According to Zhitong Finance APP, Geely Autos (00175) released the performance of its non-wholly-owned subsidiary ZEEKR Intelligent Technology Holding Limited (zeekr) for the third quarter of 2024, during which the group achieved total revenue of 18.358 billion yuan (RMB, same below), an increase of 30.7% year-on-year; gross profit was 2.942 billion yuan, an increase of 28.5% year-on-year.

In October 2024, the company delivered 25,049 autos, an increase of 92% compared to October 2023.

The automobile sales revenue for the third quarter of 2024 was 14.401 billion yuan, which increased by 42.0% compared to the third quarter of 2023, and increased by 7.2% compared to the second quarter of 2024.

On October 23, 2024, zeekr officially launched the family scenario all-around five-seater zeekr MIX, and simultaneously commenced deliveries. The zeekr MIX redefines travel comfort, perfectly blending spaciousness, excellent safety, and flexible handling. As the first model built on the vast M platform, the zeekr MIX maximizes the use of interior space with its innovative exterior design and capsule shape, achieving a cabin space utilization rate of up to 93%. The 270-degree rotating seats for the driver and front passenger, along with the movable central console, enhance cabin versatility, easily achieving '9+N' space scenario mode switching and flexible seat preset modes.

"In this quarter, our performance remains strong and resilient, with delivery volumes reaching a record high and the successful launch of new models," said zeekr CEO An Conghui. "In the third quarter, we set a new record with auto deliveries reaching 55,003 units, a year-on-year increase of 51%. In October, we once again achieved a delivery milestone, with monthly deliveries reaching 25,049 units. Notably, the zeekr 7X achieved over 20,000 deliveries within 50 days of its launch, achieving remarkable success in the fiercely competitive mainstream SUV market. We continue to expand our product lineup and strengthen the positioning of our models in their respective categories, providing more users with an ultimate driving experience from zeekr, further consolidating zeekr's leading position in the industry."

zeekr's chief financial officer Yuan Jing added, "Our strict cost control measures, combined with continuous product architecture optimization, economies of scale, and technological innovation, have resulted in a year-on-year revenue increase of 30.7%. Quarterly auto sales revenue increased by 42.0% year-on-year, and 7.2% quarter-on-quarter. Meanwhile, the auto profit margin continues to trend upward, reaching 15.7% in the third quarter of 2024, demonstrating our ongoing progress in enhancing profitability. Looking ahead, we will continue to integrate resources, enhance product performance, and expand our influence in the industry to drive our sustained growth."