Summary by Futu AI
The non-wholly owned subsidiary of Geely Automobile, Zeekr Technology Holdings Limited (Zeekr), announced its unaudited financial results for the third quarter of 2024 on November 14, 2024. In the third quarter of 2024, Zeekr's total automobile deliveries reached 55,003 units, a year-on-year increase of 51%. The financial report shows that the automobile sales revenue for that quarter was 14,401.3 million yuan, an increase of 42.0% year on year, with an automobile gross margin of 15.7%. Total revenue reached 18,358 million yuan, a year-on-year increase of 30.7%, but decreased by 8.4% compared to the previous quarter. The gross margin was 16.0%, slightly lower than 16.3% for the same period last year. Zeekr had an operating loss of 1,216.4 million yuan in that quarter, a decrease of 19.3% year on year, and...Show More