ZEEKR's US stock market debut closed up 34.57% on the first day, with a market value exceeding 50 billion

According to Zhitong Finance, on May 11th, the first trading day of ZEEKR (ZK.US) on the New York Stock Exchange ended with a closing stock price of $28.26, a 34.57% increase from the offering price of $21. Intraday gains once exceeded 40%, and the market value briefly reached $7.16 billion (approximately RMB 51.729 billion).

ZEEKR's product portfolio includes models such as ZEEKR 001, ZEEKR 001FR, ZEEKR 009, ZEEKR X, and ZEEKR 007. In the just past April, ZEEKR delivered 16,100 vehicles, a year-on-year increase of 99%. In the first four months of this year, nearly 50,000 vehicles were delivered, a year-on-year increase of 111%, setting a historical record. Currently, ZEEKR's total deliveries have exceeded 240,000 vehicles. In its three years of establishment, it has become one of the top three domestic high-end pure electric vehicle manufacturers with sales over 200,000 yuan.

From 2021 to 2023, the company's revenue is expected to be RMB 6.528 billion, 31.9 billion, and 51.67 billion respectively; gross profit margins are also expected to increase from 1.8%, 4.7% to 15.0%. ZEEKR achieved a positive gross profit margin in its first year of establishment, reaching 15% in 2023, a year-on-year increase of 10.3 percentage points. It is expected to become the earliest and fastest profitable electric vehicle company apart from Tesla (in 2023, Nio, XPeng, Li Auto, and Tesla had gross profit margins of 9.5%, -1.6%, 21.5%, and 18.2% respectively). ZEEKR's listing on the US stock market is expected to further enhance the company's global governance capabilities and bring long-term value of China's high-end new energy globalization development to global investors