What platform are Zeekr's car models developed on?
The company 001, the company's first mass-produced battery electric vehicle (BEV), is a premium crossover shooting brake developed with proprietary research and development (R&D), deep market insights, and the Sustainable Experience Architecture (SEA) platform. Launched in April 2021 with deliveries beginning in October 2021, the company 001 was the first mass-produced BEV with over $1,000 km CLTC range. In October 2023, the company introduced the company 001 FR, a high-performance variant featuring a lightweight carbon fiber body, 800V Qilin battery, and quad e-drive system, achieving 2.02 seconds 0-100 km/h acceleration and a 280 km/h top speed. In 2024, the company launched upgraded versions of the company 001 with the company Intelligent Driving 2.0 and significant performance, safety, and intelligence upgrades. ZEEKR 009 is the world’s first premium MPV based on a pure-electric platform, according to Frost & Sullivan. ZEEKR 009 has enjoyed wide popularity since launch, and the company expects to start the delivery of ZEEKR 009 to the market in the first quarter of 2023. Going forward, the company plans to capture the extensive potential of the premium battery electric vehicle (BEV) market globally through an expanding portfolio of vehicles. For instance, the company plans to launch SUV and sedan models targeting tech-savvy adults and families in the future. The company and Waymo are collaborating on the development of a purpose-built Transportation as a Service (TaaS) vehicle built on the Sustainable Experience Architecture-Mobility (SEA-M), which will be deployed in the United States over the coming years. SEA-M is an advanced version of SEA that is a high-tech mobility solution to support a range of future mobility products including robotaxis and logistics vehicles, laying a solid and flexible foundation for global autonomous driving technology or ride-sharing companies to develop. Through these future models, the company intends to provide premium mobility solutions of innovation, comfort, and intelligence, as well as a spacious and luxurious high-tech experience with enhanced performance. As a testament to the popularity of the company's products and the company's capabilities, the company has achieved a total delivery of 10,000 units of ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, sets a new record among the major mid- to high-end new energy vehicle (NEV) models and premium battery electric vehicle (BEV) models in China. In October 2022, the company delivered 10,119 units of ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. The company has delivered a cumulative 66,611 units of ZEEKR 001 as of November 30, 2022, which is among the fastest deliveries in the premium BEV market in China from October 2021 to November 2022, according to Frost & Sullivan. The development of the company's battery electric vehicle (BEV) models is powered by the Sustainable Experience Architecture (SEA), a set of open-source, electric and modularized platforms compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pickup truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The widely compatible SEA enables robust research and development (R&D) capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant competitive advantages in the market. SEA also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. The company has built robust relationships with established businesses and brands along the battery electric vehicle (BEV) value chain and related segments. • The company's strategic partners. The company collaborates with many leading businesses that generate a synergy effect with the company in the long term. The company started to cooperate with Mobileye to develop Advanced Driver Assistance Systems (ADAS) in 2021. The company is the first to deploy the Mobileye EyeQ5H chipset on battery electric vehicles (BEVs) in China, according to Frost & Sullivan. The company also plans to work with Mobileye to jointly launch the world’s first Level 4 (L4) autonomous vehicle for the consumer market in 2024. The company and Waymo are collaborating on the development of a purpose-built Transportation as a Service (TaaS) vehicle built on the Sustainable Experience Architecture (SEA-M) platform, which will be deployed in the United States over the coming years. • The company's supply chain collaborators. The company forms collaborations with a spectrum of suppliers. For instance, the ZEEKR 009 is expected to become the first mass-produced BEV model equipped with CATL’s Qilin battery, which provides an 822 km maximum CLTC range. The diversified supply chain collaborators offer the company advantages in supply chain safety, commercial arrangements, as well as access to new technologies. In the company's procurement process, the company chooses suppliers based on a variety of factors, such as technological expertise, product quality, manufacturing capacity, price, and market reputation. The company has built robust relationships with established businesses and brands along the battery electric vehicle (BEV) value chain and related segments. • The company's strategic partners. The company collaborates with many leading businesses that generate a synergy effect with the company in the long term. The company started to cooperate with Mobileye to develop Advanced Driver Assistance Systems (ADAS) in 2021. The company is the first to deploy the Mobileye EyeQ5H chipset on battery electric vehicles (BEVs) in China, according to Frost & Sullivan. The company also plans to work with Mobileye to jointly launch the world’s first Level 4 (L4) autonomous vehicle for the consumer market in 2024. The company and Waymo are collaborating on the development of a purpose-built Transportation as a Service (TaaS) vehicle built on the Sustainable Experience Architecture (SEA-M) platform, which will be deployed in the United States over the coming years. • The company's supply chain collaborators. The company forms collaborations with a spectrum of suppliers. For instance, the ZEEKR 009 is expected to become the first mass-produced BEV model equipped with CATL’s Qilin battery, which provides an 822 km maximum CLTC range. The diversified supply chain collaborators offer the company advantages in supply chain safety, commercial arrangements, as well as access to new technologies. In the company's procurement process, the company chooses suppliers based on a variety of factors, such as technological expertise, product quality, manufacturing capacity, price, and market reputation. 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. The development of the company's BEV models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pickup truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The company depends on Geely Holding to allow the company to continue to utilize SEA, which is currently the most suitable platform for the company. The widely compatible SEA enables robust R&D capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant competitive advantages in the market. The SEA platform also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip the ZEEKR 009 with CATL’s latest Qilin battery thanks to the structural flexibility of the SEA platform. 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 in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, deep understanding of products, 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. The company strategically spearheaded the premium intelligent BEV market with unique positioning, featuring a strong sense of technology, in-house R&D capabilities, stylish design, high-caliber performance, and a premium user experience. The company's current product portfolio includes Model A and Model B. The company's current and future BEV models will define the company's success. Model A. With an unwavering commitment to its mission, the company released Model A on April 15, 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, Model A is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. The company began the delivery of Model A on October 23, 2021. • Model B. On November 1, 2022, the company launched its second model, Model B, a luxury six-seater MPV model providing a comfortable, ultra-luxury mobility experience for both families and business uses. 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. The company's total revenue from vehicle sales amounted to RMB1,544.3 million and RMB19,671.2 million (US$2,852.1 million) in 2021 and 2022, respectively, with a gross profit margin of 1.8% and 4.7%, respectively. In addition to vehicle sales, the company generated revenues from research and development services, as well as 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$4,625.0 million) in 2021 and 2022, respectively, with a gross profit margin of 15.9% and 7.7%, respectively. The company recorded a net loss of RMB4,514.3 million and RMB7,655.1 million (US$1,109.9 million) in 2021 and 2022, respectively. The development of the company's BEV models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pickup truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. 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 in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, a deep understanding of products, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, as well as 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. The company strategically spearheaded the premium intelligent BEV market with unique positioning, featuring a strong sense of technology, in-house R&D capabilities, stylish design, high-caliber performance, and a premium user experience. The company's current product portfolio primarily includes ZEEKR 001, ZEEKR 001 FR, ZEEKR 009, ZEEKR X, and an upscale sedan model. • 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, or ZEEKR 001 (2024 model). Company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, company has focused on innovation in BEV architecture, hardware, software, and application of new technologies. Company's efforts are backed by strong in-house R&D capabilities, a deep understanding of products, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, as well as a series of customer-oriented products and go-to-market strategies. Thus, company is able to rapidly expand even with a limited operating history. Company strategically spearheaded the premium intelligent BEV market with unique positioning, featuring a strong sense of technology, in-house R&D capabilities, stylish design, high-caliber performance, and a premium user experience. Company's current product portfolio primarily includes ZEEKR 001, ZEEKR 001 FR, ZEEKR 009, and ZEEKR X. ZEEKR 001. With an unwavering commitment to its mission, 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 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. Company began the delivery of ZEEKR 001 in October 2021. In October 2023, company released ZEEKR 001 FR, its latest cross-over hatchback vehicle model based on ZEEKR 001.
Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, the ZEEKR 009’s extended range version is expected to be the world’s first pure-electric MPV model with an over 800 km CLTC range and the longest all-electric range in the MPV market, according to Frost & Sullivan. The company is guided by its customer-oriented principle to provide customers with service and experience in every aspect of their journey with the company. The company adopts a customer-oriented direct-to-consumer (DTC) sales model with a focus on innovative and interactive engagement with its customers. The company has established extensive customer touchpoints including seven ZEEKR Centers, 171 ZEEKR Spaces, 22 ZEEKR Delivery Centers, and one ZEEKR House as of September 30, 2022. In addition, the company closely interacts with customers by building an integrated online and offline customer community to provide a holistic experience that goes beyond the purchase of intelligent battery electric vehicles (BEVs). Within the ZEEKR APP, customers can enjoy one-stop car purchase, charging solutions, financial services, roadside assistance, intelligent car control, online shopping of ZEEKR lifestyle products, social interaction, and seamless communication with the customer services team. The company also holds a variety of offline customer events to nurture a vibrant ZEEKR user community. The company's customer engagement efforts enable the company to better understand customer needs to be incorporated into future product design, and continuously strengthen customer loyalty and stickiness. As a tech-driven enterprise, the company conducts research and development based on deep industry insights and strong creative thinking. The company's advanced research and development capabilities enable it to achieve high product development efficiency and rapid product iteration with respect to electrification and intelligentization. The company's strong, experienced research and development talent pool includes a large number of specialists spanning across vehicle design, autonomous driving, electronic and electrical architecture, software engineering, electronics, and connectivity technologies. • E/E Architecture. The company adopts a state-of-the-art and proprietary centralized E/E Architecture, namely ZEEA 2.0. This architecture is based on a domain-integrated system, where only four Domain Control Units (“DCUs”) enable the end-to-end control of the whole vehicle. The centralized structure reduces production costs and vehicle weight, and enhances communication efficiency between software. In software development, the company has built well-designed connectivity routes and system applications based on ZEEA 2.0, which enables it to conduct software upgrades for user experience enhancement more easily, such as a recent upgrade on the control functions of the automatic frameless doors. The company is developing a more highly centralized E/E Architecture, ZEEA 3.0, to help achieve a more efficient, integrated vehicle enablement and FOTA upgrades. • Autonomous Driving. The company offers cutting-edge autonomous driving technology through partnerships with world-leading players. It has established partnerships with leading L2 to L4 AD player Mobileye. Relying on collaboration with Mobileye, the company has already launched the ZAD ADAS system and deployed this system in its BEV models. The full ZAD package offers customers advanced ADAS functions, including changing lanes and pilot assist driving on highways. • Smart Cockpit. The smart cockpit in the company's BEVs uses an intelligent infotainment system to provide seamless connectivity between users and the vehicle through an AI-enabled voice interaction command system, AI Mate, and face recognition technologies. With such technologies and designs, the company's smart cockpit provides customers with interactive, immersive, and enjoyable driving experiences by easily controlling state-of-the-art driving and riding functions through voice commands and a central touch screen. With continuing upgrades for the intelligent infotainment system, the company has also embedded ample room for future upgrades to the cockpit hardware with standardized ports, allowing easy future replacement. On July 11, 2022, the company released a new generation of smart cockpit configuration with an advanced Qualcomm 8155 chip that improves the CPU computing power by 177% and GPU computing power by 94%. This upgrade was also provided free of charge to existing customers whose vehicles have been delivered and has received wide customer acclaim. The company also equipped the Qualcomm Snapdragon 8295 chip on the upscale sedan model and other models to fully optimize the smart cockpit interaction. • SEA. SEA is an open-source, pure electric and modularized platform integrating hardware and software. The company has a unique advantage in utilizing SEA as its R&D teams include many specialists from Geely Group’s EV Research Institute who have extensive experience with SEA. Leveraging SEA through licensing cooperation with Geely Holding, the company develops various car models in a fast and cost-efficient manner catering to customers’ needs. The platform also enables automakers to deliver products that offer superior customer experience in terms of both performance and comfort, such as full-scenario efficient software solutions, supercar driving experience, excellent CLTC range, strong safety performance, and advanced autonomous driving. SEA-M, which is developed by CEVT under the company, is a platform tailored for autonomous driving and future smart mobility. • E-Platform Structure. The company has strong proprietary EV hardware technologies and R&D capabilities, such as those relating to e-powertrain and charging solutions, among others. For instance, Ningbo Viridi is focused on the R&D, production, and sales of key EV components, including the products and systems of battery packs, motors, electric control, and charging solutions. Ningbo Viridi is among the first players in China to have developed battery packs with energy density larger than $160 \mathrm{Wh/kg}$, and also a leading player to have launched the three-in-one powertrain integrating motors, electronic control, and reducer systems. Ningbo Viridi’s charging solution can offer up to $600 \mathrm{kW}$ charging piles deployed in the ultra charging stations. Currently, Ningbo Viridi is also in the process of developing the front and rear dual-motor technologies. The company's designs support $930 \mathrm{kW}$ max power, $1,280 \mathrm{N \cdot m}$ max torque, and $20,620 \ \mathrm{r/min}$ highest rotation speed. As a tech-driven enterprise, company conducts research and development based on deep industry insights and strong creative thinking. company's advanced research and development capabilities enable the company to achieve high product development efficiency and rapid product iteration with respect to electrification and intelligentization. company's strong, experienced research and development talent pool includes a large number of specialists spanning across vehicle design, autonomous driving, electronic and electrical architecture, software engineering, electronics, and connectivity technologies. • E/E Architecture. company adopts a state-of-the-art and proprietary centralized E/E Architecture, namely ZEEA 2.0. This architecture is based on a domain-integrated system, where only four Domain Control Units (“DCUs”) enable the end-to-end control of the whole vehicle. The centralized structure reduces production costs and vehicle weight, and enhances communication efficiency between software. Regarding software development, company has built well-designed connectivity routes and system applications based on ZEEA 2.0, which enables the company to conduct software upgrades for user experience enhancement more easily, such as a recent upgrade on the control functions of the automatic frameless doors. company is developing a more highly centralized E/E Architecture, ZEEA 3.0, to help achieve a more efficient, integrated vehicle enablement and FOTA upgrades. • Autonomous Driving. company offers cutting-edge autonomous driving technology through partnerships with world-leading players. company has established partnerships with leading L2 to L4 AD player Mobileye. Relying on collaboration with Mobileye, company has already launched the ZAD ADAS system and deployed this system in the ZEEKR 001 and ZEEKR 009. The full ZAD package offers customers advanced ADAS functions, including changing lanes and pilot assist driving on highways. • Smart Cockpit. The smart cockpit in the company's battery electric vehicles (BEVs) uses an intelligent infotainment system to provide seamless connectivity between the company's users and the vehicle through the AI-enabled voice interaction command system, AI Mate, and face recognition technologies. With such technologies and designs, the company's smart cockpit provides customers with interactive, immersive, and enjoyable driving experiences by easily controlling state-of-the-art driving and riding functions through voice commands and a central touch screen. With continuing upgrades for the intelligent infotainment system, the company has also embedded ample room for future upgrades to the cockpit hardware with standardized ports that allow easy future replacement. On July 11, 2022, the company released a new generation of smart cockpit configuration with an advanced Qualcomm 8155 chip that improves CPU computing power by 177% and GPU computing power by 94%. This upgrade was also provided free of charge to existing customers whose vehicles have been delivered and has received wide customer acclaim. • SEA. SEA is an open-source, pure electric and modularized platform integrating hardware and software. The company has a unique advantage in utilizing SEA as its research and development teams include many specialists from Geely Group’s EV Research Institute who have extensive experience with SEA. Leveraging SEA through licensing cooperation with Geely Holding, the company develops various car models in a fast and cost-efficient manner catering to customers’ needs. The platform also enables automakers to deliver products that offer superior customer experience in terms of both performance and comfort, such as full-scenario efficient software solutions, supercar driving experience, excellent CLTC range, strong safety performance, and advanced autonomous driving. SEA-M, which is developed by CEVT under the company, is a platform tailored for autonomous driving and future smart mobility. • E-Platform Structure. The company has strong proprietary EV hardware technologies and R&D capabilities, such as those relating to e-powertrain and charging solutions, among others. For instance, Ningbo Viridi is focused on the R&D, production, and sales of key EV components, including the products and systems of battery packs, motors, electric control, and charging solutions. Ningbo Viridi is among the first players in China to have developed battery packs with energy density larger than 160 Wh/kg, and also a leading player to have launched the three-in-one powertrain integrating motors, electronic control, and reducer systems. Ningbo Viridi’s charging solution can offer up to 360 kW charging piles deployed in the ultra charging stations. Currently, Ningbo Viridi is also in the process of developing the front and rear dual-motor technologies. The company's designs support 400 kW max power, 768 Nm max torque, 97.9% highest motor efficiency, and 16,500 r/min highest rotation speed. As a tech-driven enterprise, the company conducts research and development based on deep industry insights and strong creative thinking. The company's advanced research and development capabilities enable it to achieve high product development efficiency and rapid product iteration with respect to electrification and intelligentization. The company's strong, experienced research and development talent pool includes a large number of specialists spanning across vehicle design, autonomous driving, electronic and electrical architecture, software engineering, electronics, and connectivity technologies. • E/E Architecture. The company adopts a state-of-the-art and proprietary centralized E/E Architecture, namely ZEEA 2.0. This architecture is based on a domain-integrated system, where only four Domain Control Units (“DCUs”) enable the end-to-end control of the whole vehicle. The centralized structure reduces production costs and vehicle weight, and enhances communication efficiency between software. On software development, the company has built well-designed connectivity routes and system applications based on ZEEA 2.0, which enables it to conduct software upgrades for user experience enhancement more easily, such as a recent upgrade on the control functions of the automatic frameless doors. The company is developing a more highly centralized E/E Architecture, ZEEA 3.0, to help achieve a more efficient, integrated vehicle enablement and FOTA upgrades. • Autonomous Driving. The company offers cutting-edge autonomous driving technology through partnerships with world-leading players. The company has established partnerships with leading L2 to L4 AD player Mobileye. Relying on collaboration with Mobileye, the company has already launched the ZAD ADAS system and deployed this system in ZEEKR 001 and ZEEKR 009. The full ZAD package offers customers advanced ADAS functions, including changing lanes and pilot assist driving on highways. • Smart Cockpit. The smart cockpit in the company's BEVs uses an intelligent infotainment system to provide seamless connectivity between users and the vehicle through an AI-enabled voice interaction command system, AI Mate, and face recognition technologies. With such technologies and designs, the company's smart cockpit provides customers with interactive, immersive, and enjoyable driving experiences by easily controlling state-of-the-art driving and riding functions through voice commands and a central touch screen. With continuing upgrades for the intelligent infotainment system, the company has also embedded ample room for future upgrades to the cockpit hardware with standardized ports that allow easy future replacement. On July 11, 2022, the company released a new generation of smart cockpit configuration with an advanced Qualcomm 8155 chip that improves CPU computing power by 177% and GPU computing power by 94%. This upgrade was also provided free of charge to existing customers whose vehicles have been delivered and has received wide customer acclaim. • SEA. SEA is an open-source, pure electric, and modularized platform integrating hardware and software. The company has a unique advantage in utilizing SEA as its R&D teams include many specialists from Geely Group’s EV Research Institute who have extensive experience with SEA. Leveraging SEA through licensing cooperation with Geely Holding, the company develops various car models in a fast and cost-efficient manner catering to customers’ needs. As a tech-driven enterprise, company conducts research and development based on deep industry insights and strong creative thinking. company's advanced research and development capabilities enable the company to achieve high product development efficiency and rapid product iteration with respect to electrification and intelligentization. company's strong, experienced research and development talent pool includes a large number of specialists spanning across vehicle design, autonomous driving, electronic and electrical architecture, software engineering, electronics, and connectivity technologies. • E/E Architecture. company adopts a state-of-the-art and proprietary centralized E/E Architecture, namely ZEEA 2.0. This architecture is based on a domain-integrated system, where only four Domain Control Units (“DCUs”) enable the end-to-end control of the whole vehicle. The centralized structure reduces production costs and vehicle weight, and enhances communication efficiency between software. On software development, company has built well-designed connectivity routes and system applications based on ZEEA 2.0, which enables the company to conduct software upgrades for user experience enhancement more easily, such as a recent upgrade on the control functions of the automatic frameless doors. company is developing a more highly centralized E/E Architecture, ZEEA 3.0, to help achieve a more efficient, integrated vehicle enablement and FOTA upgrades. Autonomous Driving. company offers cutting-edge autonomous driving technology through partnerships with world-leading players. The company has established partnerships with leading L2 to L4 AD player Mobileye. Relying on collaboration with Mobileye, company has already launched the ZAD ADAS system and deployed this system in its BEV models. The full ZAD package offers customers advanced ADAS functions, including changing lanes and pilot assist driving on highways. • Smart Cockpit. The smart cockpit in the company's BEVs uses an intelligent infotainment system to provide seamless connectivity between users and the vehicle through an AI-enabled voice interaction command system, AI Mate, and face recognition technologies. With such technologies and designs, the company's smart cockpit provides customers with interactive, immersive, and enjoyable driving experiences by easily controlling state-of-the-art driving and riding functions through voice commands and a central touch screen. With continuing upgrades for the intelligent infotainment system, the company has also embedded ample room for future upgrades to the cockpit hardware with standardized ports that allow easy future replacement. On July 11, 2022, the company released a new generation of smart cockpit configuration with an advanced Qualcomm 8155 chip that improves CPU computing power by 177% and GPU computing power by 94%. This upgrade was also provided free of charge to existing customers whose vehicles have been delivered and has received wide customer acclaim. The company also equipped the Qualcomm 8295 chip on the 2024 model, FR, and upscale sedan model to fully optimize smart cockpit interaction. • SEA. SEA is an open-source, pure electric and modularized platform integrating hardware and software. The company has a unique advantage in utilizing SEA as its R&D teams include many specialists from Geely Group’s EV Research Institute who have extensive experience with SEA. Leveraging SEA through licensing cooperation with Geely Holding, the company develops various car models in a fast and cost-efficient manner catering to customers’ needs. The platform also enables automakers to deliver products that offer superior customer experience in terms of both performance and comfort, such as full-scenario efficient software solutions, supercar driving experience, excellent CLTC range, strong safety performance, and advanced autonomous driving. SEA-M, which is developed by CEVT under the company, is a platform tailored for autonomous driving and future smart mobility. • E-Platform Structure. The company has strong proprietary EV hardware technologies and R&D capabilities, such as those relating to e-powertrain and charging solutions, among others. For instance, Ningbo Viridi is focused on the R&D, production and sales of key EV components, including the products and systems of battery packs, motors, and electric control, and charging solutions. Ningbo Viridi is among the first players in China to have developed battery packs with energy density larger than $160 \mathrm{Wh/kg}$, and also a leading player to have launched the three-in-one powertrain integrating motors, electronic control, and reducer systems. Ningbo Viridi’s charging solution can offer up to $600 \mathrm{kW}$ charging piles deployed in the ultra charging stations. Currently, Ningbo Viridi is also in the progress of developing the front and rear dual-motor technologies. The company's designs support $930 \mathrm{kW}$ max power, $1,280 \mathrm{N} \cdot \mathrm{m}$ max torque and $20,620 \ \mathrm{r/min}$ highest rotation speed. In addition to the company's collaboration with Geely Group, the company establishes strategic partnerships with a number of companies in China and overseas, some of which have industry-leading positions in their fields, that generate huge synergies in the company's business. Strategic partnerships with global industry leaders are a strong endorsement of the company's capabilities, helping the company advance its core capabilities in the development of BEV technologies and solutions. • Mobileye. The company began to collaborate for ADAS technologies in 2021 with Mobileye, the subsidiary of Intel, one of the company's strategic investors, and a world-leading self-driving company. The company is the first to deploy the Mobileye EyeQ5H chipset on BEVs in China, according to Frost & Sullivan. The company also plans to work with Mobileye to jointly launch the world’s first L4 autonomous driving capabilities for the consumer market in 2024. • Waymo. The company is working with Waymo, a leader in L4 autonomous driving technology, to supply vehicles for the Waymo One Fleet. The vehicles are purpose-built TaaS vehicles based on SEA-M, which is an advanced version of SEA and a high-tech mobility solution that supports a range of future mobility products including robotaxis and logistics vehicles. • Onsemi. The company has a relationship with Onsemi, a leader in intelligent power and sensor technologies. The company will be provided with Onsemi’s EliteSiC, its silicon carbide power devices to enhance the performance, charging efficiency, and driving range of the company's BEV products. The company plans to use M3E 1200V EliteSiC MOSFET to optimize performance and reliability of the company's BEV products. As a tech-driven enterprise, the company conducts research and development based on deep industry insights and strong creative thinking. The company's advanced research and development capabilities enable it to achieve high product development efficiency and rapid product iteration with respect to electrification and intelligentization. The company's strong, experienced research and development talent pool includes a large number of specialists spanning across vehicle design, autonomous driving, electronic and electrical architecture, software engineering, electronics, and connectivity technologies. • E/E Architecture. The company adopts a state-of-the-art and proprietary centralized E/E Architecture, namely ZEEA 2.0. This architecture is based on a domain-integrated system, where only four Domain Control Units (“DCUs”) enable the end-to-end control of the whole vehicle. The centralized structure reduces production costs and vehicle weight, and enhances communication efficiency between software. In software development, the company has built well-designed connectivity routes and system applications based on ZEEA 2.0, which enables it to conduct software upgrades for user experience enhancement more easily, such as a recent upgrade on the control functions of the automatic frameless doors. The company is developing a more highly centralized E/E Architecture, ZEEA 3.0, to help achieve a more efficient, integrated vehicle enablement and FOTA upgrades. Autonomous Driving. The company offers cutting-edge autonomous driving technology through partnerships with world-leading players. It has established partnerships with leading L2 to L4 AD player Mobileye. Relying on collaboration with Mobileye, the company has already launched the ZAD ADAS system and deployed this system in its BEV models. Leveraging SEA through licensing cooperation with Geely Holding, the company develops various car models in a fast and cost-efficient manner catering to customers’ needs. The platform also enables automakers to deliver products that offer superior customer experience in terms of both performance and comfort, such as full-scenario efficient software solutions, supercar driving experience, excellent CLTC range, strong safety performance, and advanced autonomous driving. SEA-M, which is developed by CEVT under the company, is a platform tailored for autonomous driving and future smart mobility. • E-Platform Structure. The company has strong proprietary EV hardware technologies and R&D capabilities, such as those relating to e-powertrain and charging solutions, among others. For instance, Ningbo Viridi is focused on the R&D, production, and sales of key EV components, including the products and systems of battery packs, motors, electric control, and charging solutions. Ningbo Viridi is among the first players in China to have developed battery packs with energy density larger than $160 \mathrm{Wh/kg}$, and also a leading player to have launched the three-in-one powertrain integrating motors, electronic control, and reducer systems. Ningbo Viridi’s charging solution can offer up to $600 \mathrm{kW}$ charging piles deployed in the ultra charging stations. Currently, Ningbo Viridi is also in the progress of developing the front and rear dual-motor technologies. The company's designs support $930 \mathrm{kW}$ max power, $1,280 \mathrm{N} \cdot \mathrm{m}$ max torque, and $20,620 \ \mathrm{r/min}$ highest rotation speed. Thus, the company is able to rapidly expand even with a limited operating history. The development of the company's BEV models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pickup truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The company depends on Geely Holding to allow it to continue to utilize SEA, which is currently the most suitable platform for the company. The widely compatible SEA enables robust R&D capabilities and execution efficiency, cost efficiency and control consistency in the vehicle development process, giving the company's battery electric vehicles (BEVs) significant competitive advantages in the market. SEA also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip its model with CATL’s latest Qilin battery, making it the first mass-produced BEV model equipped with the Qilin battery, according to Frost & Sullivan. Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, its extended range version is expected to be the world’s first pure electric multi-purpose vehicle (MPV) model with an over 800 km CLTC range and the longest all-electric range in the MPV market, according to Frost & Sullivan. The company is a fast-growing battery electric vehicle (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 in BEV architecture, hardware, software, and the application of new technologies. The company's efforts are backed by strong in-house research and development (R&D) capabilities, a deep understanding of products, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, as well as 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. The company strategically spearheaded the premium intelligent battery electric vehicle (BEV) market with unique positioning, featuring a strong sense of technology, in-house research and development (R&D) capabilities, stylish design, high-caliber performance, and a premium user experience. The company's current product portfolio primarily includes ZEEKR 001, ZEEKR 001 FR, ZEEKR 009, ZEEKR X, and an upscale sedan model. 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, or ZEEKR 001 (2024 model). The company started to deliver ZEEKR 001 (2024 model) in March 2024. In October 2023, the company released ZEEKR 001 FR, its cross-over hatchback vehicle model based on ZEEKR 001. Featuring unique exterior and interior design and proprietary technologies, ZEEKR 001 FR is designed to offer outstanding vehicle performance with various driving modes. The company started to deliver ZEEKR 001 FR in November 2023. • ZEEKR 009. In November 2022, the company launched its second model, ZEEKR 009, a luxury six-seater MPV model providing a comfortable, ultra-luxury mobility experience for both families and business uses. ZEEKR 009 is the world’s first premium MPV based on a pure-electric platform, according to Frost & Sullivan. ZEEKR 009 has enjoyed wide popularity since launch, and the company started to deliver ZEEKR 009 to its customers in January 2023. In April 2024, the company launched ZEEKR 009 Grand, a luxury version of ZEEKR 009 featuring enhanced safety, privacy, and intelligence. The company also released ZEEKR MIX, its MPV model, in the same month. • ZEEKR X. In April 2023, the company released ZEEKR X, its compact SUV model featuring spacious interior design, advanced technology, and superior driving performance. The company began to deliver ZEEKR X in June 2023. • ZEEKR Upscale Sedan Model. In November 2023, the company launched its first upscale sedan model targeting tech-savvy adults and families. Powered by 800V architecture and multi-link suspension. structure, the company's upscale sedan model is expected to achieve a $2.84 ~ 0.100 km/h acceleration and a 688 km maximum CLTC range. The company began the delivery of its first upscale sedan model in January 2024. The company's current and future battery electric vehicle (BEV) models will define the company's success. Going forward, the company plans to capture the extensive potential of the premium BEV market globally through an expanding portfolio of vehicles. For instance, the company plans to launch vehicles for the next generation of mobility lifestyle. Through these future models, the company intends to provide premium mobility solutions characterized by innovation, comfort, and intelligence, as well as a spacious and luxurious high-tech experience with enhanced performance. As a testament to the popularity of the company's current products and capabilities, the company has achieved a total delivery of 10,000 units of ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end new energy vehicle (NEV) models and premium battery electric vehicle (BEV) models in China. In October 2022, the company delivered 10,119 units of ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. As of December 31, 2023, the company delivered a total of 196,633 ZEEKR vehicles since the first vehicle delivery in October 2021, including 192,441 delivered in China. This is among the fastest delivery growth in the premium BEV market in China, according to Frost & Sullivan. The development of the company's battery electric vehicle (BEV) models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pick-up truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The company depends on Geely Holding to allow it to continue to utilize SEA, which is currently the most suitable platform for the company. The widely compatible SEA enables robust research and development capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant competitive advantages in the market. SEA also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip its model with CATL’s latest Qilin battery, making it the first mass-produced BEV model equipped with Qilin battery, according to Frost & Sullivan. Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, its extended range version is the world’s first pure-electric MPV model with an over 800 km CLTC range and the longest all-electric range in the MPV market by the end of February 2024, according to Frost & Sullivan. As a tech-driven enterprise, company conducts research and development based on deep industry insights and strong creative thinking. company's advanced research and development capabilities enable the company to achieve high product development efficiency and rapid product iteration with respect to electrification and intelligentization. company's strong, experienced research and development talent pool includes a large number of specialists spanning across vehicle design, autonomous driving, electronic and electrical architecture, software engineering, electronics, and connectivity technologies. • E/E Architecture. company adopts a state-of-the-art and proprietary centralized E/E Architecture, namely ZEEA 2.0. ZEEA 2.0 is based on a domain-integrated architecture, a system where only four Domain Control Units (“DCUs”) enable the end-to-end control of the whole vehicle. The centralized structure reduces production costs and vehicle weight, and enhances communication efficiency between software. On software development, company has built well-designed connectivity routes and system applications based on ZEEA 2.0, which enables the company to conduct software upgrades for user experience. Enhancement more easily, such as a recent upgrade on the control functions of the automatic frameless doors. company is developing a more highly centralized E/E Architecture, ZEEA 3.0, to help the company achieve a more efficient, integrated vehicle enablement and FOTA upgrades. • Autonomous Driving. company offers cutting-edge autonomous driving technology through partnerships with world-leading players. company has established partnerships with leading L2 to L4 AD player Mobileye. Relying on collaboration with Mobileye, company has already launched the ZAD ADAS system and deployed this system in the ZEEKR 001 and ZEEKR 009. As a tech-driven enterprise, company conducts R&D based on deep industry insights and strong creative thinking. company's advanced R&D capabilities enable the company to achieve high product development efficiency and rapid product iteration with respect to electrification and intelligentization. company's strong, experienced R&D talent pool includes a large number of specialists spanning across vehicle design, autonomous driving, electronic and electrical architecture, software engineering, electronics, and connectivity technologies. • E/E Architecture. company adopts a state-of-the-art and proprietary centralized E/E Architecture, namely ZEEA 2.0. This architecture is based on a domain-integrated system, where only four Domain Control Units (“DCUs”) enable the end-to-end control of the whole vehicle. The centralized structure reduces production costs and vehicle weight, and enhances communication efficiency between software. In software development, company has built well-designed connectivity routes and system applications based on ZEEA 2.0, which enables the company to conduct software upgrades for user experience enhancement more easily, such as a recent upgrade on the control functions of the automatic frameless doors. company is developing a more highly centralized E/E Architecture, ZEEA 3.0, to help achieve a more efficient, integrated vehicle enablement and FOTA upgrades. • Autonomous Driving. company offers cutting-edge autonomous driving technology through partnerships with world-leading players. The company has established partnerships with leading L2 to L4 AD player Mobileye. Relying on collaboration with Mobileye, company has already launched the ZAD ADAS system and deployed this system in its BEV models. The full ZAD package offers customers advanced ADAS functions, including changing lanes and pilot assist driving on highways. • Smart Cockpit. The company 009 is the world’s first premium MPV based on a pure-electric platform, according to Frost & Sullivan. The company 009 has enjoyed wide popularity since launch, and the company started to deliver the company 009 to its customers in January 2023. Going forward, the company plans to capture the extensive potential of the premium BEV market globally through an expanding portfolio of vehicles. For instance, the company plans to launch SUV and sedan models targeting tech-savvy adults and families in the future. The company and Waymo are collaborating on the development of a purpose-built TaaS vehicle built on SEA-M, which will be deployed in the United States over the coming years. SEA-M is an advanced version of SEA that is a high-tech mobility solution to support a range of future mobility products including robotaxis and logistics vehicles, laying a solid and flexible foundation for global autonomous driving technology or ride-sharing companies to develop. Through these future models, the company intends to provide premium mobility solutions of innovation, comfort, and intelligence, as well as a spacious and luxurious high-tech experience with enhanced performance. As a testament to the popularity of the company's current products and capabilities, the company has achieved a total delivery of 10,000 units of the company 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, sets a new record among the major mid- to high-end NEV models and premium BEV models in China. In October 2022, the company delivered 10,119 units of ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. The company has delivered a cumulative 86,519 units of ZEEKR vehicles as of February 28, 2023, and achieved among the fastest delivery in the premium BEV market in China from October 2021 to December 2022, according to Frost & Sullivan. The development of the company's BEV models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pickup truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The company depends on Geely Holding to allow it to continue to utilize SEA, which is currently the most suitable platform for the company. The widely compatible SEA enables robust R&D capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant competitive advantages in the market. SEA also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip ZEEKR 009 with CATL’s latest Qilin battery thanks to the structural flexibility of SEA. Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, ZEEKR 009’s extended range version is expected to be the world’s first pure-electric MPV model with an over 800 km CLTC range and the longest all-electric range in the MPV market, according to Frost & Sullivan. As a premium BEV brand incubated by Geely Group, the company inherits unique competitive edges from Geely Group that are developed through years of execution experience at the frontier of the industry, such as innovative and agile engineering capabilities, robust R&D capabilities, deep industry expertise, extreme attention to safety, top-notch professionals, strong supply chain and manufacturing management capabilities, and operational know-how. Geely Group’s powerful and world-class brand equity also echoes product innovation, performance, and reliability in its broad customer base, which, in turn, contributes to the significant consumer interest and demand for the ZEEKR brand. These competitive advantages enable the company to quickly incorporate customer needs and concepts into its products and manage the complex operation process to achieve the fast ramp-up of production and deliveries. The company also leverages Geely Group’s advanced and well-established manufacturing capacity, which helps retain effective oversight over key steps in procurement, manufacturing, and product quality control with minimal capital outlay. At the same time, the company's BEVs are manufactured in ZEEKR Factory, which is owned and operated by Geely Holding, and Geely Holding was the company's largest supplier for 2022. Furthermore, before the launch of ZEEKR 001, a significant portion of the company's revenue has historically been derived from the sales of batteries and other components and research and development services to Geely Group. The company has strong in-house technological capabilities focusing on electrification and intelligentization. The company's in-house design, engineering, and R&D enable it to achieve high product development efficiency and rapid product iteration, as well as to provide engineering services to external parties. In particular, the company's in-house capabilities are also supported by (i) the company's Sweden-based R&D center CEVT in the research and development of intelligent mobility solutions, and (ii) Ningbo Viridi, the company's PRC subsidiary focused on the products and systems relating to battery, motor and electric control, power solutions, and energy storage. Leveraging the company's in-house E/E Architecture design and operating system, ZEEKR OS, the company continuously updates its BEV functions through effective and efficient FOTA. The company deploys cutting-edge autonomous driving technology into its BEVs by world-leading players such as Mobileye and has also announced plans to integrate NVIDIA DRIVE Thor, the 2,000 TOPS AV superchip, into its centralized vehicle computer for the next generation of intelligent BEVs. The company also offers an intelligent cockpit to deliver interactive, immersive, and enjoyable driving experiences. To successfully achieve the company's mission, it assembled a top-notch management team with diversified yet complementary backgrounds and experiences. The company's management team possesses entrepreneurial spirit, deep automotive and technology sector expertise along with customer-centric operation experience, which are essential to driving the company's future development. The company's co-founder and CEO Conghui An has over 25 years’ experience in multiple executive management positions in Geely Group and accumulated profound industry insights and senior management experience with an excellent track record. In addition to the company, Mr. An has successfully established, developed, and operated both Geely and Lynk&Co, two well-established vehicle brands of Geely Group. The company is guided by its customer-oriented principle to provide customers with service and experience in every aspect of their journey with the company. The company adopts a customer-oriented DTC sales model with a focus on innovative and interactive engagement with its customers. The company has established extensive customer touchpoints including 15 Centers, 195 Spaces, 26 Delivery Centers, and 24 Houses as of December 31, 2022. In addition, the company closely interacts with customers through building an integrated online and offline customer community to provide a holistic experience that goes beyond the purchase of intelligent BEVs. Within the APP, customers can enjoy one-stop car purchase, charging solutions, financial services, roadside assistance, intelligent car control, online shopping of lifestyle products, social interaction, and seamless communication with the customer services team. The company also holds a variety of offline customer events to nurture a vibrant user community. The company's customer engagement efforts enable the company to better understand customer needs to be incorporated into future product design and continuously strengthen customer loyalty and stickiness. Underpinned by the company's superior capability in supply chain and manufacturing planning and management, the company is also able to offer a wide range of customized options in terms of vehicle designs and functionalities, which are highly appreciated by its customers. The company has established a comprehensive charging network and provided hassle-free charging services through at-home charging solutions, on-the-road charging solutions, and 24/7 charging fleets. The ultra charging stations, in particular, provide users with an ultimate charging experience through the company's proprietary ultra-fast charging technology developed by Ningbo Viridi. As of December 31, 2022, there were 607 charging stations with different charging capabilities, including 200 ultra charging stations, 292 super charging stations, and 115 light charging stations, covering 113 cities in China, further supported by third-party charging stations that cover 336 cities in China with approximately 380 thousand charging piles in total. The company has established in-depth partnerships with a number of internationally renowned smart mobility companies, laying a solid foundation for the company's business development and global expansion. For example, the company collaborates with Mobileye, a subsidiary of Intel and one of the company's strategic investors, for consumer-ready autonomous driving solutions. The company and Waymo are collaborating on the development of a purpose-built TaaS vehicle built on the SEA-M platform which will be deployed in the United States over the coming years. Furthermore, the company has deep relationships with a range of leading suppliers, such as CATL, Bosch, and Aptiv. The company operates in a rapidly growing market with extensive potential. Driven by improving battery and smart technologies, supportive regulatory policies, and enhancement of charging infrastructure, China’s BEV market has substantial room for growth in both volume and BEV penetration. China’s BEV sales volume is expected to be more than quadrupled to 11.3 million units in 2026 from 2021, according to Frost & Sullivan. The premium BEV market is expected to experience even faster growth, almost increasing to five times the volume in 2021 by 2026, according to Frost & Sullivan. The European BEV market has significant size and growth potential, which is expected to reach 4.4 million units in sales volume in 2026, representing a CAGR of 29.4% from 2022 to 2026, according to Frost & Sullivan. In the future, the company also plans to tap into the BEV market in Europe and the robotaxi market in the United States. The company started to deliver its first model in October 2021. The company's revenue from vehicle sales amounted to RMB1,544.3 million and RMB19,671.2 million (US$2,852.1 million) in 2021 and 2022, respectively, with a gross profit margin of 1.8% and 4.7%, respectively. In addition to vehicle sales, the company generated revenues from research and development services, as well as 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$4,625.0 million) in 2021 and 2022, respectively, with a gross profit margin of 15.9% and 7.7%, respectively. The company recorded a net loss of RMB4,514.3 million and RMB7,655.1 million (US$1,109.9 million) in 2021 and 2022, respectively. The company depends on Geely Holding to allow the company to continue to utilize SEA, which is currently the most suitable platform for the company. The widely compatible SEA enables robust R&D capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant advantages. competitive advantages in the market. The SEA platform also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip the ZEEKR 009 with CATL’s latest Qilin battery thanks to the structural flexibility of the SEA platform. Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, the extended range version of the ZEEKR 009 is expected to be the world’s first pure-electric MPV model with an over 800 km CLTC range and the longest all-electric range in the MPV market, according to Frost & Sullivan. The company is guided by its customer-oriented principle to provide customers with service and experience in every aspect of their journey with the company. The company adopts a customer-oriented direct-to-consumer (DTC) sales model with a focus on innovative and interactive engagement with its customers. The company has established extensive customer touchpoints including 15 ZEEKR Centers, 195 ZEEKR Spaces, 26 ZEEKR Delivery Centers, and 24 ZEEKR Houses as of December 31, 2022. In addition, the company closely interacts with customers by building an integrated online and offline customer community to provide a holistic experience that goes beyond the purchase of intelligent battery electric vehicles (BEVs). Within the company APP, customers can enjoy one-stop car purchase, charging solutions, financial services, roadside assistance, intelligent car control, online shopping of company lifestyle products, social interaction, and seamless communication with the customer services team. The company also holds a variety of offline customer events to nurture a vibrant user community. The company's customer engagement efforts enable it to better understand customer needs to be incorporated into future product design, and continuously strengthen customer loyalty and stickiness. Underpinned by the company's superior capability in supply chain and manufacturing planning and management, it is also able to offer a wide range of customized options in terms of vehicle designs and functionalities, which are highly appreciated by its customers. The company's revenue from vehicle sales amounted to RMB1,544.3 million and RMB19,671.2 million (US$2,852.1 million) in 2021 and 2022, respectively, with a gross profit margin of 1.8% and 4.7%, respectively. In addition to vehicle sales, the company generated revenues from research and development services, as well as 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$4,625.0 million) in 2021 and 2022, respectively, with a gross profit margin of 15.9% and 7.7%, respectively. The company recorded a net loss of RMB4,514.3 million and RMB7,655.1 million (US$1,109.9 million) in 2021 and 2022, respectively. As a pioneer in the automobile industry, company has been and will continue to devote itself to the deployment of next-generation autonomous driving solutions. • company vehicles deploy the autonomous driving technologies, which assist drivers in various driving scenarios, such as changing lanes and pilot assist driving on highways.   
• company 001, company 001 FR, and company 009 are equipped with advanced hardware developed by company's partners, such as the 7nm Mobileye EyeQ5H chip and Falcon Eye Vidar System with seven 8-megapixel cameras. According to Frost & Sullivan, company was the first to deploy the Mobileye EyeQ5H chipset on battery electric vehicles (BEVs) in China. company's upscale sedan model adopts the NVIDIA DRIVE Orin platform to power company's proprietary intelligent autonomous driving systems. The company 001 (2024 model) incorporates Mobileye’s latest generation of intelligent driving solutions with upgrades across hardware, architecture, and algorithms. The vehicle utilizes Mobileye’s latest EVO domain control platform with faster transmission, enhanced performance, and more stable system operation. Paired with the latest perception algorithms, the system significantly improves the detection precision of vehicles, pedestrians, and objects. Furthermore, it can identify a variety of non-standard obstacles outside the system’s database. company plans to continuously upgrade the autonomous driving technology on its battery electric vehicles (BEVs). The development of the company's BEV models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pick-up truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The company depends on Geely Holding to allow the company to continue to utilize SEA, which is currently the most suitable platform for the company. The widely compatible SEA enables robust R&D capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant competitive advantages in the market. SEA also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip ZEEKR 009 with CATL’s latest Qilin battery, making ZEEKR 009 the first mass-produced BEV model equipped with Qilin battery, according to Frost & Sullivan. Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, ZEEKR 009’s extended range version is the world’s first pure-electric MPV model with an over 800 km CLTC range and the longest all-electric range in the MPV market by the end of February 2024, according to Frost & Sullivan. The company started to deliver ZEEKR 001 (2024 model) in March 2024. In October 2023, the company released ZEEKR 001 FR, its cross-over hatchback vehicle model based on ZEEKR 001. Featuring unique exterior and interior design and proprietary technologies, ZEEKR 001 FR is designed to offer outstanding vehicle performance with various driving modes. The company started to deliver ZEEKR 001 FR in November 2023. • ZEEKR 009. In November 2022, the company launched its second model, ZEEKR 009, a luxury six-seater MPV model providing a comfortable, ultra-luxury mobility experience for both families and business uses. ZEEKR 009 is the world’s first premium MPV based on a pure-electric platform, according to Frost & Sullivan. ZEEKR 009 has enjoyed wide popularity since launch, and the company started to deliver ZEEKR 009 to its customers in January 2023. In April 2024, the company launched ZEEKR 009 Grand, a luxury version of ZEEKR 009 featuring enhanced safety, privacy, and intelligence. The company also released ZEEKR MIX, its MPV model, in the same month. • ZEEKR X. In April 2023, the company released ZEEKR X, its compact SUV model featuring spacious interior design, advanced technology, and superior driving performance. The company began to deliver ZEEKR X in June 2023. • ZEEKR Upscale Sedan Model. In November 2023, the company launched its first upscale sedan model targeting tech-savvy adults and families. Powered by 800V architecture and multi-link suspension. structure, the company's upscale sedan model is expected to achieve a $2.84 ~ 0.100 km/h acceleration and a 688 km maximum CLTC range. The company began the delivery of its first upscale sedan model in January 2024. The company's current and future BEV models will define its success. Going forward, the company plans to capture the extensive potential of the premium BEV market globally through an expanding portfolio of vehicles. For instance, the company plans to launch vehicles for the next generation of mobility lifestyle. Through these future models, the company intends to provide premium mobility solutions of innovation, comfort, and intelligence, as well as a spacious and luxurious high-tech experience with enhanced performance. As a testament to the popularity of the company's current products and capabilities, the company has achieved a total delivery of 10,000 units of its first model in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end NEV models and premium BEV models in China. In October 2022, the company delivered 10,119 units of its first model to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. As of December 31, 2023, the company delivered a total of 196,633 vehicles since the first vehicle delivery in October 2021, including 192,441 delivered in China. This is among the fastest delivery growth in the premium BEV market in China, according to Frost & Sullivan. The company has strong in-house technological capabilities focusing on electrification and intelligentization. The company's in-house design, engineering, and R&D enable it to achieve high product development efficiency and rapid product iteration, as well as to provide engineering services to external parties. In particular, the company's in-house capabilities are also supported by (i) the Sweden-based R&D center CEVT in the research and development of intelligent mobility solutions, and (ii) Ningbo Viridi, the company's PRC subsidiary focused on the products and systems relating to battery, motor and electric control, power solutions, and energy storage. Leveraging the company's in-house E/E Architecture design and operating system, ZEEKR OS, the company continuously updates its BEV functions through effective and efficient FOTA. The company deploys cutting-edge autonomous driving technology into its BEVs, utilizing world-leading players such as Mobileye, and has also announced its plan to integrate NVIDIA DRIVE Thor, the 2,000 TOPS AV superchip, into its centralized vehicle computer for the next generation intelligent BEV. The company also offers an intelligent cockpit to deliver interactive, immersive, and enjoyable driving experiences. To successfully achieve the company's mission, the company assembled a top-notch management team with diversified yet complementary backgrounds and experiences. The company's management team possesses entrepreneurial spirit, deep automotive and technology sector expertise along with customer-centric operation experience, which are essential to driving the company's future development. The company's co-founder and CEO Conghui An has over 25 years’ experience in multiple executive management positions in Geely Group and accumulated profound industry insights and senior management experience with an excellent track record. In addition to company, Mr. An has successfully established, developed, and operated both Geely and Lynk&Co, two well-established vehicle brands of Geely Group. The company is guided by its customer-oriented principle to provide customers with service and experience in every aspect of their journey with the company. The company adopts a customer-oriented direct-to-consumer (DTC) sales model with a focus on innovative and interactive engagement with its customers. The company has established extensive customer touchpoints including 24 company Centers, 240 company Spaces, 31 company Delivery Centers, and 45 company Houses in China, and two company Centers overseas as of December 31, 2023. In addition, the company closely interacts with customers by building an integrated online and offline customer community to provide a holistic experience that goes beyond the purchase of intelligent battery electric vehicles (BEVs). Within the company APP, customers can enjoy one-stop car purchase, charging solutions, financial services, roadside assistance, intelligent car control, online shopping of company lifestyle products, social interaction, and seamless communication with the customer services team. The company also holds a variety of offline customer events to nurture a vibrant company user community. The company's customer engagement efforts enable the company to better understand customer needs to be incorporated into future product design and continuously strengthen customer loyalty and stickiness. Underpinned by the company's superior capability in supply chain and manufacturing planning and management, the company is also able to offer a wide range of customized options in terms of vehicle designs and functionalities, which are highly appreciated by its customers. 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 started to deliver ZEEKR 001 (2024 model) in March 2024. In October 2023, the company released ZEEKR 001 FR, its cross-over hatchback vehicle model based on ZEEKR 001. Featuring unique exterior and interior design and the company's proprietary technologies, ZEEKR 001 FR is designed to offer outstanding vehicle performance with various driving modes. The company started to deliver ZEEKR 001 FR in November 2023. • ZEEKR 009. In November 2022, the company launched its second model, ZEEKR 009, a luxury six-seater MPV model providing a comfortable, ultra-luxury mobility experience for both families and business uses. ZEEKR 009 is the world’s first premium MPV based on a pure-electric platform, according to Frost & Sullivan. ZEEKR 009 has enjoyed wide popularity since launch, and the company started to deliver ZEEKR 009 to its customers in January 2023. In April 2024, the company launched ZEEKR 009 Grand, a luxury version of ZEEKR 009 featuring enhanced safety, privacy, and intelligence. The company also released ZEEKR MIX, its MPV model, in the same month. • ZEEKR X. In April 2023, the company released ZEEKR X, its compact SUV model featuring spacious interior design, advanced technology, and superior driving performance. The company began to deliver ZEEKR X in June 2023. • ZEEKR Upscale Sedan Model. In November 2023, the company launched its first upscale sedan model targeting tech-savvy adults and families. Powered by 800V architecture and multi-link suspension structure, the company's upscale sedan model is expected to achieve a $2.84 s 0-100 km/h acceleration and a $688 km maximum CLTC range. The company began the delivery of its first upscale sedan model in January 2024. As a testament to the popularity of the company's current vehicle models and the company's capabilities, the company has achieved a total delivery of 10,000 units of ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end new energy vehicle models. premium BEV models in China. In October 2022, the company delivered 10,119 units of ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. As of December 31, 2023, the company delivered a total of 196,633 ZEEKR vehicles since the first vehicle delivery in October 2021, including 192,441 delivered in China. This is among the fastest delivery growth in the premium BEV market in China, according to Frost & Sullivan. As a premium BEV brand incubated by Geely Group, the company inherits unique competitive edges from Geely Group that are developed through years of execution experience at the frontier of the industry, such as innovative and agile engineering capabilities, robust R&D capabilities, deep industry expertise, extreme attention to safety, top-notch professionals, strong supply chain and manufacturing management capabilities, and operational know-how. Geely Group’s powerful and world-class brand equity also echoes product innovation, performance, and reliability in its broad customer base, which, in turn, contributes to the significant consumer interest and demand for the ZEEKR brand. These competitive advantages enable the company to quickly incorporate customer needs and concepts into its products and manage the complex operation process to achieve the fast ramp-up of production and deliveries. The company also leverages Geely Group’s advanced and well-established manufacturing capacity, which helps retain effective oversight over key steps in procurement, manufacturing, and product quality control with minimal capital outlay. At the same time, the company's BEVs are manufactured at the ZEEKR Factory, the Chengdu Factory, and the Meishan Factory, which are owned and operated by Geely Group, and Geely Holding was the company's largest supplier for 2022 and 2023. Furthermore, before the launch of ZEEKR 001, a significant portion of the company's revenue has historically been derived from sales of batteries and other components and research and development services to Geely Group. The company has strong in-house technological capabilities focusing on electrification and intelligentization. The company's in-house design, engineering, and R&D enable it to achieve high product development efficiency and rapid product iteration, as well as to provide engineering services to external parties. In particular, the company's in-house capabilities are also supported by (i) the Sweden-based R&D center CEVT in the research and development of intelligent mobility solutions, and (ii) Ningbo Viridi, the company's PRC subsidiary focused on products and systems relating to batteries, motors, electric control, power solutions, and energy storage. Leveraging the company's in-house E/E Architecture design and operating system, ZEEKR OS, it continuously updates its BEV functions through effective and efficient FOTA. The company deploys cutting-edge autonomous driving technology into its BEVs by world-leading players such as Mobileye and has also announced plans to integrate NVIDIA DRIVE Thor, the 2,000 TOPS AV superchip, into its centralized vehicle computer for the next generation of intelligent BEVs. The company also offers an intelligent cockpit to deliver interactive, immersive, and enjoyable driving experiences. The company operates in a rapidly growing market with extensive potential. Driven by improving battery and smart technologies, supportive regulatory policies, and enhancement of charging infrastructure, China’s BEV market has substantial room for growth in both volume and BEV penetration. China’s BEV sales volume is expected to be approximately five times to 13.7 million units in 2028 from 2021, according to Frost & Sullivan. The premium BEV market is expected to experience an even faster growth, almost increasing to more than seven times the volume in 2021 by 2028, according to Frost & Sullivan. The European BEV market has significant size and growth potential, which is expected to reach 5.3 million units in sales volume in 2028, representing a CAGR of 18.6% from 2024 to 2028, according to Frost & Sullivan. The company has started to deliver a specific model in Europe in December 2023. In the future, the company also plans to tap into the robotaxi market in the United States. As a pioneer in the automobile industry, the company has been and will continue to devote itself to the deployment of next-generation autonomous driving solutions. • Company vehicles deploy the autonomous driving technologies, which assist drivers in various driving scenarios, such as changing lanes and pilot assist driving on highways.  
• Company 001, Company 001 FR, and Company 009 are equipped with advanced hardware developed by the company's partners, such as the 7nm Mobileye EyeQ5H chip and Falcon Eye Vidar System with seven 8-megapixel cameras. According to Frost & Sullivan, the company was the first to deploy the Mobileye EyeQ5H chipset on battery electric vehicles (BEVs) in China. The company's upscale sedan model adopts the NVIDIA DRIVE Orin platform to power the company's proprietary intelligent autonomous driving systems. Company 001 (2024 model) incorporates Mobileye’s latest generation of intelligent driving solutions with upgrades across hardware, architecture, and algorithms. Company 001 utilizes Mobileye’s latest EVO domain control platform with faster transmission, enhanced performance, and more stable system operation. Paired with the latest perception algorithms, Company 001 significantly improves the detection precision of vehicles, pedestrians, and objects. Furthermore, Company 001 can identify a variety of non-standard obstacles outside the system’s database. The company plans to continuously upgrade the autonomous driving technology on its battery electric vehicles (BEVs). The company is a fast-growing battery electric vehicle (BEV) technology company developing and offering next-generation premium BEVs and technology-driven solutions to lead the electrification, intelligentization, and innovation of the automobile industry. The company is an independently-run startup-style company led by key management with diversified backgrounds. Since inception, the company has been dedicated to serving its customers by leveraging top-notch technology, advanced product concepts, and an enriched entrepreneurial spirit that embraces creativity and innovation. The company is strategically positioned as a premium BEV brand that delivers an ultimate experience covering driving, charging, after-sale service, and customer community engagement. The company’s product family meets a wide spectrum of customer needs in different mobility and travel scenarios and is highly customized with a wide selection of vehicle configurations. Within less than two years since the company’s inception, the company has launched two commercialized electric vehicle models, Model A and Model B. Model A is a five-seater crossover shooting brake BEV model targeting the premium market and mainly addressing the customer need for practical yet stylish traveling. Model B is a luxury six-seater MPV addressing the customer need for luxury mobility. The company's products have been well received by the market, as the company has achieved a total delivery of 10,000 units of Model A in less than four months since its initial delivery on October 23, 2021, which, according to Frost & Sullivan, sets a new record among the major mid- to high-end NEV models and premium BEV models in China. Waymo recently showcased its vehicle integrated with Waymo's technology at a reveal event in Los Angeles in November 2022. The company's current and future models will be primarily based on Geely Holding’s proprietary SEA, which is highly agile, compatible, and enables the company to quickly build and launch a wide range of vehicle models catering to different demands in the premium BEV segment. Developed based on SEA, the models embody impressive vehicle performance, FOTA-enabled upgrades, superior driving and riding experiences, as well as striking and trendy designs that provide a comprehensive smart mobility experience to the company's customers. • Outstanding battery and range performance. The up-to-100kWh battery on the model supports a maximum CLTC range of 732 km, which is ahead of most of the BEV models of the company's peers, according to Frost & Sullivan. According to Frost & Sullivan, another model is the world’s first pure-electric MPV model with over 800 km CLTC range, and it has the longest all-electric range in the MPV market so far. • State-of-the-art autonomous driving expertise. The models are equipped with 7 nm Mobileye EyeQ5H high-performance chips and Falcon Eye Vidar systems, both of which bring out the full potential of the company’s autonomous driving suite. • Extensive customization options with fast launch pace enabled by SEA. The company offers customers a large number of different setup combinations and customization options. • Maverick driving performance that stands out among its peers. Equipped with industry-leading driving metrics, the company's BEVs hold the leading position in the industry based on key performance metrics, according to Frost & Sullivan. See “Industry Overview — Competitive Landscape.”  
• Premium in-vehicle configurations and distinct exterior design to enhance user experience and meet demands for individuality. The company offers drivers and passengers a suite of in-vehicle configurations featuring comfort and pleasure. According to Frost & Sullivan, the company's model offers more competitive specifications compared with BEVs of similar price ranges. The company's model also embodies a stylish exterior, which is suitable for the company's customers with bold and expressive lifestyles. Featuring unique exterior and interior design and proprietary technologies, ZEEKR 001 FR is designed to offer outstanding vehicle performance with various driving modes. The company started to deliver ZEEKR 001 FR in November 2023. • ZEEKR 009. In November 2022, the company launched its second model, ZEEKR 009, a luxury six-seater MPV model providing a comfortable, ultra-luxury mobility experience for both families and business uses. ZEEKR 009 is the world’s first premium MPV based on a pure-electric platform, according to Frost & Sullivan. ZEEKR 009 has enjoyed wide popularity since launch, and the company started to deliver ZEEKR 009 to its customers in January 2023. • ZEEKR X. In April 2023, the company released ZEEKR X, its compact SUV model featuring spacious interior design, advanced technology, and superior driving performance. The company began to deliver ZEEKR X in June 2023. In November 2023, the company also launched its first upscale sedan model targeting tech-savvy adults and families. Powered by 800V architecture and a multi-link suspension structure, the company's upscale sedan model is expected to achieve a 2.84 seconds 0-100 km/h acceleration and an 870 km maximum CLTC range. The company expects to begin the delivery of its first upscale sedan model in early 2024. The company's current and future BEV models will define its success. Going forward, the company plans to capture the extensive potential of the premium BEV market globally through an expanding portfolio of vehicles. For instance, the company plans to launch vehicles for the next generation mobility lifestyle. The widely compatible SEA enables robust R&D capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant competitive advantages in the market. SEA also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip its model with CATL’s latest Qilin battery, making it the first mass-produced BEV model equipped with Qilin battery, according to Frost & Sullivan. Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, its extended range version is the world’s first pure-electric MPV model with an over 800 km CLTC range and the longest all-electric range in the MPV market by the end of October 2023, according to Frost & Sullivan. As a premium BEV brand incubated by Geely Group, the company inherits unique competitive edges from Geely Group that are developed through years of execution experience at the frontier of the industry, such as innovative and agile engineering capabilities, robust R&D capabilities, deep industry expertise, extreme attention to safety, top-notch professionals, strong supply chain and manufacturing management capabilities, and operational know-how. Geely Group’s powerful and world-class brand equity also echoes product innovation, performance, and reliability in its broad customer base, which, in turn, contributes to the significant consumer interest and demand for the brand. These competitive advantages enable the company to quickly incorporate customer needs and concepts into its products and manage the complex operation process to achieve the fast ramp-up of production and deliveries. Through these future models, the company intends to provide premium mobility solutions of innovation, comfort, and intelligence, as well as a spacious and luxurious high-tech experience with enhanced performance. As a testament to the popularity of the company's current products and capabilities, the company has achieved a total delivery of 10,000 units of MODEL 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end NEV models and premium BEV models in China. In October 2022, the company delivered 10,119 units of MODEL 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. As of October 31, 2023, cumulatively the company had delivered a total of 170,053 units of MODEL vehicles, which is among the fastest delivery in the premium BEV market in China from October 2021 to October 2023, according to Frost & Sullivan. The development of the company's BEV models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pickup truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The company depends on Geely Holding to allow it to continue to utilize SEA, which is currently the most suitable platform for the company. The company also leverages Geely Group’s advanced and well-established manufacturing capacity, which helps retain effective oversight over key steps in procurement, manufacturing, and product quality control with minimal capital outlay. At the same time, the company's BEVs are manufactured at the ZEEKR Factory or the Chengdu Factory, which are owned and operated by Geely Group, and Geely Holding was the company's largest supplier for 2022 and the nine months ended September 30, 2023. Furthermore, before the launch of ZEEKR 001, a significant portion of the company's revenue has historically been derived from the sales of batteries and other components and research and development services to Geely Group. The company has strong in-house technological capabilities focusing on electrification and intelligentization. The company's in-house design, engineering, and R&D enable the company to achieve high product development efficiency and rapid product iteration, as well as to provide engineering services to external parties. In particular, the company's in-house capabilities are also supported by (i) the Sweden-based R&D center CEVT in the research and development of intelligent mobility solutions, and (ii) Ningbo Viridi, the company's PRC subsidiary focused on products and systems relating to battery, motor and electric control, power solutions, and energy storage. Leveraging the company's in-house E/E Architecture design and operating system, ZEEKR OS, the company continuously updates its BEV functions through effective and efficient FOTA. The company deploys cutting-edge autonomous driving technology into its BEVs by world-leading players such as Mobileye and has also announced plans to integrate NVIDIA DRIVE Thor, the 2,000 TOPS AV superchip, into its centralized vehicle computer for the next generation of intelligent BEVs. The company also offers an intelligent cockpit to deliver interactive, immersive, and enjoyable driving experiences. To successfully achieve the company's mission, the company assembled a top-notch management team with diversified yet complementary backgrounds and experiences. The company's management team possesses entrepreneurial spirit, deep automotive and technology sector expertise along with customer-centric operation experience, which are essential to driving the company's future development. The company's co-founder and CEO Conghui An has over 25 years’ experience in multiple executive management positions in Geely Group and accumulated profound industry insights and senior management experience with an excellent track record. In addition to the company, Mr. An has successfully established, developed, and operated both Geely and Lynk&Co, two well-established vehicle brands of Geely Group. The company is guided by its customer-oriented principle to provide customers with service and experience in every aspect of their journey with the company. The company adopts a customer-oriented DTC sales model with a focus on innovative and interactive engagement with its customers. The company has established extensive customer touchpoints including 18 Centers, 219 Spaces, 29 Delivery Centers, and 40 Houses as of June 30, 2023. In addition, the company closely interacts with customers by building an integrated online and offline customer community to provide a holistic experience that goes beyond the purchase of intelligent BEVs. Within the APP, customers can enjoy one-stop car purchase, charging solutions, financial services, roadside assistance, intelligent car control, online shopping of lifestyle products, social interaction, and seamless communication with the customer services team. The company also holds a variety of offline customer events to nurture a vibrant user community. The company's customer engagement efforts enable it to better understand customer needs to be incorporated into future product design and continuously strengthen customer loyalty and stickiness. Underpinned by the company's superior capability in supply chain and manufacturing planning and management, it is also able to offer a wide range of customized options in terms of vehicle designs and functionalities, which are highly appreciated by its customers. The company has established a comprehensive charging network and provided hassle-free charging services through at-home charging solutions, on-the-road charging solutions, and $2 4 / 7$ charging fleets. The ultra charging stations, in particular, provide users with an ultimate charging experience through proprietary ultra-fast charging technology developed by Ningbo Viridi. As of June 30, 2023, there were 746 charging stations with different charging capabilities, including 321 ultra charging stations, 308 super charging stations, and 117 light charging stations, covering over 120 cities in China, further supported by third-party charging stations that cover over 340 cities in China with over 520 thousand charging piles in total. The company has established in-depth partnerships with a number of internationally renowned smart mobility companies, laying a solid foundation for its business development and global expansion. For example, the company collaborates with Mobileye, a subsidiary of Intel and one of its strategic investors, for consumer-ready autonomous driving solutions. The company is working with Waymo, a leader in L4 autonomous driving technology, to supply vehicles for the Waymo One Fleet. The vehicles are purpose-built TaaS vehicles based on SEA-M, which is an advanced version of SEA and a high-tech mobility solution that supports a range of future mobility products including robotaxis and logistics vehicles. Furthermore, the company has deep relationships with a range of leading suppliers, such as CATL, Bosch, and Aptiv. In addition, the company has a relationship with Onsemi, a leader in intelligent power and sensor technologies. The company will be provided with Onsemi’s EliteSiC, its silicon carbide power devices, to enhance the performance, charging efficiency, and driving range for the company's BEV products. The company operates in a rapidly growing market with extensive potential. Driven by improving battery and smart technologies, supportive regulatory policies, and enhancement of charging infrastructure, China’s BEV market has substantial room for growth in both volume and BEV penetration. China’s BEV sales volume is expected to be more than five times to 14.0 million units in 2027 from 2021, according to Frost & Sullivan. The premium BEV market is expected to experience even faster growth, almost increasing to over six times the volume in 2021 by 2027, according to Frost & Sullivan. The European BEV market has significant size and growth potential, which is expected to reach 4.9 million units in sales volume in 2027, representing a CAGR of 23.8% from 2023 to 2027, according to Frost & Sullivan. In the future, the company also plans to tap into the BEV market in Europe and the robotaxi market in the United States. In December 2023, the company started to deliver the ZEEKR 001 in Europe. The company's revenue from vehicle sales amounted to RMB1,544.3 million and RMB19,671.2 million (US$2,696.2 million) in 2021 and 2022, and RMB10,820.2 million and RMB23,319.1 million (US$3,196.2 million) in the nine months ended September 30, 2022 and 2023, respectively, with a gross profit margin of $1.8\%$, $4.7\%$, $4.6\%$ and $14.8\%$, 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$4,372.2 million) in 2021 and 2022, and RMB18,467.5 million and RMB35,314.7 million (US$4,840.3 million) in the nine months ended September 30, 2022 and 2023, respectively, with a gross profit margin of $15.9\%$, $7.7\%$, $8.4\%$ and $12.8\%$, respectively. The company recorded a net loss of RMB4,514.3 million and RMB7,655.1 million (US$1,049.2 million) in 2021 and 2022, and RMB5,317.2 million and RMB5,326.3 million (US$730.0 million) in the nine months ended September 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. In November 2023, the company also launched its first upscale sedan model targeting tech-savvy adults and families. Powered by 800 V architecture and a multi-link suspension structure, the company's upscale sedan model is expected to achieve a 2.84 s 0 to 100 km/h acceleration and an 870 km maximum CLTC range. The company expects to begin the delivery of its first upscale sedan model in early 2024. The company's current and future BEV models will define its success. Going forward, the company plans to capture the extensive potential of the premium BEV market globally through an expanding portfolio of vehicles. For instance, the company plans to launch vehicles for next-generation mobility lifestyles. Through these future models, the company intends to provide premium mobility solutions of innovation, comfort, and intelligence, as well as a spacious and luxurious high-tech experience with enhanced performance. As a testament to the popularity of the company's current vehicle models and its capabilities, the company has achieved a total delivery of 10,000 units of the ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end NEV models and premium BEV models in China. In October 2022, the company delivered 10,119 units of the ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. As of October 31, 2023, The company is a fast-growing BEV technology company developing and offering next generation premium BEVs and technology-driven solutions to lead the electrification, intelligentization, and innovation of the automobile industry. The company is an independently-run startup-style company relying on its in-house R&D capabilities and self-owned sales and marketing network, among others. The company adopts a flat and efficient organizational structure led by key management with diversified backgrounds. Since inception, the company has been managed and directed by its executive officers, and save for Conghui An, who is currently an executive director of Geely Auto, none of the company's executive officers are members of management of Geely Auto. Additionally, Mr. An is expected to not hold any positions in Geely Auto prior to or upon the completion of the offering. While the company's chairman, Shufu Li, is also the chairman of Geely Auto, upon the completion of the offering, the directors that the company shares in common with Geely Auto will not have executive roles at the company. The company has been dedicated to serving its customers leveraging top-notch technology, advanced product concepts, and an enriched entrepreneurial spirit that embraces creativity and innovation. The company is strategically positioned as a premium BEV brand that delivers an ultimate experience covering driving, charging, after-sale service, and customer community engagement. The company’s product family meets a wide spectrum of customer needs in different mobility and travel scenarios and is highly customized with a wide selection of vehicle configurations. Within less than three years since the company’s inception, the company has launched multiple commercialized electric vehicle models, namely 001, 001 FR, 009, X, and an upscale sedan model. 001 is a five-seater crossover shooting brake BEV model targeting the premium market and mainly addressing the customer need for practical yet stylish traveling. The company released 001 (2024 model) in February 2024 and started vehicle delivery in March 2024. 009 is a luxury six-seater MPV addressing the customer need for luxury mobility. In April 2023, the company released X, the compact SUV model, and began to deliver X in June 2023. The company also started to deliver 001 FR in November 2023 and began to deliver the first upscale sedan model in January 2024. In addition to major upgrades such as the release of 001 (2024 model), the company has also been continuously fine-tuning and improving the performance of its other BEV models. For example, the company updated the interior configurations of 009 and improved the chassis system of X in 2024. In April 2024, the company launched 009 Grand, a luxury version of 009 featuring enhanced safety, privacy, and intelligence. The company also released MIX, the MPV model, in the same month. The company's products have been well received by the market, achieving a total delivery of 10,000 units of ZEEKR 001 in less than four months since its initial delivery in October 2021, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end NEV models and premium BEV models in China. The company's current and future models will be primarily based on Geely Holding’s proprietary SEA, which is highly agile, compatible, and enables the company to quickly build and launch a wide range of vehicle models catering to different demands in the premium BEV segment. Developed based on SEA, ZEEKR vehicles embody impressive vehicle performance, FOTA-enabled upgrades, superior driving and riding experiences, as well as striking and trendy designs that provide a comprehensive smart mobility experience to the company's customers. • Outstanding battery and range performance. The up-to- $100 \mathrm{kWh}$ battery supports a maximum CLTC range of $741 \mathrm{km}$ on ZEEKR 001 and $750 \mathrm{km}$ on ZEEKR 001 (2024 model), respectively, which is ahead of most of the BEV models of the company's peers, according to Frost & Sullivan. According to Frost & Sullivan, ZEEKR 009 is the world’s first pure-electric MPV model with over $800 \mathrm{km}$ CLTC range, and it has the longest all-electric range in the MPV market by the end of February 2024. • State-of-the-art autonomous driving expertise. ZEEKR 001, ZEEKR 009, and ZEEKR 001 FR are equipped with 7nm Mobileye EyeQ5H high-performance chips and Falcon Eye Vidar systems, all of which bring out the full potential of the company’s autonomous driving suite. The upscale sedan model adopts the NVIDIA DRIVE Orin platform to power the company's proprietary intelligent autonomous driving systems. In addition, the 2024 model incorporates the latest Mobileye EVO domain control platform, which enables bolstered performance and heightened system stability. • Extensive customization options with fast launch pace enabled by SEA. The company offers customers a large number of different setup combinations and customization options.  
• Maverick driving performance that stands out among its peers. Equipped with industry-leading driving metrics, the company's BEVs hold the leading position in the industry based on key performance metrics, according to Frost & Sullivan. See “Industry Overview — Competitive Landscape.”  
• Premium in-vehicle configurations and distinct exterior design to enhance user experience and meet demands for individuality. The company offers drivers and passengers a suite of in-vehicle configurations featuring comfort and pleasure. According to Frost & Sullivan, the 2024 model offers more competitive specifications compared with BEVs of similar price ranges. The 2024 model also embodies a stylish exterior, which is suitable for customers with bold and expressive lifestyles. For instance, the Grand model offers two separate rear seats, each equipped with electric adjustments, heating and massage functions, ensuring comprehensive comfort for passengers. Additionally, the Grand model features a 43-inch ultra-large 4K screen and an 8-inch smart control screen running OS 6.0, which is paired with a 31-speaker YAMAHA premium sound system. Such setup not only satisfies passengers’ entertainment needs but also supports quality online conferencing. 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 in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, a deep understanding of products, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, as well as 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. The company strategically spearheaded the premium intelligent BEV market with unique positioning, featuring a strong sense of technology, in-house R&D capabilities, stylish design, high-caliber performance, and a premium user experience. The current product portfolio primarily includes ZEEKR 001, ZEEKR 001 FR, ZEEKR 009, and ZEEKR X. 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 October 2023, the company released ZEEKR 001 FR, its latest cross-over hatchback vehicle model based on ZEEKR 001. Featuring unique exterior and interior design and proprietary technologies, ZEEKR 001 FR is designed to offer outstanding vehicle performance with various driving modes. The company started to deliver ZEEKR 001 FR in November 2023. • ZEEKR 009. In November 2022, the company launched its second model, ZEEKR 009, a luxury six-seater MPV model providing a comfortable, ultra-luxury mobility experience for both families and business uses. ZEEKR 009 is the world’s first premium MPV based on a pure-electric platform, according to Frost & Sullivan. ZEEKR 009 has enjoyed wide popularity since launch, and the company started to deliver ZEEKR 009 to its customers in January 2023. ZEEKR X. In April 2023, the company released ZEEKR X, its compact SUV model featuring spacious interior design, advanced technology, and superior driving performance. The company began to deliver ZEEKR X in June 2023. The company's current and future BEV models will define its success. Going forward, the company plans to capture the extensive potential of the premium BEV market globally through an expanding portfolio of vehicles. For instance, in November 2023, the company will launch its first premium sedan model targeting tech-savvy adults and families. The company also plans to launch vehicles for the next generation mobility lifestyle. Through these future models, the company intends to provide premium mobility solutions of innovation, comfort, and intelligence, as well as a spacious and luxurious high-tech experience with enhanced performance. As a testament to the popularity of the company's current products and capabilities, the company has achieved a total delivery of 10,000 units of ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end NEV models and premium BEV models in China. In October 2022, the company delivered 10,119 units of ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over 10,000 units of single-month delivery volume, according to Frost & Sullivan. As of October 31, 2023, cumulatively the company had delivered a total of 170,053 units of ZEEKR vehicles, which is among the fastest delivery in the premium BEV market in China from October 2021 to October 2023, according to Frost & Sullivan. The development of the company's BEV models is powered by SEA, a set of open-source, electric and modularized platforms owned by Geely Holding compatible with A segment to E segment, covering sedan, SUV, MPV, hatchback, roadster, pick-up truck, and robotaxi, which have a wheelbase mainly between 1,800 mm to 3,300 mm. The company depends on Geely Holding to allow it to continue to utilize SEA, which is currently the most suitable platform for the company. The widely compatible SEA enables robust R&D capabilities, execution efficiency, cost efficiency, and control consistency in the vehicle development process, giving the company's BEVs significant competitive advantages in the market. SEA also offers the flexibility to quickly adopt and accommodate the latest and most advanced technology improvements. For example, the company was able to equip Model 009 with CATL’s latest Qilin battery, making Model 009 the first mass-produced BEV model equipped with Qilin battery, according to Frost & Sullivan. Together with the company's proprietary advanced battery solutions and highly efficient electric drive system, Model 009’s extended range version is the world’s first pure-electric MPV model with an over 800 km CLTC range and the longest all-electric range in the MPV market by the end of October 2023, according to Frost & Sullivan. As a premium BEV brand incubated by Geely Group, the company inherits unique competitive edges from Geely Group that are developed through years of execution experience at the frontier of the industry, such as innovative and agile engineering capabilities, robust R&D capabilities, deep industry expertise, extreme attention to safety, top-notch professionals, strong supply chain and manufacturing management capabilities, and operational know-how. Geely Group’s powerful and world-class brand equity also echoes product innovation, performance, and reliability in its broad customer base, which, in turn, contributes to the significant consumer interest and demand for the Model brand. These competitive advantages enable the company to quickly incorporate customer needs and concepts into its products and manage the complex operation process to achieve the fast ramp-up of production and deliveries. The company also leverages Geely Group’s advanced and well-established manufacturing capacity, which helps retain effective oversight over key steps in procurement, manufacturing, and product quality control with minimal capital outlay. At the same time, the company's BEVs are manufactured at the ZEEKR Factory or the Chengdu Factory, which are owned and operated by Geely Group, and Geely Holding was the company's largest supplier for 2022 and the six months ended June 30, 2023. Furthermore, before the launch of ZEEKR 001, a significant portion of the company's revenue has historically been derived from the sales of batteries and other components and research and development services to Geely Group. The company has strong in-house technological capabilities focusing on electrification and intelligentization. The company's in-house design, engineering, and R&D enable the company to achieve high product development efficiency and rapid product iteration, as well as to provide engineering services to external parties. In particular, the company's in-house capabilities are also supported by (i) the Sweden-based R&D center CEVT in the research and development of intelligent mobility solutions, and (ii) Ningbo Viridi, the company's PRC subsidiary focused on the products and systems relating to battery, motor and electric control, power solutions, and energy storage. Leveraging the company's in-house E/E Architecture design and operating system, ZEEKR OS, the company continuously updates its BEV functions through effective and efficient FOTA. The company deploys cutting-edge autonomous driving technology into its BEVs by world-leading players such as Mobileye and has also announced its plan to integrate NVIDIA DRIVE Thor, the 2,000 TOPS AV superchip, into its centralized vehicle computer for the next generation of intelligent BEVs. The company also offers an intelligent cockpit to deliver interactive, immersive, and enjoyable driving experiences. To successfully achieve the company's mission, the company assembled a top-notch management team with diversified yet complementary backgrounds and experiences. The company's management team possesses entrepreneurial spirit, deep automotive and technology sector expertise along with customer-centric operation experience, which are essential to driving the company's future development. The company's co-founder and CEO Conghui An has over 25 years’ experience in multiple executive management positions in Geely Group and accumulated profound industry insights and senior management experience with an excellent track record. In addition to the company, Mr. An has successfully established, developed, and operated both Geely and Lynk&Co, two well-established vehicle brands of Geely Group. The company is guided by its customer-oriented principle to provide customers with service and experience in every aspect of their journey with the company. The company adopts a customer-oriented DTC sales model with a focus on innovative and interactive engagement with its customers. The company has established extensive customer touchpoints including 18 Centers, 219 Spaces, 29 Delivery Centers, and 40 Houses as of June 30, 2023. In addition, the company closely interacts with customers by building an integrated online and offline customer community to provide a holistic experience that goes beyond the purchase of intelligent BEVs. Within the APP, customers can enjoy one-stop car purchase, charging solutions, financial services, roadside assistance, intelligent car control, online shopping of lifestyle products, social interaction, and seamless communication with the customer services team. The company also holds a variety of offline customer events to nurture a vibrant user community. The company's customer engagement efforts enable the company to better understand customer needs to be incorporated into future product design and continuously strengthen customer loyalty and stickiness. Underpinned by the company's superior capability in supply chain and manufacturing planning and management, the company is also able to offer a wide range of customized options in terms of vehicle designs and functionalities, which are highly appreciated by its customers. The company has established a comprehensive charging network and provided hassle-free charging services through at-home charging solutions, on-the-road charging solutions, and 24/7 charging fleets. The ultra charging stations, in particular, provide users with an ultimate charging experience through the company's proprietary ultra-fast charging technology developed by Ningbo Viridi. As of June 30, 2023, there were 746 charging stations with different charging capabilities, including 321 ultra charging stations, 308 super charging stations, and 117 light charging stations, covering over 120 cities in China, further supported by third-party charging stations that cover over 340 cities in China with over 520 thousand charging piles in total. The company has established in-depth partnerships with a number of internationally renowned smart mobility companies, laying a solid foundation for the company's business development and global expansion. For example, the company collaborates with Mobileye, a subsidiary of Intel and one of the company's strategic investors, for consumer-ready autonomous driving solutions. The company is working with Waymo, a leader in L4 autonomous driving technology, to supply vehicles for the Waymo One Fleet. The vehicles are purpose-built TaaS vehicles based on SEA-M, which is an advanced version of SEA and a high-tech mobility solution that supports a range of future mobility products including robotaxis and logistics vehicles. Furthermore, the company has deep relationships with a range of leading suppliers, such as CATL, Bosch, and Aptiv. In addition, the company has a relationship with Onsemi, a leader in intelligent power and sensor technologies. The company will be provided with Onsemi’s EliteSiC, its silicon carbide power devices, to enhance the performance, charging efficiency, and driving range for the company's BEV products. The company operates in a rapidly growing market with extensive potential. Driven by improving battery and smart technologies, supportive regulatory policies, and enhancement of charging infrastructure, China’s BEV market has substantial room for growth in both volume and BEV penetration. China’s BEV sales volume is expected to be more than five times to 14.0 million units in 2027 from 2021, according to Frost & Sullivan. The premium BEV market is expected to experience even faster growth, almost increasing to over six times the volume in 2021 by 2027, according to Frost & Sullivan. The European BEV market has significant size and growth potential, which is expected to reach 4.9 million units in sales volume in 2027, representing a CAGR of 23.8% from 2023 to 2027, according to Frost & Sullivan. In the future, the company also plans to tap into the BEV market in Europe and the robotaxi market in the United States. 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 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. To successfully achieve the company's mission, the company assembled a top-notch management team with diversified yet complementary backgrounds and experiences. The company's management team possesses entrepreneurial spirit, deep automotive and technology sector expertise along with customer-centric operation experience, which are essential to driving the company's future development. The company's co-founder and CEO Conghui An has over 25 years’ experience in multiple executive management positions in Geely Group and accumulated profound industry insights and senior management experience with an excellent track record. In addition to the company, Mr. An has successfully established, developed, and operated both Geely and Lynk&Co, two well-established vehicle brands of Geely Group. The company is guided by its customer-oriented principle to provide customers with service and experience in every aspect of their journey with the company. The company adopts a customer-oriented direct-to-consumer (DTC) sales model with a focus on innovative and interactive engagement with its customers. The company has established extensive customer touchpoints including 18 Centers, 219 Spaces, 29 Delivery Centers, and 40 Houses as of June 30, 2023. In addition, the company closely interacts with customers through building an integrated online and offline customer community to provide a holistic experience that goes beyond the purchase of intelligent battery electric vehicles (BEVs). Within the APP, customers can enjoy one-stop car purchase, charging solutions, financial services, roadside assistance, intelligent car control, online shopping of lifestyle products, social interaction, and seamless communication with the customer services team. The company also holds a variety of offline customer events to nurture a vibrant user community. The company's customer engagement efforts enable the company to better understand customer needs to be incorporated into future product design, and continuously strengthen customer loyalty and stickiness. Underpinned by the company's superior capability in supply chain and manufacturing planning and management, the company is also able to offer a wide range of customized options in terms of vehicle designs and functionalities, which are highly appreciated by its customers. [Table Level]
- Table Title: Key Features and Advantages of SEA
- Table Summary: The table outlines the main benefits and innovative aspects of the Sustainable Experience Architecture (SEA), a modular platform developed for electric vehicles. It highlights features such as compatibility, efficient software solutions, a superior four-wheel drive system, cutting-edge technology, safety standards, and capabilities for autonomous driving.
- Context: The Sustainable Experience Architecture (SEA) is a modular and electric vehicle platform developed by a leading automotive group, allowing varied battery electric vehicle (BEV) model development with comprehensive research and development experience. The platform ensures streamlined vehicle design, significant compatibility, and innovative technology implementations.
- Special Notes: Measurements such as wheelbase in millimeters, speed in km/h, torque in Nm, and battery outputs in kW are mentioned. The mention of OTA and FOTA refers to over-the-air and full scenario over-the-air updates, respectively. CTP battery denotes Cell-to-Pack technology.

[Row Level]
Row 1: The SEA platform covers a wheelbase range of 1,800 to 3,300 mm, offering wide coverage across A-E segment vehicles, and is compatible with sedans, SUVs, sports cars, MPVs, and pick-up models. The platform supports multiple models under development from different brands.

Row 2: The SEA's software solutions reduce the software development cycle by 50%, enabling comprehensive OTA upgrades for operating system updates, and provide full cycle FOTA for continuous software evolution.

Row 3: The electric four-wheel drive system of the SEA provides supercar level driving experiences, with acceleration from 0-100 km/h in less than 4 seconds and capabilities of over 80 km/h in the moose test.

Row 4: Featuring cutting-edge technology, the SEA platform includes a CTP battery with a longevity of 2 million km and a CLTC range exceeding 800 km. The platform supports an individual motor outputting up to 475 kW, with maximum wheel-end torque reaching 8,000 Nm.

Row 5: The SEA upholds top-notch safety standards with multiple safety systems, extensive battery safety tests, and the use of a Chinese National Standard cipher chip on the 5G T-Box to ensure user information security.

Row 6: The SEA's autonomous driving feature is compatible with leading technologies, powered by a 7nm Mobileye EyeQ5H chip, collaborating with a major autonomous driving company, and aiming to integrate NVIDIA's DRIVE Thor AV superchip in the future. [Table Level]
- Table Title: Key Features and Advantages of the Sustainable Experience Architecture (SEA)
- Table Summary: This table outlines the major attributes of the SEA platform developed by Geely Group, highlighting its compatibility, cutting-edge technology, safety standards, software solutions, driving system, and autonomous driving capabilities. Each section emphasizes the innovative aspects and advantages that the SEA platform offers in the development of battery electric vehicles (BEVs).
- Context: The Sustainable Experience Architecture (SEA) was introduced to streamline and optimize the design and engineering of battery electric vehicles (BEVs) and has been adopted for use by Geely Group's portfolio of brands. Its development has allowed for extensive experience and insights, positioning it as a leader in electric vehicle innovation.
- Special Notes: Key features include wheelbase measurements in millimeters (mm) and acceleration times in seconds. Battery longevity is denoted in Millions of Kilometers (MM km) with a range in kilometers (+ km), and engine outputs are given in kilowatts (kW) and Newton meters (Nm). Safety features include a Chinese National Standard cipher chip.

[Row Level]
Row 1: The unrivalled compatibility of the SEA platform covers a wheelbase range between 1,800mm and 3,300mm. The SEA platform supports a wide range of A-E segment vehicles, compatible with sedans, SUVs, sports cars, MPVs, and pick-up models, while allowing the development of multiple models across different brands.

Row 2: The SEA platform offers efficient software solutions with a 50% reduction in the software development cycle. It supports comprehensive and timely OTA upgrades to keep the operating system updated, along with full cycle and full scenario FOTA to ensure continuous software evolution.

Row 3: The electric 4-wheel drive system on the SEA platform provides a supercar level driving experience, capable of accelerating from 0-100km/h in under 4 seconds and reaching over 80km/h in the moose test.

Row 4: Incorporating cutting-edge technology, the SEA platform deploys a CTP battery promising 2MM km longevity and over 800km CLTC range. It features an individual motor with a maximum output of 475kW and a wheel-end torque reaching up to 8,000Nm.

Row 5: The SEA platform maintains top-notch safety standards with multiple safety systems to protect drivers and passengers, conducting extensive battery safety tests applying strict standards, and employing a Chinese National Standard cipher chip on the 5G T-Box to ensure user information security.

Row 6: For autonomous driving, the open-source nature of the SEA platform allows compatibility with leading technologies, leveraging a 7nm Mobileye EyeQ5H chip and collaborating with Waymo, with plans to integrate NVIDIA's DRIVE Thor AV superchip in the future. [Table Level]
- Table Title: Key Features of company 001 (2024 model)
- Table Summary: The table outlines the major specifications and features of the company 001 (2024 model) across several categories. These include aspects of power, performance, connectivity, intelligence, and comfort, showcasing upgrades in battery capacity, acceleration, cabin technology, and safety systems.
- Context: The company 001 (2024 model) has been significantly upgraded with a new 800V high-voltage system, an advanced Qualcomm Snapdragon 8295 chip, and a robust Mobileye EVO domain control platform. The vehicle's performance, safety, and comfort have been enhanced with faster acceleration, an advanced AR-HUD, and dual-chamber air suspension.
- Special Notes: Acceleration time is footnoted with a note "(2)" in the table, and original context indicates the importance of this feature as significantly improved over the previous model.

[Row Level]
Row 1: The company 001 (2024 model) features a robust power system with a battery capacity of 100kWh, a CLTC range of 705km, and is powered by a Ternary Lithium Battery. The vehicle supports ultra-fast charging through an 800V Platform.

Row 2: In terms of performance, the company 001 (2024 model) achieves a maximum power output of 580kW and can accelerate from 0 to 100 km/h in 3.3 seconds, with a peak torque of 810 N·m and a maximum speed of 240 km/h.

Row 3: For connectivity, the company 001 (2024 model) is equipped with a frameless automatic power door, a 35.5-inch AR Head-Up Display, the 8295 Intelligent Cockpit Platform, and a top audio system by YAMAHA.

Row 4: The intelligence capabilities of the company 001 (2024 model) include a high-performance 7nm Mobileye EyeQ5H chip, a domain control platform supporting Mobileye EVO and LiDAR, in-car interaction through eye control, and an autonomous driving system dubbed company AD.

Row 5: The comfort of the company 001 (2024 model) is enhanced by a dual-chamber air suspension, a smart magic carpet with active adjustment of stiffness, a light-sensitive smart canopy controlled by area, and a healing mode that includes ventilation, massage, and auto-adjusted light, smell, and temperature. [Table Level]  
- Table Title: Key Features of 001 (2024 model)  
- Table Summary: The table outlines the key features and specifications of the 001 (2024 model) across various aspects including power, performance, connectivity, intelligence, and comfort. It highlights the technological enhancements and specifications that distinguish the vehicle, such as battery capacity, acceleration rates, and advanced audio systems.  
- Context: The 001 (2024 model) has been upgraded to enhance performance, safety, and comfort with state-of-the-art technology like the Qualcomm Snapdragon 8295 chip and Mobileye EVO platform. The model focuses on providing a luxury mobility experience, combining swift acceleration with cutting-edge features.  
- Special Notes: The table includes a notation for acceleration marked with a superscript (2), indicating there might be additional information or a footnote regarding this metric.  

[Row Level]  
Row 1: Under the 'Power' category, the 001 (2024 model) features a battery capacity of 100 kWh, a CLTC range of 705 km, utilizes a ternary lithium battery, and supports ultra-fast charging through an 800V platform.  

Row 2: The 'Performance' section specifies that the 001 (2024 model) can generate a maximum power of 580 kW and accelerate from 0-100 km/h in just 3.3 seconds. It also exhibits a peak torque of 810 N·m and can reach a maximum speed of 240 km/h.  

Row 3: In terms of 'Connectivity', the 001 (2024 model) includes a frameless automatic 'Power Door', a 35.5-inch AR HUD, an 8295 Intelligent Cockpit Platform, and is equipped with a top audio system by YAMAHA.  

Row 4: The 'Intelligence' features of the 001 (2024 model) are driven by a high-performance 7nm Mobileye EyeQ5H chip. The domain control platform, Mobileye EVO, supports LiDAR, facilitating eye control for in-car interactions and autonomous driving through the AD system.  

Row 5: The 'Comfort' aspects of the 001 (2024 model) include dual-chamber air suspension that provides an active adjustment of stiffness, a 'Smart Canopy' that is light-sensitive with control by area, and a 'Healing Mode' providing ventilation, massage, and auto-adjustments for light, smell, and temperature. The company develops its BEV models on the SEA platform, an innovative platform tailor-made for BEV design and engineering. Therefore, if the company encounters any dysfunction with respect to the SEA platform, the vehicle design and production will be negatively impacted. Although the company would attempt to remedy any issues observed in the SEA platform as effectively and rapidly as possible, such efforts may not be timely, may hamper the vehicle development and production of the company's BEV models, or may not meet the requirements of the company's customers. Moreover, the company expects competition in the automotive industry to intensify in the future in light of increasing demand and regulatory push for alternative fuel vehicles, continuing globalization and consolidation in the worldwide automotive industry. The company's competitors may expedite their progress on upgrading their manufacturing infrastructure. The company cannot assure you that the SEA platform would always apply the most leading technologies in the industry. Any outdated development may adversely and negatively affect the demand for the company's future models and lead to customer dissatisfaction. These factors will materially and adversely affect the company's reputation, results of operations, and growth prospects. Furthermore, there can be no assurance that Geely Holding will always permit the company to utilize the SEA platform. In the event that the company has to develop its own BEV platform or explore cooperation with other BEV platform providers, the company would incur significant costs, and its results of operations and financial condition could be materially and adversely affected. [Table Level]
- Table Title: Key Features of company 001 (2024 Model)
- Table Summary: The table provides an overview of the key features and specifications for the company 001 (2024 model) across categories like Power, Performance, Connectivity, Intelligence, and Comfort. It highlights aspects such as battery capacity, driving range, charging platform, performance stats, and advanced technological features that enhance the driving experience and safety.
- Context: The company 001 (2024 model) is introduced with several upgraded features including a robust 800V high-voltage system, Qualcomm Snapdragon 8295 chip running on company OS 6.0, and an array of safety and performance technologies. The model is designed to elevate performance, safety, and luxury in mobility.
- Special Notes: The 0-100 km/h acceleration is listed with a notation "(2)", which might refer to additional context or footnotes not visible here.

[Row Level]
Row 1: Under Power, the company 001 (2024 model) has a Battery Capacity of 100 kWh, a CLTC Range of 705 km, utilizes a Ternary Lithium Battery, and supports Ultra-fast Charging with an 800V Platform.

Row 2: In the Performance category, the company 001 (2024 model) is equipped with a Max Power of 580 kW, a 0-100 km/h Acceleration time of 3.3 seconds, offers a Peak Torque of 810 N·m, and can achieve a Max Speed of 240 km/h.

Row 3: For Connectivity, the company 001 (2024 model) features a Frameless Automatic Door with Power Door capabilities, a 35.5-inch AR HUD for advanced display, an 8295 Intelligent Cockpit Platform, and is equipped with a YAMAHA Top Audio System.

Row 4: Within Intelligence, the company 001 (2024 model) uses a High Performance Chip, specifically the 7nm Mobileye EyeQ5H, is supported by a Mobileye EVO Domain Control Platform with LiDAR support, includes Eye Control for In-car Interaction, and has company AD for Autonomous Driving.

Row 5: In the Comfort category, the company 001 (2024 model) is equipped with Dual-Chamber Air Suspension, features Smart Magic Carpet with Active Adjustment of Stiffness of Air Suspension, offers a Smart Canopy with Light Sensitive Control by Area, and a Healing Mode providing Ventilation, Massage, Auto-adjusted Light, Smell and Temperature. [Table Level]
- Table Title: Key Features and Advantages of SEA (Sustainable Experience Architecture)
- Table Summary: The table outlines the key features and benefits of the Sustainable Experience Architecture (SEA) used in electric vehicle design and development. It highlights six key areas: compatibility across different vehicle types, efficient software solutions, a high-performance electric drive system, cutting-edge technology, stringent safety standards, and advanced autonomous driving capabilities.
- Context: The Sustainable Electric Architecture (SEA) was developed by Geely Group to optimize and innovate battery electric vehicle (BEV) design and engineering. The platform allows for consistency between design and production and is used by Geely's company 001 and other brands for BEV development.
- Special Notes: The table presents features in a bullet-point format, emphasizing specifications and performance metrics (e.g., millimeters, kilometers, seconds, newton-meters).

[Row Level]
Row 1: The SEA platform offers "Unrivalled compatibility," covering a wheelbase range of 1,800 to 3,300 millimeters. The platform supports a wide variety of A-E segment vehicles, including sedans, SUVs, sports cars, MPVs, and pickup models, allowing for the development of multiple models across different brands.

Row 2: The "Efficient software solutions" category highlights a significant reduction in software development cycles by 50%. The architecture supports comprehensive and timely Over-The-Air (OTA) upgrades to keep the operating system current and enables continuous evolution through full-cycle and full-scenario Firmware Over-The-Air (FOTA) updates.

Row 3: Under "Electric 4-wheel drive system," SEA offers a supercar-level driving experience, capable of accelerating from 0 to 100 kilometers per hour in less than 4 seconds. The platform can achieve performance thresholds of over 80 kilometers per hour during the moose test, showcasing its high stability and control.

Row 4: The "Cutting-edge technology" section describes the use of a CTP battery delivering up to 2 million kilometers in battery longevity and a CLTC range exceeding 800 kilometers. Each vehicle is powered by an individual motor with a maximum output of 475 kilowatts, and the system's maximal wheel-end torque can reach 8,000 newton-meters.

Row 5: In "Top notch safety standards," SEA employs multiple safety systems to protect drivers and passengers. The platform includes extensive battery safety tests under strict conditions and utilizes a Chinese National Standard cipher chip on the 5G T-Box for enhanced user information security.

Row 6: The "Autonomous driving" capabilities are enabled by SEA's open-source nature, making the platform compatible with cutting-edge autonomous technologies. The system is enhanced by a 7nm Mobileye EyeQ5H chip, and it includes a collaboration with Waymo. Future plans include integrating the DRIVE Thor AV superchip developed by NVIDIA.