Zeekr Stock Symbol and Chinese EV Market Trends

Zeekr's stock symbol is ZEKR, listed on the Hong Kong Stock Exchange. It's a relatively new player in the electric vehicle (EV) market, but it's gaining traction quickly.

The Chinese EV market is rapidly expanding, with many new players entering the scene. In fact, China's EV sales have been growing at an astonishing rate of 50% per year since 2020.

Zeekr's parent company, Geely, is a well-established player in the automotive industry, having produced over 5 million vehicles worldwide. This experience and expertise will likely help Zeekr navigate the competitive EV market.

The Hong Kong Stock Exchange is a major listing destination for Chinese companies, with many prominent EV players already listed there.

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Zeekr has formally filed for listing in New York under the ticker symbol ZK. It's set to become the fourth new Chinese carmaker to list in the US after Nio, Xpeng, and Li Auto.

Zeekr lost RMB 3.87 billion in the first half of this year, up 25.24 percent year-on-year. The company's revenue for the first half of this year was RMB 21.27 billion, up 136.07 percent from RMB 9.01 billion in the same period last year.

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Zeekr delivered 6,007 vehicles in 2021 and 71,941 in 2022, respectively. As of the end of October, Zeekr had delivered 92,105 vehicles so far this year.

Zeekr's gross margin in the first half of the year was 10.5 percent, up from 9.7 percent in the same period last year. The company's revenue from vehicle sales in 2021 and 2022 was RMB 1.54 billion and RMB 19.67 billion, respectively.

Zeekr's vehicle gross margin in the first half of this year was 12.3 percent, up from 4.7 percent in the same period last year. The company has two other co-founders, Li Donghui and Gui Shengyue, in addition to An Conghui and Li Shufu.

Geely Auto currently owns 54.7 percent of Zeekr, with Geely International (Hong Kong) Limited owning 13.2 percent and GHGK Innovation Limited owning 9.8 percent.

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NIO and XPeng both set monthly sales records in September. Their strong sales figures are a testament to the explosive growth of Chinese EV companies.

The global EV market's growth has slowed, but Chinese EV companies are outperforming. This is evident in the sales records set by NIO and XPeng.

NIO and XPeng are leading the charge in the Chinese EV market. Their success is a result of their innovative products and strategies.

These companies are outperforming the global EV market's growth slowdown. Their sales figures are a clear indication of their strength in the market.

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Despite the bearish EV-sector performance, investors are still eager for Zeekr stock. The EV sector's poor performance this year, with even Tesla down nearly 30% year-to-date, doesn't seem to deter investors from Zeekr.

Zeekr's confidence in its ability to grow fast seems to be a major draw for investors. The company's strong in-house R&D capabilities, deep understanding of products, and flat organization structure enable fast product development and launch.

Investors may be attracted to Zeekr's rapid expansion capabilities, even with a limited operating history.

Zeekr has announced a strategic integration with Geely, a global automaker. This move is significant for Zeekr's growth and expansion plans.

The integration was announced on November 14, 2024, in a press release. No further details about the integration are provided in the announcement.

This partnership is a major development for Zeekr, a global premium electric mobility technology company.

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Analysts are optimistic about ZEEKR Intelligent Technology Holding Limited, with several firms initiating coverage with buy ratings and price targets.

Macquarie initiated coverage with an Outperform rating and a $33 price target, which suggests a positive outlook for the company.

Deutsche Bank recently lifted its price target to $37 from $35, indicating a potential increase in value.

Citigroup initiated coverage with a Buy rating and a $32.40 price target, which may appeal to investors looking for a relatively affordable entry point.

Goldman Sachs and Morgan Stanley also initiated coverage, with Goldman Sachs assigning a Buy rating and a $34 price target, and Morgan Stanley assigning an Overweight rating with a $39 price target.

Here's a summary of the analysts' recommendations:

Investors are eager to get in on Zeekr stock, despite the bearish performance of the EV sector this year.

Zeekr is entering a crowded market, with the number of EV makers in China and elsewhere continuing to grow. This doesn't exactly inspire confidence, especially when you consider that even Tesla, a former EV darling, is down nearly 30% year-to-date.

Zeekr, however, seems confident in its ability to grow fast, thanks to its strong in-house R&D capabilities and flat, efficient organization structure. This allows the company to rapidly expand and launch new products, despite its limited operating history.

Zeekr's revenue has indeed been growing, with a 136.07% increase in the first half of this year compared to the same period last year. The company's revenue for the first half of this year was RMB 21.27 billion, up from RMB 9.01 billion in the same period last year.

Zeekr's gross margin in the first half of the year was 10.5%, up from 9.7% in the same period last year. The company's revenue from vehicle sales in the first half of this year was RMB 13.18 billion, with a vehicle gross margin of 12.3%.