38894) | (34346) | (4795) |
| Accumulated other comprehensive income | (142) | (63) | (9) |
| **Total Zeekr Group shareholders' deficit** | **(15788)** | **(24057)** | **(3359)** |
| Non-controlling interest | 1593 | (1200) | (167) |
| **TOTAL SHAREHOLDERS' DEFICIT** | **(14195)** | **(25257)** | **(3526)** |
| **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | **68212** | **61831** | **8632** |

---

**ZEEKR INC.**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME**

**(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30** | **March 31** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** | **2025** |
|  | **RMB** | **RMB** | **RMB** | **US$** |
| **Revenues:** |  |  |  |  |
| Vehicle sales | 22433 | 19096 | 22916 | 3199 |
| Other sales and services | 5238 | 2923 | 4515 | 630 |
| **Total revenues** | **27671** | **22019** | **27431** | **3829** |
| **Cost of revenues:** |  |  |  |  |
| Vehicle sales | (19847) | (15948) | (18953) | (2646) |
| Other sales and services | (2830) | (1858) | (2822) | (394) |
| **Total cost of revenues** | **(22677)** | **(17806)** | **(21775)** | **(3040)** |
| **Gross profit** | **4994** | **4213** | **5656** | **789** |
| **Operating expenses:** |  |  |  |  |
| Research and development expenses | (3760) | (2908) | (2146) | (300) |
| Selling, general and administrative expenses | (3725) | (2645) | (3364) | (469) |
| Other operating income, net | 222 | 81 | 139 | 19 |
| **Total operating expenses** | **(7263)** | **(5472)** | **(5371)** | **(750)** |
| **(Loss)/income from operations** | **(2269)** | **(1259)** | **285** | **39** |
| Interest expense | (139) | (116) | (108) | (15) |
| Interest income | 103 | 45 | 37 | 5 |
| Other (expense)/income, net | (97) | 593 | (292) | (40) |
| **Loss before income tax expense and share of losses in equity method investments** | **(2402)** | **(737)** | **(78)** | **(11)** |
| Share of income in equity method investments | 86 | 128 | 151 | 21 |
| Income tax expense | (253) | (154) | (360) | (50) |
| **Net loss** | **(2569)** | **(763)** | **(287)** | **(40)** |
| Less: income/(loss) attributable to non-controlling interest | 307 | (45) | 107 | 15 |
| **Net loss attributable to shareholders of Zeekr Group** | **(2876)** | **(718)** | **(394)** | **(55)** |

---

**ZEEKR INC.** 

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (CONTINUED)**

**(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30** | **March 31** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** | **2025** |
|  | **RMB** | **RMB** | **RMB** | **US$** |
| **Net loss per share attributed to ordinary shareholders:** |  |  |  |  |
| Basic and diluted | (1.25) | (0.28) | (0.15) | (0.02) |
| **Weighted average shares used in calculating net loss per share:** |  |  |  |  |
| Basic and diluted | 2301866887 | 2552901668 | 2561060669 | 2561060669 |
| **Net loss per ADS attributed to ordinary shareholders:** |  |  |  |  |
| Basic and diluted | (12.49) | (2.81) | (1.54) | (0.21) |
| **Weighted average ADS used in calculating net loss per ADS:** |  |  |  |  |
| Basic and diluted | 230186689 | 255290167 | 256106067 | 256106067 |
| **Net loss** | **(2569)** | **(763)** | **(287)** | **(40)** |
| **Other comprehensive income/(loss), net of tax of nil:** |  |  |  |  |
| Foreign currency translation adjustments | 109 | 19 | (22) | (3) |
| **Comprehensive loss** | **(2460)** | **(744)** | **(309)** | **(43)** |
| Less: comprehensive income/(loss) attributable to non-controlling interest | 218 | (68) | 107 | 15 |
| **Comprehensive loss attributable to shareholders of Zeekr Group** | **(2678)** | **(676)** | **(416)** | **(58)** |

---

**ZEEKR INC.**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME**

**(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
| **Revenues:** |  |  |  |
| Vehicle sales | 38883 | 42012 | 5865 |
| Other sales and services | 10569 | 7438 | 1039 |
| **Total revenues** | **49452** | **49450** | **6904** |
| **Cost of revenues:** |  |  |  |
| Vehicle sales | (34144) | (34901) | (4872) |
| Other sales and services | (6769) | (4680) | (654) |
| **Total cost of revenues** | **(40913)** | **(39581)** | **(5526)** |
| **Gross profit** | **8539** | **9869** | **1378** |
| **Operating expenses:** |  |  |  |
| Research and development expenses | (6086) | (5054) | (705) |
| Selling, general and administrative expenses | (6638) | (6009) | (839) |
| Other operating income, net | 222 | 220 | 31 |
| **Total operating expenses** | **(12502)** | **(10843)** | **(1513)** |
| **Loss from operations** | **(3963)** | **(974)** | **(135)** |
| Interest expense | (287) | (224) | (31) |
| Interest income | 181 | 82 | 11 |
| Other (expense)/income, net | (237) | 301 | 42 |
| **Loss before income tax expense and share of losses in equity method investments** | **(4306)** | **(815)** | **(113)** |
| Share of income in equity method investments | 177 | 279 | 39 |
| Income tax expense | (355) | (514) | (72) |
| **Net loss** | **(4484)** | **(1050)** | **(146)** |
| Less: income attributable to non-controlling interest | 374 | 62 | 9 |
| **Net loss attributable to shareholders of Zeekr Group** | **(4858)** | **(1112)** | **(155)** |

---

**ZEEKR INC.** 

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (CONTINUED)**

**(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
| **Net loss per share attributed to ordinary shareholders:** |  |  |  |
| Basic and diluted | (2.26) | (0.43) | (0.06) |
| **Weighted average shares used in calculating net loss per share:** |  |  |  |
| Basic and diluted | 2150933444 | 2557003707 | 2557003707 |
| **Net loss per ADS attributed to ordinary shareholders:** |  |  |  |
| Basic and diluted | (22.59) | (4.35) | (0.61) |
| **Weighted average ADS used in calculating net loss per ADS:** |  |  |  |
| Basic and diluted | 215093344 | 255700371 | 255700371 |
| **Net loss** | **(4484)** | **(1050)** | **(146)** |
| **Other comprehensive income, net of tax of nil:** |  |  |  |
| Foreign currency translation adjustments | 247 | (3) | 0 |
| **Comprehensive loss** | **(4237)** | **(1053)** | **(146)** |
| Less: comprehensive income attributable to non-controlling interest | 374 | 39 | 5 |
| **Comprehensive loss attributable to shareholders of Zeekr Group** | **(4611)** | **(1092)** | **(151)** |

---

**ZEEKR INC.**

**UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS** 

**(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30** | **March 31** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** | **2025** |
|  | **RMB** | **RMB** | **RMB** | **US$** |
| (Loss)/income from operations | (2269) | (1259) | 285 | 39 |
| Share-based compensation expenses | 944 | 123 | 30 | 4 |
| **Non-GAAP (loss)/income from operations** | **(1325)** | **(1136)** | **315** | **43** |
| Net loss | (2569) | (763) | (287) | (40) |
| Share-based compensation expenses | 944 | 123 | 30 | 4 |
| **Non-GAAP net loss** | **(1625)** | **(640)** | **(257)** | **(36)** |
| Net loss attributable to ordinary shareholders | (2876) | (718) | (394) | (55) |
| Share-based compensation expenses | 944 | 123 | 30 | 4 |
| **Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group** | **(1932)** | **(595)** | **(364)** | **(51)** |
| **Weighted average number of ordinary shares used in calculating Non-GAAP net loss per share** |  |  |  |  |
| Basic and diluted | 2301866887 | 2552901668 | 2561060669 | 2561060669 |
| **Non-GAAP net loss per ordinary share attributed to ordinary shareholders** |  |  |  |  |
| Basic and diluted | (0.84) | (0.23) | (0.14) | (0.02) |
| **Weighted average number of ADS used in calculating Non-GAAP net loss per ADS** |  |  |  |  |
| Basic and diluted | 230186689 | 255290167 | 256106067 | 256106067 |
| **Non-GAAP net loss per ADS attributed to ordinary shareholders** |  |  |  |  |
| Basic and diluted | (8.39) | (2.33) | (1.42) | (0.20) |

---

**ZEEKR INC.**

**UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS** 

**(Amounts in millions, except share and per share data and otherwise noted)**

---

| | | | |
|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30** | **June 30** | **June 30** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
| Loss from operations | (3963) | (974) | (135) |
| Share-based compensation expenses | 947 | 153 | 21 |
| **Non-GAAP loss from operations** | **(3016)** | **(821)** | **(114)** |
| Net loss | (4484) | (1050) | (146) |
| Share-based compensation expenses | 947 | 153 | 21 |
| **Non-GAAP net loss** | **(3537)** | **(897)** | **(125)** |
| Net loss attributable to ordinary shareholders | (4858) | (1112) | (155) |
| Share-based compensation expenses | 947 | 153 | 21 |
| **Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group** | **(3911)** | **(959)** | **(134)** |
| **Weighted average number of ordinary shares used in calculating Non-GAAP net loss per share** |  |  |  |
| Basic and diluted | 2150933444 | 2557003707 | 2557003707 |
| **Non-GAAP net loss per ordinary share attributed to ordinary shareholders** |  |  |  |
| Basic and diluted | (1.82) | (0.38) | (0.05) |
| **Weighted average number of ADS used in calculating Non-GAAP net loss per ADS** |  |  |  |
| Basic and diluted | 215093344 | 255700371 | 255700371 |
| **Non-GAAP net loss per ADS attributed to ordinary shareholders** |  |  |  |
| Basic and diluted | (18.18) | (3.75) | (0.52) |

---