What is the service revenue in Zeekr's revenue in 2024?
The following table sets forth a breakdown of the company's revenues, each expressed in the absolute amount and as a percentage of the company's total revenues, for the periods indicated. The company vehicle sales  
Sales of the company batteries and other components  
The company research and development services and other services Revenues increased by 46.9% from RMB51,672.6 million in 2023 to RMB75,912.7 million (US$10,400.0 million) in 2024, which was primarily due to: (i) the company's vehicle sales revenue experienced an increase from RMB33,911.8 million in 2023 to RMB55,315.3 million (US$7,578.2 million) in 2024. The increase in the company's vehicle sales mainly resulted from the increased delivery volume of new products. Compared to 118,685 units of the company vehicles delivered in 2023, the company delivered 222,123 units of the company vehicles in 2024. The increase in the company's vehicle sales revenue was partially offset by the lower average selling price as a result of the changes in product mix and pricing strategy.  
(ii) the company's revenue from sales of batteries and other components grew from RMB14,692.6 million in 2023 to RMB16,793.8 million (US$2,300.7 million) in 2024. The increase was primarily attributed to robust sales volumes in battery and electric drive systems, coupled with a RMB 1,392.5 million (USD 190.8 million) growth in overseas sales of battery components.  
(iii) During the same periods, the revenue generated from the company's research and development services and other services increased from RMB3,068.2 million to RMB3,803.5 million (US$521.1 million). The year-over-year increase was mainly due to the increased sales of vehicle spare parts. [Table Level]
- Table Title: Revenue Breakdown by Operating Activities
- Table Summary: The table provides a detailed breakdown of the company's revenues by operating activities for the years ending December 31, 2022, 2023, and 2024. It distinguishes between vehicle sales, sales of batteries and other components, and research and development services. Each revenue stream is represented in absolute amounts in RMB for all years, and also in USD for the year 2024, alongside their respective percentages of total revenues.
- Context: Prior to the table, there's an explanation that revenues are broken down by nature of operating activities to facilitate understanding of the company's financial performance. The after-table context elaborates on the sources of revenue and main products under each activity.
- Special Notes: Financial figures are in RMB and are also shown in USD for 2024. Percentage columns indicate the proportion of total revenue for each category. Values are in thousands, except percentages.

[Row Level]
Row 1: In 2022, vehicle sales generated revenue of RMB 19,671,247, representing 61.7% of the total revenue. This increased to RMB 33,911,762 in 2023, making up 65.6% of the total revenue, and further to RMB 55,315,306 in 2024, which is 72.9% of the total revenue. In 2024, this equated to USD 7,578,166.

Row 2: Revenues from the sales of batteries and other components were RMB 10,317,822 in 2022, accounting for 32.3% of total revenue. This rose to RMB 14,692,617 in 2023, comprising 28.4% of total revenue, and continued to RMB 16,793,818 in 2024, representing 22.1% of total revenue, equivalent to USD 2,300,744.

Row 3: The company earned RMB 1,910,379 from research and development services and other services in 2022, which was 6.0% of the total revenue. This increased to RMB 3,068,239 in 2023, representing 6.0% of total revenue and further to RMB 3,803,527 in 2024, making up 5.0% of total revenue. The 2024 amount translates to USD 521,081.

Row 4: The total revenue for 2022 was RMB 31,899,448, for 2023 it was RMB 51,672,618, and for 2024 it was RMB 75,912,651, which equals USD 10,399,991. Each year's total revenue is 100.0% of the respective annual revenue. The following table sets forth a breakdown of the company's cost of revenues, expressed in the absolute amount and as a percentage of the company's cost of revenues, for the periods indicated. From 2023 to 2024, the company's cost of revenues increased by 41.6% from RMB44,822.1 million to RMB63,465.2 million (US$8,694.7 million), respectively. This was primarily due to: (i) the company experienced an increase in the cost of revenues associated with vehicle sales in the company's Segment from RMB28,831.6 million in 2023 to RMB46,665.1 million (US$6,393.1 million) in 2024, which is in line with more vehicles delivered in 2024, partially offset by the declining average costs in auto parts and other materials.  
(ii) the company experienced an increase in the cost of revenues associated with sales of batteries and other components in the Viridi Segment from RMB13,808.1 million in 2023 to RMB14,481.1 million (US$1,983.9 million) in 2024, as Ningbo Viridi delivered more battery packs as well as electric drives.  
(iii) During the same periods, the cost of revenues associated with the company's research and development services and other services mainly from the company's Segment and the ZTE Segment increased from RMB2,182.4 million to RMB2,319.1 million (US$317.7 million), which was consistent with the growth trend of vehicle spare parts.
The company had an unstable and volatile financial performance. The company's total revenue increased significantly by RMB24,240.1 million, or approximately 46.9%, from RMB51,672.6 million in 2023 to RMB75,912.7 million (US$10,400.0 million) in 2024. The increase was primarily due to the increase in (i) vehicle sales of RMB21,403.5 million and (ii) sales of batteries and other components of RMB2,101.2 million. The company's total revenue increased significantly by RMB19,773.2 million, or approximately 62.0%, from RMB31,899.4 million in 2022 to RMB51,672.6 million in 2023. The increase was primarily due to the increase in (i) vehicle sales of RMB14,240.5 million and (ii) sales of batteries and other components of RMB4,374.8 million. However, although the company's revenue from vehicle sales and sales of batteries and other components increased significantly, the company might experience volatility or not be able to maintain a similar increase rate, which could adversely affect the company's financial condition and results of operation. Furthermore, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company's net loss decreased by RMB2,473.5 million, where the company recorded a net loss of RMB5,790.6 million (US$793.3 million) in 2024, compared to a net loss of RMB8,264.2 million in 2023. The company incurred a significant increase of RMB609.1 million in net loss and recorded a net loss of RMB8,264.2 million in 2023, compared to a net loss of RMB7,655.1 million in 2022. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. The company's gross profit increased by 81.7% from RMB6,850.5 million in 2023 to RMB12,447.5 million (US$1,705.3 million) in 2024, which was primarily due to (i) an increase in gross profit from vehicle sales from RMB5,080.2 million in 2023 to RMB8,650.3 million (US$1,185.1 million) in 2024; (ii) an increase in gross profit from sales of batteries and other components from RMB884.5 million in 2023 to RMB2,312.7 million (US$316.8 million) in 2024; and (iii) an increase in gross profit from research and development services from RMB885.8 million in 2023 to RMB1,484.5 million (US$203.4 million) in 2024. The company's gross profit margin increased from 13.3% in 2023 to 16.4% in 2024. The increase was mainly attributable to the slight growth of the company's vehicle sales business, which had a higher gross profit margin at 15.6% in 2024. The gross profit and gross profit margin for the company in 2024 were RMB9,948.7 million (US$1,363.0 million) and 17.0%, respectively, compared with RMB5,791.9 million and 16.3% in 2023. The increase was primarily attributed to (i) the increase in delivery volume of the company's vehicles together with changes in pricing strategy to align with market dynamics and (ii) procurement savings due to the declining average costs in auto parts and other materials. For the Viridi Segment, the company recorded RMB954.2 million and RMB2,386.6 million (US$327.0 million) in gross profit and recorded gross profit margins of 5.2% and 13.3% in 2023 and 2024, respectively. The increase was primarily due to the growth in overseas sales of battery components, which had higher average gross margins. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to the company's mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). The company experienced an unstable and volatile revenue performance. The company's total revenue increased significantly by RMB25,371.9 million, or approximately 388.7%, from RMB6,527.5 million in 2021 to RMB31,899.4 million (US$4,625.0 million) in 2022. The increase was primarily due to the rise in (i) vehicle sales of RMB19,671.2 million and (ii) sales of batteries and other components of RMB10,317.8 million. However, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company incurred a significant increase of RMB3,140.8 million in net loss and recorded a net loss of RMB7,655.1 million (US$1,109.9 million) in 2022, compared to a net loss of RMB4,514.3 million in 2021. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. The company's revenue growth may slow down or the company's revenue may decline for a number of reasons, including reduced demand for the company's battery electric vehicles (BEVs), increased competition, or the company's failure to capitalize on growth opportunities. Meanwhile, the company expects overall selling, general and administrative expenses, including employee compensation, marketing, and promotional expenses, to continue to increase in the foreseeable future, as the company plans to hire additional personnel and incur additional expenses in connection with the expansion of the company's business operations. In addition, the company also expects to incur significant additional expenses in relation to professional services as a newly public company. The company experienced an unstable and volatile revenue performance. For example, the company's total revenue increased significantly by RMB25,371.9 million, or approximately 388.7%, from RMB6,527.5 million in 2021 to RMB31,899.4 million (US$4,399.1 million) in 2022. The increase was primarily due to the rise in (i) vehicle sales of RMB19,671.2 million and (ii) sales of batteries and other components of RMB10,317.8 million. However, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company incurred a significant increase of RMB3,140.8 million in net loss and recorded a net loss of RMB7,655.1 million (US$1,055.7 million) in 2022, compared to a net loss of RMB4,514.3 million in 2021. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. The company's revenue growth may slow down or the company's revenue may decline for a number of reasons, including reduced demand for the company's battery electric vehicles (BEVs), increased competition, or the company's failure to capitalize on growth opportunities. Meanwhile, the company expects overall selling, general and administrative expenses, including employee compensation, marketing, and promotional expenses, to continue to increase in the foreseeable future, as the company plans to hire additional personnel and incur additional expenses in connection with the expansion of the company's business operations. In addition, the company also expects to incur significant additional expenses in relation to professional services as a newly public company. The company experienced an unstable and volatile revenue performance. For example, the company's total revenue increased significantly by RMB25,371.9 million, or approximately 388.7%, from RMB6,527.5 million in 2021 to RMB31,899.4 million (US$4,372.2 million) in 2022. The increase was primarily due to the rise in (i) vehicle sales of RMB19,671.2 million and (ii) sales of batteries and other components of RMB10,317.8 million. However, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company incurred a significant increase of RMB3,140.8 million in net loss and recorded a net loss of RMB7,655.1 million (US$1,049.2 million) in 2022, compared to a net loss of RMB4,514.3 million in 2021. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. The company's revenue growth may slow down or the company's revenue may decline for a number of reasons, including reduced demand for the company's battery electric vehicles (BEVs), increased competition, or the company's failure to capitalize on growth opportunities. Meanwhile, the company expects overall selling, general and administrative expenses, including employee compensation, marketing, and promotional expenses, to continue to increase in the foreseeable future, as the company plans to hire additional personnel and incur additional expenses in connection with the expansion of the company's business operations. In addition, the company also expects to incur significant additional expenses in relation to professional services as a newly public company. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by its strong in-house R&D capabilities, high operational flexibility, and flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to its mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). The company experienced an unstable and volatile revenue performance. For example, the company's total revenue increased significantly by RMB25,371.9 million, or approximately 388.7%, from RMB6,527.5 million in 2021 to RMB31,899.4 million (US$4,399.1 million) in 2022. The increase was primarily due to the rise in (i) vehicle sales of RMB19,671.2 million and (ii) sales of batteries and other components of RMB10,317.8 million. However, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company incurred a significant increase of RMB3,140.8 million in net loss and recorded a net loss of RMB7,655.1 million (US$1,055.7 million) in 2022, compared to a net loss of RMB4,514.3 million in 2021. The company cannot assure stakeholders that the company will achieve profitability in the near future as the company is still at an early stage. The company's revenue growth may slow down or the company's revenue may decline for a number of reasons, including reduced demand for the company's battery electric vehicles (BEVs), increased competition, or the company's failure to capitalize on growth opportunities. Meanwhile, the company expects overall selling, general and administrative expenses, including employee compensation, marketing, and promotional expenses, to continue to increase in the foreseeable future, as the company plans to hire additional personnel and incur additional expenses in connection with the expansion of the company's business operations. In addition, the company also expects to incur significant additional expenses in relation to professional services as a newly public company. The company's revenue from vehicle sales amounted to RMB1,544.3 million and RMB19,671.2 million (US$2,712.8 million) in 2021 and 2022, and RMB5,296.7 million and RMB13,175.4 million (US$1,817.0 million) in the six months ended June 30, 2022 and 2023, respectively, with a gross profit margin of 1.8%, 4.7%, 4.7%, and 12.3%, respectively. In addition to vehicle sales, the company generated revenues from research and development services, other services, and sales of batteries and other components. The company's total revenue amounted to RMB6,527.5 million and RMB31,899.4 million (US$4,399.1 million) in 2021 and 2022, and RMB9,012.2 million and RMB21,270.1 million (US$2,933.3 million) in the six months ended June 30, 2022 and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, 9.7%, and 10.5%, respectively. The company recorded a net loss of RMB4,514.3 million and RMB7,655.1 million (US$1,055.7 million) in 2021 and 2022, and RMB3,085.2 million and RMB3,870.6 million (US$533.8 million) in the six months ended June 30, 2022 and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. [Table Level]
- Table Title: Consolidated Balance Sheets as of December 31, 2023 and 2024
- Table Summary: This table presents the consolidated balance sheets for company Intelligent Technology Holding Limited, detailing the accounting figures as of December 31, 2023, and 2024 in RMB, with an additional column converting 2024 figures into USD. It reflects current liabilities and shareholder's deficit with various financial data points compared across the two years.
- Context: The data comes from company's combined and consolidated financial statements, with amounts given in thousands, except for share and per share data. This table is part of a broader financial summary covering multiple years of operation.
- Special Notes: The currency in the table switches from RMB for 2023 and 2024 to USD for 2024, with a note (Note 2(d)) for further clarification.

[Row Level]
Row 1: As of December 31, 2024, company Intelligent Technology Holding Limited had RMB 30,300 and the equivalent of USD 4,151 in this specific financial line item. There is no corresponding figure for December 31, 2023.
Row 2: The line item recorded RMB 4,104,717 for 2023 and slightly decreased to RMB 4,072,312 in 2024. In USD, this amount was 557,904 for 2024.
Row 3: In 2023, company Intelligent Technology Holding Limited reported RMB 5,504,945, which significantly increased to RMB 12,990,599 in 2024. The corresponding amount in USD for 2024 was 1,779,705.
Row 4: For 2023, the account held RMB 16,355,902, whereas in 2024, it reported a decrease to RMB 14,509,628. The USD equivalent for 2024 was 1,987,811.
Row 5: RMB 108,083 was noted in 2023, and this amount reduced to RMB 60,856 in 2024. The equivalent in USD for 2024 was 8,337.
Row 6: As of December 31, 2023, an amount of RMB 6,243,956 was recorded, increasing to RMB 8,478,772 in 2024, with the USD equivalent being 1,161,587.
Row 7: The total for these line items for 2023 was RMB 32,317,603, rising to RMB 40,142,467 in 2024, with the USD figure for 2024 being 5,499,495.
Row 8: There was no figure for 2023, but 2024 recorded RMB 414,180 and USD 56,742 in this line item.
Row 9: The 2023 value was RMB 1,807,159, reduced to RMB 1,491,486 in 2024. This amount in USD for 2024 was 204,333.
Row 10: An amount of RMB 1,100,000 was listed for 2023, with no corresponding 2024 or USD equivalent.
Row 11: The line item read RMB 563,001 in 2023, increasing to RMB 718,164 in 2024, with the USD equivalent being 98,388.
Row 12: In 2023, the figure was RMB 8,337, and it rose to RMB 57,252 in 2024. The USD equivalent was 7,843 for 2024.
Row 13: The total for these line items was RMB 3,478,497 for 2023, decreasing to RMB 2,681,082 in 2024, with the USD for 2024 equating to 367,306.
Row 14: The grand total for all items was RMB 35,796,100 in 2023, increasing to RMB 42,823,549 in 2024, with the USD equivalent for 2024 being 5,866,801. ```
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``` [Table Level]
- Table Title: Revenue Comparison for Nine-Month Periods Ending September 30, 2022, and 2023
- Table Summary: The table presents a comparison of revenues for company Intelligent Technology Holding Limited across two periods ending September 30, 2022, and September 30, 2023. Amounts are provided in RMB and summarized with clear totals for each period.
- Context: The table is part of an analysis in the financial statements, indicating how company Intelligent Technology Holding Limited disaggregates its revenue by major sources and recognizes revenue at certain points in time or over time.
- Special Notes: Figures are noted in thousands of RMB.

[Row Level]
Row 1: For the nine months ended September 30, 2022, company Intelligent Technology Holding Limited recognized a total revenue of 18,467,509 thousand RMB, composed of a primary revenue stream of 18,438,644 thousand RMB and an additional component of 28,865 thousand RMB.
Row 2: For the period ending September 30, 2023, company Intelligent Technology Holding Limited's revenue significantly increased to 35,314,693 thousand RMB, with a main revenue figure of 35,242,260 thousand RMB and supplementary income of 72,433 thousand RMB. [Table Level]
- Table Title: Loss per Share Analysis for the Years Ended December 31, 2022, 2023, and 2024
- Table Summary: This table presents the financial outcomes related to the company's net loss per share for the fiscal years 2022, 2023, and 2024. It details figures for net losses from consolidated entities, net income attributable to non-controlling interests, and the net losses attributable to ordinary shareholders. Additionally, it demonstrates the weighted average number of shares and calculates both basic and diluted net loss per share.
- Context: The context discusses significant financial activities of the Group, including related party transactions and loans, along with their completion and outstanding balances. It also explains the net loss from consolidated entities and provides background on excluded share units and preferred shares affecting net loss per share calculations.
- Special Notes: The amounts are presented in thousands; share data and per share data use specific formatting. The negative values indicate net losses.

[Row Level]
Row 1: In 2022, the net loss from consolidated entities amounted to RMB 7,651,854, which increased to RMB 8,264,191 in 2023, and then decreased to RMB 5,790,649 in 2024.
Row 2: Net income attributable to Ningbo Viridi as a non-controlling interest (NCI) was RMB 278,633 in 2022, then reduced to RMB 82,789 in 2023, and increased significantly to RMB 632,921 in 2024.
Row 3: The net loss attributable to ordinary shareholders of the company was recorded as RMB 7,930,487 in 2022, increased to RMB 8,346,980 in 2023, and reduced to RMB 6,423,570 in 2024.
Row 4: The weighted average number of ordinary shares outstanding, both basic and diluted, remained constant at 2,000,000,000 shares in 2022 and 2023, increasing to 2,353,015,830 shares by 2024.
Row 5: The basic net loss per share attributable to ordinary shareholders of the company was RMB (3.97) in 2022, increased to RMB (4.17) in 2023, and then improved to RMB (2.73) in 2024.
Row 6: Similarly, the diluted net loss per share for ordinary shareholders of the company mirrored the basic calculation: RMB (3.97) in 2022, rising to RMB (4.17) in 2023, and decreasing to RMB (2.73) in 2024. Net loss from consolidated entities represents the net loss generated by each entity acquired as part of the company's Reorganization since the dates of their respective acquisitions. The following table summarizes the company's revenues recognized at a point in time or over time: Revenue recognized at a point in time Revenue recognized over time Total [Table Level]  
- Table Title: Revenue Recognition for the Years Ended December 31, 2022, 2023, and 2024  
- Table Summary: The table presents the revenue recognized by company over three consecutive years, ending on December 31 of 2022, 2023, and 2024. It is divided into two categories: revenue recognized at a point in time and revenue recognized over time.  
- Context: The table's information is crucial for understanding the financial performance of company across distinct fiscal years. Relevant context includes data on treasury shares and contract liabilities affecting the company's balance sheets.  
- Special Notes: The amounts are given in thousands of RMB, and special notations such as underline or bold may indicate total or aggregate figures.  

[Row Level]  
Row 1: For the year ended December 31, 2022, the revenue recognized at a point in time was RMB 31,824,262, while revenue recognized over time was RMB 75,186. The total revenue for 2022 was RMB 31,899,448.  
Row 2: In the year ended December 31, 2023, the revenue recognized at a point in time increased to RMB 51,483,334, and revenue recognized over time rose to RMB 189,284. The total revenue for 2023 was RMB 51,672,618.  
Row 3: By the year ended December 31, 2024, the revenue recognized at a point in time further increased to RMB 75,768,910, with revenue recognized over time increasing to RMB 143,741, resulting in a total revenue of RMB 75,912,651. company Intelligent Technology Holding Limited’s contract liabilities mainly consist of payments received from customers before the transfer of goods and services to its customers. The following table shows a reconciliation in the current reporting period related to accounts receivable and current and non-current contract liabilities: Balance as of January 1, 2022  
Increase, net  
Balance as of December 31, 2022  
Increase, net  
Balance as of December 31, 2023  
Increase (decrease), net  
Ending Balance as of December 31, 2024 [Table Level]  
- Table Title: Reconciliation of Accounts Receivable and Contract Liabilities  
- Table Summary: The table presents a reconciliation of the company's accounts receivable and contract liabilities over multiple periods. It details the balances at the start of the period, the net changes, and the balances at the end of each period.  
- Context: Prior to the table, it is explained that the company's contract liabilities are payments received from customers prior to delivering goods or services. After the table, further descriptions distinguish between current and non-current contract liabilities and their amounts over specific years.  
- Special Notes: All amounts are presented in RMB (Chinese Yuan).  

[Row Level]  
Row 1: As of January 1, 2022, the balance for accounts receivable was RMB 24,208, and for contract liabilities, current and non-current combined, it was RMB 66,527.  
Row 2: By December 31, 2022, accounts receivable increased to RMB 158,581, whereas contract liabilities saw a net increase to reach RMB 425,488.  
Row 3: The balance for accounts receivable reached RMB 1,104,450 by the end of December 31, 2023, with contract liabilities adjusting to RMB 713,098.  
Row 4: The final reported balance as of December 31, 2024, for accounts receivable was RMB 1,744,334, with contract liabilities decreasing to RMB 303,815 after accounting for the net changes throughout the period. Current contract liabilities are reported as accruals and other current liabilities and amount due to related parties on the company's consolidated balance sheets and amounted to RMB 288,282, RMB 497,729, and RMB 241,091 as of December 31, 2022, 2023, and 2024, respectively. The remaining non-current contract liabilities are reported as other non-current liabilities on the company's consolidated balance sheets and amounted to RMB 137,206, RMB 215,369, and RMB 62,724 as of December 31, 2022, 2023, and 2024, respectively. Revenues with amounts of RMB 52,639, RMB 288,282, and RMB 497,729 were recognized in the years ended December 31, 2022, 2023, and 2024, respectively, which were included in the balance of contract liabilities at the beginning of each year. Remaining unsatisfied performance obligations that will be recognized as revenue by the company within the following 12 months are RMB 241,091 as of December 31, 2024, with the remainder recognized thereafter. The company's gross profit from the ZTE segment increased from RMB265.1 million to RMB501.7 million (US$68.7 million), and the gross profit margin increased from 11.7% to 21.3% in 2023 and 2024, respectively. The increase in both gross profit and gross profit margin can be attributed to the increased sales of research and development services to related parties. [Table Level]
- Table Title: Revenue Disaggregation by Major Sources
- Table Summary: The table disaggregates revenue of company into major sources over two six-month periods ending June 30 in 2022 and 2023. It breaks down revenue across categories like vehicle sales, sales of batteries and other components, and research and development services.
- Special Notes: All amounts are presented in thousands of RMB. The underline formatting indicates total sums.

[Row Level]
Row 1: For the six months ended June 30, 2022, vehicle sales generated revenue of RMB 5,296,678, whereas for the corresponding period in 2023, the revenue increased significantly to RMB 13,175,373.
Row 2: Sales of batteries and other components earned company RMB 3,150,722 in the first half of 2022, which rose to RMB 7,365,776 for the same period in 2023.
Row 3: Revenue from research and development services, along with other services, was RMB 564,836 in the first half of 2022 and slightly increased to RMB 728,933 in the first half of 2023.
Row 4: The total revenue for the six months ended June 30, 2022, was RMB 9,012,236, while for the same period in 2023, the total revenue saw a notable increase to RMB 21,270,082. [Table Level]
- Table Title: Revenue for the Six Months Ended June 30, 2022 and 2023
- Table Summary: The table presents the revenue figures for company Intelligent Technology Holding Limited for the six-month periods ending June 30, for the years 2022 and 2023. The revenues are broken down into two components for each period, and then summed to a total amount.
- Context: Prior to the table, the text discusses the distribution preferences for Series Pre-A Preferred Shares before ordinary shares. After the table, further details surrounding company Intelligent Technology Holding Limited’s financial notes and share-based compensation plan are provided.
- Special Notes: All amounts are presented in RMB (Renminbi), and the numbers are shown in thousands.

[Row Level]
Row 1: For the six months ending June 30, 2022, revenue components amounted to RMB 8,998,096 and RMB 14,140, resulting in a total revenue of RMB 9,012,236.
Row 2: For the six months ending June 30, 2023, revenue components were RMB 21,220,056 and RMB 50,026, leading to a total revenue of RMB 21,270,082. The following table summarizes company Group’s revenues recognized at a point in time or over time: [Table Level]
- Table Title: Revenue Recognition Summary for the Years Ended December 31, 2020, 2021, and 2022
- Table Summary: The table presents a breakdown of revenue recognized at a point in time and over time for company Intelligent Technology Holding Limited. It provides detailed financial figures for the fiscal years ending on December 31, 2020, 2021, and 2022, highlighting the gradual increase in revenue over these years.
- Context: The table's context includes information on contract liabilities and company Intelligent Technology Holding Limited's policy on revenue distribution in events of liquidation, emphasizing the financial reporting period's adjustments and performance obligations.
- Special Notes: Revenue figures are presented in thousands of RMB. Special numeric formatting, such as underlining for totals, is used for clarity.

[Row Level]
Row 1: In 2020, company Intelligent Technology Holding Limited recognized revenue of RMB 3,185,065, solely at a point in time, with no revenue recognized over time.
Row 2: In 2021, company Intelligent Technology Holding Limited recognized RMB 6,524,949 in revenue at a point in time and RMB 2,569 over time, bringing the total revenue for the year to RMB 6,527,518.
Row 3: For 2022, company Intelligent Technology Holding Limited recognized a substantial increase in revenue, with RMB 31,824,262 recognized at a point in time and RMB 75,186 over time, totaling RMB 31,899,448 for the year. Revenue recognized at a point in time Revenue recognized over time Total company Intelligent Technology Holding Limited’s contract liabilities mainly consist of payments received from customers before the transfer of goods and services to company Intelligent Technology Holding Limited's customers. The following table shows a reconciliation in the current reporting period related to accounts receivable and current and non-current contract liabilities: Balance as of January 1, 2020  
Increase, net  
Balance as of December 31, 2020  
Increase, net  
Balance as of December 31, 2021  
Increase, net  
Ending Balance as of December 31, 2022 In 2024, the company delivered 222,123 vehicles. As of December 31, 2024, the company cumulatively delivered a total of 418,756 vehicles. The following chart summarizes the monthly deliveries of the company's vehicles by the end of February 2025. [Table Level]
- Table Title: company Vehicle Delivery Volumes by Month
- Table Summary: This table presents the delivery volumes of company vehicles on a monthly basis from January 2024 to February 2025. It highlights the scaling production capability and growing market reach of the company brand during this time frame.
- Context: The context before the table emphasizes company's premium brand image, technological capabilities, and the strategic expansion into the international market, along with insights into the overall delivery achievements up to December 2024. After the table, specific vehicle brands contributing to delivery numbers, including the acquisition of Lynk & Co, are discussed.
- Special Notes: The delivery figure for February 2025 includes 14,039 company vehicles and 17,238 Lynk & Co vehicles following the acquisition of Lynk & Co.

[Row Level]
Row 1: In February 2025, the delivery volume was 31,277 units.
Row 2: In January 2025, the delivery volume was 11,942 units.
Row 3: In December 2024, the delivery volume was 27,190 units.
Row 4: In November 2024, the delivery volume was 27,011 units.
Row 5: In October 2024, the delivery volume was 25,049 units.
Row 6: In September 2024, the delivery volume was 21,333 units.
Row 7: In August 2024, the delivery volume was 18,015 units.
Row 8: In July 2024, the delivery volume was 15,655 units.
Row 9: In June 2024, the delivery volume was 20,106 units.
Row 10: In May 2024, the delivery volume was 18,616 units.
Row 11: In April 2024, the delivery volume was 16,089 units.
Row 12: In March 2024, the delivery volume was 13,012 units.
Row 13: In February 2024, the delivery volume was 7,510 units.
Row 14: In January 2024, the delivery volume was 12,537 units. Including 14,039 company brand vehicles and 17,238 Lynk & Co brand vehicles following the completion of the Lynk & Co acquisition in February 2025. [Table Level]
- Table Title: company Intelligent Technology Holding Limited Condensed Statements of Operations and Comprehensive Loss
- Table Summary: The table provides a detailed breakdown of the financial performance of company Intelligent Technology Holding Limited for the years ending December 31, 2021, 2022, and 2023, including losses from operations, interest income, income before income tax, and comprehensive loss. Data is presented in thousands, excluding per share data unless noted otherwise.
- Context: Prior to this table, the document indicates there have been no subsequent events requiring changes to the financial statements as of March 20, 2024. Following the table, there are sections on cash flow statements and notes to financial statements which elucidate regulatory compliance and financial disclosure requirements.
- Special Notes: Amounts are in thousands and exclude share and per share data unless noted. Negative values indicate losses or expenses.

[Row Level]
Row 1: For 2021, the general and administrative expenses are not specified; for 2022, they were $1,800 thousand; in 2023 they reached $11,237 thousand, and for 2024 they decreased to $1,583 thousand.
Row 2: In 2021, the loss from operations is not given; estimated at $1,800 thousand in 2022, $11,237 thousand in 2023, and $1,583 thousand in 2024.
Row 3: In 2021, interest income was $2,240 thousand, rising to $6,268 thousand in 2022, $25,513 thousand in 2023, and declining to $3,593 thousand in 2024.
Row 4: Other (expenses) income, net was $(152) thousand in 2021 and changed to $1,826 thousand in 2022, $54,782 thousand in 2023, and $7,716 thousand in 2024.
Row 5: Income before income tax expense in 2021 was $2,088 thousand, increased to $6,294 thousand in 2022, $69,058 thousand in 2023, and further increased to $9,726 thousand in 2024.
Row 6: Equity in loss of subsidiaries was $(4,364,657) thousand for 2021, $(7,940,073) thousand in 2022, $(8,416,038) thousand in 2023, and $(1,185,374) thousand in 2024.
Row 7: Net loss for 2021 was $(4,362,569) thousand, decreased to $(7,933,779) thousand by 2022, $(8,346,980) thousand in 2023, and $(1,175,648) thousand in 2024.
Row 8: Other comprehensive (loss) income, net of tax of nil was $(103,405) thousand in 2021; increased to $14,556 thousand in 2022, $49,765 thousand in 2023, before decreasing to $7,009 thousand in 2024.
Row 9: The foreign currency translation adjustment, net tax of nil in 2021 was $(103,405) thousand; changed to $14,556 thousand in 2022, $49,765 thousand in 2023, and was $7,009 thousand in 2024.
Row 10: Total other comprehensive (loss) income in 2021 was $(103,405) thousand, increasing to $14,556 thousand by 2022, $49,765 thousand in 2023, and down to $7,009 thousand in 2024.
Row 11: Total comprehensive loss in 2021 was $(4,465,974) thousand, changing to $(7,919,223) thousand in 2022, $(8,297,215) thousand in 2023, and reducing to $(1,168,639) thousand in 2024. [Table Level]  
- Table Title: Revenue Disaggregation by Major Sources  
- Table Summary: The table provides an analysis of revenues generated by company Intelligent Technology Holding Limited, categorized by major revenue sources over three years, 2021, 2022, and 2023. These sources include vehicle sales, sales of batteries and other components, and research and development services and other services, highlighting significant growth over the period.  
- Context: Prior to the table, the text explains the distribution preferences for Series Pre-A Preferred Shares, indicating that asset allocation occurs before any distribution to Ordinary Share holders, and discusses future revenue recognition based on unsatisfied performance obligations.  
- Special Notes: Revenue amounts are listed in thousands of RMB, and totals are underlined for emphasis, indicating these are key figures.  

[Row Level]  
Row 1: In 2021, revenue from vehicle sales was RMB1,544,320 thousand, significantly increasing to RMB19,671,247 thousand in 2022 and further to RMB33,911,762 thousand in 2023.  
Row 2: Sales from batteries and other components contributed RMB2,128,193 thousand in revenue in 2021, rising to RMB10,317,822 thousand in 2022, and reaching RMB14,692,617 thousand in 2023.  
Row 3: Revenue from research and development services and other services was RMB2,855,005 thousand in 2021, decreased to RMB1,910,379 thousand in 2022, and slightly increased to RMB3,068,239 thousand in 2023.  
Row 4: The total revenue for the year ended 2021 was RMB6,527,518 thousand, which grew to RMB31,899,448 thousand in 2022, and increased to RMB51,672,618 thousand in 2023. The following table summarizes company Intelligent Technology Holding Limited’s revenues recognized at a point in time or over time: [Table Level]  
- Table Title: Annual Revenue Distribution for company Intelligent Technology Holding Limited  
- Table Summary: The table details the annual revenues generated by company Intelligent Technology Holding Limited for the years 2021, 2022, and 2023, in thousands of RMB. Each year's revenue total is presented alongside additional specific financial figures contributing to that year's total.  
- Context: The table is part of a broader financial document that discusses company Intelligent Technology Holding Limited's distribution of assets and contract liabilities. Specifically, it highlights how revenue is recognized at different times.  
- Special Notes: All amounts are presented in thousands of RMB. The table indicates financial figures were recognized at points in time or over time.  

[Row Level]  
Row 1: In the year 2021, company Intelligent Technology Holding Limited generated RMB6,524,949 in revenue, accompanied by RMB2,569 from other recognized sources, resulting in a total revenue of RMB6,527,518.  
Row 2: For the year 2022, company Intelligent Technology Holding Limited recognized a revenue of RMB31,824,262, with an additional RMB75,186 from another financial source, leading to a sum of RMB31,899,448 in total revenue.  
Row 3: By the end of 2023, company Intelligent Technology Holding Limited reported revenue of RMB51,483,334, along with RMB189,284 from additional financial figures, culminating in a total of RMB51,672,618 in revenue. company Intelligent Technology Holding Limited’s contract liabilities mainly consist of payments received from customers before the transfer of goods and services to its customers. The following table shows a reconciliation in the current reporting period related to accounts receivable and current and non-current contract liabilities: [Table Level]  
- Table Title: Reconciliation of Accounts Receivable and Contract Liabilities  
- Table Summary: The table provides a three-year reconciliation of accounts receivable and contract liabilities (current and non-current) for company Intelligent Technology Holding Limited. It details starting balances, net increases, and ending balances for each year from 2021 to 2023.  
- Context: The context emphasizes the distribution of remaining assets to holders of Series Pre-A Preferred Shares before considering Ordinary Shares, outlining revenue recognition policies and financial data over several years.  
- Special Notes: All amounts are expressed in thousands of RMB.  

[Row Level]  
Row 1: As of January 1, 2021, the accounts receivable balance for company Intelligent Technology Holding Limited was RMB 11,687, while the contract liabilities balance was RMB 8,555.  
Row 2: In 2021, company Intelligent Technology Holding Limited experienced a net increase in accounts receivable amounting to RMB 12,521, and a net increase in contract liabilities amounting to RMB 57,972.  
Row 3: As of December 31, 2021, the accounts receivable balance for company Intelligent Technology Holding Limited reached RMB 24,208, whereas the contract liabilities balance increased to RMB 66,527.  
Row 4: In 2022, accounts receivable for company Intelligent Technology Holding Limited experienced a net increase of RMB 134,373, alongside a net increase of RMB 358,961 in contract liabilities.  
Row 5: By December 31, 2022, the accounts receivable balance for company Intelligent Technology Holding Limited climbed to RMB 158,581, and the contract liabilities balance rose to RMB 425,488.  
Row 6: During 2023, the accounts receivable for company Intelligent Technology Holding Limited showed a net increase of RMB 945,869, and the contract liabilities further increased by RMB 287,610.  
Row 7: The ending balance of accounts receivable for company Intelligent Technology Holding Limited as of December 31, 2023, escalated to RMB 1,104,450, while contract liabilities reached an ending balance of RMB 713,098. While the company is still in the process of preparing its financial statements for the three months ended March 31, 2024, the company estimates its vehicle sales revenue in the first quarter of 2024 to be higher than in the first quarter of 2023, but lower than in the fourth quarter of 2023 due to seasonality that impacted delivery volume, as well as the lower average selling price primarily caused by the change in the company's product mix. The company estimates its total revenue in the first quarter of 2024 to be higher than in the first quarter of 2023, but lower than in the fourth quarter of 2023 due to the above-mentioned quarter-over-quarter decrease in vehicle sales revenue and a significant quarter-over-quarter decrease in revenue generated from research and development services and other services, despite the estimated quarter-over-quarter increase in revenue from sales of batteries and other components. In addition, the company estimates its gross profit margin in the first quarter of 2024 to be lower than in the fourth quarter of 2023 because of the negative effect from the delivery of new vehicle models as well as the change in product mix, and the increase in the percentage of revenue contribution from sales of batteries and other components that have a lower gross profit margin than vehicle sales. Because the company does not have final results for the first quarter of 2024, the company's actual results could differ from the company's expected results discussed above when they become available. The company reports segment information based on the management approach that designates the internal reporting used by management for making decisions and assessing performance as the source of reportable segments. The company organizes its operations into three segments, including ZEEKR Segment, Viridi Segment, and ZTE Segment. The following table sets forth the segment results of operation for the periods indicated. Please refer to Note 23 to the company's combined and consolidated financial statements included elsewhere in this annual report for more details. ZEEKR Segment  
Net revenues Vehicle sales Sales of other products and services(1)  
Cost of revenues  
Segment profit  
Number of vehicles delivered  
Viridi Segment  
Net revenues Sales of batteries and other components(2) Research and development services(3)  
Cost of revenues  
Segment profit  
ZTE Segment  
Net revenues(4)  
Cost of revenues  
Segment profit  
(1) Included in revenue recorded by the ZEEKR Segment above, research and development services of RMB53.0 million, nil and RMB530.5 million were provided to the Viridi Segment for 2022, 2023 and 2024 respectively, which are eliminated upon consolidation. Sales of other products and services in the ZEEKR Segment consisted of sales of vehicle-related products and services, and provision of research and development services to related parties. (2) Included in revenue recorded by the Viridi Segment above, sales of battery packs and components were made to the ZEEKR Factory and the Chengdu Factory for the manufacturing of ZEEKR models on an OEM basis in the amount of RMB2,402.7 million, RMB2,871.0 million and RMB662.1 million for 2022, 2023 and 2024 respectively. [Table Level]
- Table Title: Related Party Transactions and Balances
- Table Summary: This table presents the financial transactions and balances between Zeekr and its related parties for the fiscal years ending December 31, 2022, 2023, and 2024. The table categorizes interactions by the nature of the transaction, specifically focusing on vehicle sales, research and development and other services, and sales of batteries and components.
- Context: The principal related parties involved with Zeekr include Geely Automobile Holdings and its subsidiaries and affiliates. The context before and after indicates the focus on significant related party transactions, categorizing these based on the nature of the transaction and the entities involved.
- Special Notes: All amounts are presented in thousands of RMB. The amounts reveal monetary exchanges between Zeekr and its related parties, detailing revenue generated from specific transactions.

[Row Level]
Row 1: In 2022, Zeekr's revenue from vehicle sales to Geely Holding was RMB 1,350, which increased to RMB 5,234 in 2023 and decreased to RMB 698 in 2024.
Row 2: Revenue from vehicle sales to subsidiaries of Geely Auto was RMB 2,649 in 2022, increasing to RMB 5,072 in 2023 and rising substantially to RMB 120,438 in 2024.
Row 3: Revenues from subsidiaries of Geely Holding were RMB 6,030 in 2022, escalating to RMB 18,488 in 2023 and slightly declining to RMB 2,658 in 2024.
Row 4: Affiliates of Geely Holding contributed RMB 28 in 2022, surged to RMB 60,631 in 2023, and amounted to RMB 25,517 in 2024 for vehicle sales.
Row 5: Vehicle sales to entities controlled by ultimate shareholders yielded RMB 44,539 in 2022, decreased significantly to RMB 3,674 in 2023, and further decreased to zero in 2024.
Row 6: In 2024, RMB 1,049,299 was generated from affiliates of entities controlled by ultimate shareholders, with no revenue in the preceding years.
Row 7: Equity investees of Zeekr contributed RMB 249 in 2022, RMB 2,200 in 2023, with no revenue in 2024.
Row 8: The total revenue from vehicle sales was RMB 54,845 in 2022, RMB 95,299 in 2023, and considerably increased to RMB 1,198,610 in 2024.

Row 9: Research and development and other services provided to Geely Auto resulted in RMB 141 in 2024, with no revenue in previous years.
Row 10: Revenue from Geely Holding was RMB 156 in 2022, which drastically increased to RMB 363,181 in 2023 and then slightly increased to RMB 168,054 in 2024 for such services.
Row 11: Subsidiaries of Geely Auto contributed RMB 7,755 in 2022, declining to RMB 1,776 in 2023 and then rising to RMB 163,522 in 2024 for these services.
Row 12: Affiliates of Geely Auto generated substantial revenue of RMB 87,020 in 2022, surging to RMB 522,292 in 2023, and decreased to RMB 657,308 in 2024.
Row 13: Subsidiaries of Geely Holding were major contributors with RMB 1,636,799 in 2022, increasing to RMB 2,082,185 in 2023 and reducing to RMB 1,447,201 in 2024 from these services.
Row 14: Affiliates of Geely Holding provided RMB 19,598 in 2022, rising to RMB 50,526 in 2023, and reaching RMB 343,084 in 2024.
Row 15: Revenue from entities controlled by ultimate shareholders was RMB 3,660 in 2022, dropping to RMB 1,608 in 2023 and reaching zero in 2024.
Row 16: Affiliates of entities controlled by ultimate shareholders recorded RMB 330 in 2022, increased to RMB 268 subsequently in 2023, and significantly rose to RMB 7,270 in 2024.
Row 17: Equity investees of Zeekr contributed RMB 1,756 in 2022 for research and development and other services, absent for the remaining years.
Row 18: Aggregate revenue for these services summed to RMB 1,757,074 in 2022, RMB 3,021,836 in 2023, with a slight decrease to RMB 2,786,580 in 2024.

Row 19: From sales of batteries and components, subsidiaries of Geely Auto provided RMB 1,802,779 in 2022, increasing steadily to RMB 3,262,575 in 2023 and slightly decreasing to RMB 2,077,267 in 2024.
Row 20: Affiliates of Geely Auto generated RMB 1,663,519 in 2022, rising significantly to RMB 2,730,324 in 2023 and continued to grow to RMB 6,422,130 in 2024.
Row 21: Subsidiaries of Geely Holding were the largest contributors with RMB 6,410,920 in 2022, increasing to RMB 8,435,631 in 2023 and expanding to RMB 7,990,028 in 2024.
Row 22: Affiliates of Geely Holding accounted for RMB 26,260 in 2024, compared to zero in previous years.
Row 23: Entities controlled by ultimate shareholders provided RMB 256,155 in 2022 and zero in subsequent years, except for RMB 14,743 in 2024.
Row 24: Equity investees of Zeekr generated RMB 102,490 in 2022 for the sales of batteries and steadily provided RMB 117 in 2023 and RMB 8 in 2024.
Row 25: The total revenue from sales of batteries and other components summed to RMB 10,235,863 in 2022, with growth to RMB 14,454,853 in 2023 and RMB 16,663,804 in 2024. [Table Level]
- Table Title: Breakdown of Cost of Revenues by Vehicle Sales, Components Sales, and Services
- Table Summary: The table provides a detailed breakdown of the cost of revenues for each category, listed in monetary values and percentage shares, across the years 2022, 2023, and projected 2024. It includes costs in RMB for 2022 and 2023 and both RMB and USD for 2024.
- Context: Before the table, the document discusses the sources of revenue, highlighting vehicle sales, battery and component sales, and various services. After the table, it elaborates on specific cost types associated with each revenue source, such as OEM purchases and warranty reserves.
- Special Notes: The table values are presented in RMB for 2022 and 2023, and both RMB and USD for 2024. It is noted that figures are in thousands except for percentages.

[Row Level]
Row 1: In 2022, the cost of revenues from vehicle sales was RMB 18,748,155, accounting for 63.7% of the total cost of revenues. In 2023, this cost increased to RMB 28,831,552, comprising 64.3% of the total costs. Projections for 2024 show the cost at RMB 46,665,051 or USD 6,393,086, representing 73.5% of the total cost.

Row 2: For 2022, the cost related to the sales of batteries and other components was RMB 9,226,025, making up 31.4% of the total costs. In 2023, this cost rose to RMB 13,808,131, which is 30.8% of the costs. The forecast for 2024 lists the cost as RMB 14,481,073 or USD 1,983,899, equating to 22.8% of the total cost.

Row 3: The cost attributed to research and development services and other services was RMB 1,453,218 in 2022, accounting for 4.9% of the total. For 2023, this amount increased to RMB 2,182,405, still reflecting 4.9% of the total. The predictions indicate a cost of RMB 2,319,076 or USD 317,712 for 2024, which is 3.7%.

Row 4: The total cost of revenues for 2022 was RMB 29,427,398, equating to 100% of the costs. In 2023, the total was RMB 44,822,088, also 100%. The anticipated total for 2024 is RMB 63,465,200 or USD 8,694,697, maintaining a full allocation of 100%. And sales of components of RMB56.7 million and RMB319.8 million were made to the company Segment for 2023 and 2024 respectively, which are eliminated upon consolidation. Such sales are considered to be inter-segmental sales that are eliminated upon consolidation. (3) Included in revenue recorded by the Viridi Segment above, research and development services of RMB4.6 million, RMB7.2 million and nil were provided to the company Segment for 2022, 2023 and 2024, respectively, which are eliminated upon consolidation. (4) Included in revenue recorded by the ZTE Segment above, research and development services of RMB1,509.3 million, RMB1,469.5 million and RMB1,518.9 million were provided to the company Segment for 2022, 2023 and 2024, respectively, which are eliminated upon consolidation. [Table Level]
- Table Title: Revenues by Geographic Area for Years Ended December 31, 2022, 2023, and 2024
- Table Summary: The table summarizes revenue generated from different geographic regions including China, Europe, and Other areas for the years ended December 31, 2022, 2023, and 2024. Each column represents total revenue figures in RMB for these locations across various segments.
- Context: The table is part of the financial statement notes for company Intelligent Technology Holding Limited, focusing on segment reporting, and it details assets and revenue by geographic location.
- Special Notes: Amounts are listed in thousands of RMB.

[Row Level]
Row 1: In China, revenue from the Vehicle segment amounted to RMB 52,035,381 for the years ended December 31, 2022, 2023, and 2024.
Row 2: In China, revenue from the Batteries and other components segment was RMB 11,166,201 for the same period.
Row 3: China's Research and development and others segment generated RMB 3,297,411 during these years.
Row 4: The total revenue for China across all segments was RMB 66,498,993.
Row 5: Europe generated RMB 729,442 in revenue from the Vehicle segment.
Row 6: Revenue from the Batteries and other components segment in Europe was RMB 5,581,185.
Row 7: Europe's Research and development and others segment revenue amounted to RMB 471,356.
Row 8: The total revenue for Europe across all segments was RMB 6,781,983.
Row 9: In regions categorized as Other, the revenue from the Vehicle segment was RMB 2,550,483.
Row 10: Revenue from the Batteries and other components segment in the Other regions stood at RMB 46,432.
Row 11: The Research and development and others revenue in the Other regions was RMB 34,760.
Row 12: The total revenue from regions categorized as Other was RMB 2,631,675.