What is the volume breakdown of Zeekr in 2024?
The following table sets forth a breakdown of the company's revenues, each expressed in the absolute amount and as a percentage of the company's total revenues, for the periods indicated. Company vehicle sales  
Sales of company batteries and other components  
Company research and development services and other services Revenues increased by 46.9% from RMB51,672.6 million in 2023 to RMB75,912.7 million (US$10,400.0 million) in 2024, which was primarily due to: (i) the company's vehicle sales revenue experienced an increase from RMB33,911.8 million in 2023 to RMB55,315.3 million (US$7,578.2 million) in 2024. The increase in the company's vehicle sales mainly resulted from the increased delivery volume of new products. Compared to 118,685 units of company vehicles delivered in 2023, the company delivered 222,123 units of company vehicles in 2024. The increase in the company's vehicle sales revenue was partially offset by the lower average selling price as a result of the changes in product mix and pricing strategy.  
(ii) the company's revenue from sales of batteries and other components grew from RMB14,692.6 million in 2023 to RMB16,793.8 million (US$2,300.7 million) in 2024. The increase was primarily attributed to robust sales volumes in battery and electric drive systems, coupled with a RMB 1,392.5 million (USD 190.8 million) growth in overseas sales of battery components.  
(iii) During the same periods, the revenue generated from the company's research and development services and other services increased from RMB3,068.2 million to RMB3,803.5 million (US$521.1 million). The year-over-year increase was mainly due to the increased sales of vehicle spare parts. In 2024, the company delivered 222,123 vehicles. As of December 31, 2024, the company cumulatively delivered a total of 418,756 vehicles. The following chart summarizes the monthly deliveries of the company's vehicles by the end of February 2025. [Table Level]  
- Table Title: company Vehicle Monthly Deliveries for 2023 and 2024  
- Table Summary: The table presents data on the monthly delivery volumes of company vehicles for the years 2023 and 2024. It illustrates the fluctuations in delivery numbers month-over-month, reflecting trends and possible influences such as seasonality and production adjustments.  
- Context: company's market presence is highlighted by its performance and design, contributing to significant delivery volumes since the brand's inception. The table data underscores the rapid growth in deliveries and offers insight into seasonal patterns that affect delivery numbers.  
- Special Notes: Delivery volumes are given in units. The table reflects variations due to factors like seasonal changes and production suspension.  

[Row Level]  
Row 1: In April 2024, company delivered 16,089 units of vehicles.  
Row 2: In March 2024, the delivery volume was 13,012 units.  
Row 3: In February 2024, company delivered 7,510 units, showing a significant decrease from previous months.  
Row 4: In January 2024, the delivery volume stood at 12,537 units.  
Row 5: In December 2023, 13,476 units were delivered, marking a robust end to the year.  
Row 6: November 2023 saw a delivery of 13,104 units.  
Row 7: In October 2023, deliveries amounted to 13,077 units.  
Row 8: September 2023 deliveries were recorded at 12,053 units.  
Row 9: In August 2023, the delivery volume was 12,303 units.  
Row 10: July 2023 saw a delivery of 12,039 units.  
Row 11: June 2023 had a delivery volume of 10,620 units.  
Row 12: In May 2023, company delivered 8,678 units.  
Row 13: In April 2023, the delivery volume was 8,101 units.  
Row 14: March 2023 deliveries were recorded at 6,663 units.  
Row 15: In February 2023, 5,455 units were delivered.  
Row 16: In January 2023, the delivery number was 3,116 units, which is the lowest recorded in this dataset. [Table Level]  
- Table Title: Monthly Delivery Volumes of Company Vehicles  
- Table Summary: This table presents a record of monthly delivery volumes for company vehicles from January 2023 to February 2024. It illustrates the fluctuations in monthly deliveries and highlights significant month-over-month changes.  
- Context: The company has been rapidly growing in the premium BEV market, achieving a notable single-month delivery volume with one of its models. The deliveries, predominantly in China, reflect the brand’s expanding market presence and customer reception from October 2021 through December 2023.  
- Special Notes: Delivery volumes are listed in units for each month specified. The data spans over two different years, indicating a continuous output from the beginning of 2023 into early 2024.  

[Row Level]  
Row 1: In February 2024, the company delivered 7,510 vehicles.  
Row 2: In January 2024, the company delivered 12,537 vehicles.  
Row 3: In December 2023, the delivery volume for company vehicles was 13,476 units.  
Row 4: November 2023 saw a delivery of 13,104 company vehicles.  
Row 5: The delivery count for company vehicles in October 2023 was 13,077 units.  
Row 6: The company's delivery volume in September 2023 was 12,053 units.  
Row 7: In August 2023, the company delivered 12,303 units.  
Row 8: July 2023 featured a delivery volume of 12,039 units for the company.  
Row 9: In June 2023, the company delivered 10,620 vehicles.  
Row 10: The delivery count for May 2023 was 8,678 company vehicles.  
Row 11: The company's delivery volume in April 2023 was 8,101 units.  
Row 12: In March 2023, the company delivered 6,663 vehicles.  
Row 13: The delivery count for February 2023 was 5,455 company vehicles.  
Row 14: In January 2023, the company delivered 3,116 units. The company's gross profit increased by 81.7% from RMB6,850.5 million in 2023 to RMB12,447.5 million (US$1,705.3 million) in 2024, which was primarily due to (i) an increase in gross profit from vehicle sales from RMB5,080.2 million in 2023 to RMB8,650.3 million (US$1,185.1 million) in 2024; (ii) an increase in gross profit from sales of batteries and other components from RMB884.5 million in 2023 to RMB2,312.7 million (US$316.8 million) in 2024; and (iii) an increase in gross profit from research and development services from RMB885.8 million in 2023 to RMB1,484.5 million (US$203.4 million) in 2024. The company's gross profit margin increased from 13.3% in 2023 to 16.4% in 2024. The increase was mainly attributable to the slight growth of the company's vehicle sales business, which had a higher gross profit margin at 15.6% in 2024. The gross profit and gross profit margin for the company in 2024 were RMB9,948.7 million (US$1,363.0 million) and 17.0%, respectively, compared with RMB5,791.9 million and 16.3% in 2023. The increase was primarily attributed to (i) the increase in delivery volume of the company's vehicles together with changes in pricing strategy to align with market dynamics and (ii) procurement savings due to the declining average costs in auto parts and other materials. For the Viridi Segment, the company recorded RMB954.2 million and RMB2,386.6 million (US$327.0 million) in gross profit and recorded gross profit margins of 5.2% and 13.3% in 2023 and 2024, respectively. The increase was primarily due to the growth in overseas sales of battery components, which had higher average gross margins.
The company had an unstable and volatile financial performance. The company's total revenue increased significantly by RMB24,240.1 million, or approximately 46.9%, from RMB51,672.6 million in 2023 to RMB75,912.7 million (US$10,400.0 million) in 2024. The increase was primarily due to the increase in (i) vehicle sales of RMB21,403.5 million and (ii) sales of batteries and other components of RMB2,101.2 million. The company's total revenue increased significantly by RMB19,773.2 million, or approximately 62.0%, from RMB31,899.4 million in 2022 to RMB51,672.6 million in 2023. The increase was primarily due to the increase in (i) vehicle sales of RMB14,240.5 million and (ii) sales of batteries and other components of RMB4,374.8 million. However, although the company's revenue from vehicle sales and sales of batteries and other components increased significantly, the company might experience volatility or not be able to maintain a similar increase rate, which could adversely affect the company's financial condition and results of operation. Furthermore, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company's net loss decreased by RMB2,473.5 million, where the company recorded a net loss of RMB5,790.6 million (US$793.3 million) in 2024, compared to a net loss of RMB8,264.2 million in 2023. The company incurred a significant increase of RMB609.1 million in net loss and recorded a net loss of RMB8,264.2 million in 2023, compared to a net loss of RMB7,655.1 million in 2022. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. For example, the number of research and development projects that reached customer acceptance and payment stage in the first quarter of 2024 was less than that of the fourth quarter of 2023, which is expected to cause a significant quarter-over-quarter decrease in revenue generated from research and development services and other services as well as the gross profit in relation to the company's research and development services and other services in the first quarter of 2024. Besides the company's in-house expertise, the company also relies on certain technologies of its suppliers to enhance the performance of its battery electric vehicles (BEVs). In particular, the company does not manufacture battery cells or semiconductors, which makes the company dependent upon suppliers for the relevant technologies. There can be no assurance that the company will be able to equip its BEVs with the latest technologies. As technologies change, the company plans to upgrade its existing models and introduce new models in order to provide its BEVs with the latest technologies, including battery cells and semiconductors, which could involve substantial costs and lower the company's return on investment for existing models. Even if the company is able to keep pace with changes in technologies and develop new models, its prior models could become obsolete more quickly than expected, potentially reducing the company's return on investment. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to the company's mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). As a result of the foregoing, the company incurred a net loss of RMB5,790.6 million (US\$793.3 million) in 2024, as compared to a net loss of RMB8,264.2 million in 2023. The company experienced an unstable and volatile revenue performance. For example, the company's total revenue increased significantly by RMB25,371.9 million, or approximately 388.7%, from RMB6,527.5 million in 2021 to RMB31,899.4 million (US$4,372.2 million) in 2022. The increase was primarily due to the rise in (i) vehicle sales of RMB19,671.2 million and (ii) sales of batteries and other components of RMB10,317.8 million. However, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company incurred a significant increase of RMB3,140.8 million in net loss and recorded a net loss of RMB7,655.1 million (US$1,049.2 million) in 2022, compared to a net loss of RMB4,514.3 million in 2021. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. The company's revenue growth may slow down or the company's revenue may decline for a number of reasons, including reduced demand for the company's battery electric vehicles (BEVs), increased competition, or the company's failure to capitalize on growth opportunities. Meanwhile, the company expects overall selling, general and administrative expenses, including employee compensation, marketing, and promotional expenses, to continue to increase in the foreseeable future, as the company plans to hire additional personnel and incur additional expenses in connection with the expansion of the company's business operations. In addition, the company also expects to incur significant additional expenses in relation to professional services as a newly public company. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by its strong in-house R&D capabilities, high operational flexibility, and flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to its mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). As a result of the foregoing, the company's loss from operations decreased from RMB8,178.1 million in 2023 to RMB6,460.4 million (US\$885.1 million) in 2024. The company experienced an unstable and volatile revenue performance. The company's total revenue increased significantly by RMB25,371.9 million, or approximately 388.7%, from RMB6,527.5 million in 2021 to RMB31,899.4 million (US$4,625.0 million) in 2022. The increase was primarily due to the rise in (i) vehicle sales of RMB19,671.2 million and (ii) sales of batteries and other components of RMB10,317.8 million. However, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company incurred a significant increase of RMB3,140.8 million in net loss and recorded a net loss of RMB7,655.1 million (US$1,109.9 million) in 2022, compared to a net loss of RMB4,514.3 million in 2021. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. The company's revenue growth may slow down or the company's revenue may decline for a number of reasons, including reduced demand for the company's battery electric vehicles (BEVs), increased competition, or the company's failure to capitalize on growth opportunities. Meanwhile, the company expects overall selling, general and administrative expenses, including employee compensation, marketing, and promotional expenses, to continue to increase in the foreseeable future, as the company plans to hire additional personnel and incur additional expenses in connection with the expansion of the company's business operations. In addition, the company also expects to incur significant additional expenses in relation to professional services as a newly public company. [Table Level]
- Table Title: Loss per Share Analysis for the Years Ended December 31, 2022, 2023, and 2024
- Table Summary: This table presents the financial outcomes related to the company's net loss per share for the fiscal years 2022, 2023, and 2024. It details figures for net losses from consolidated entities, net income attributable to non-controlling interests, and the net losses attributable to ordinary shareholders. Additionally, it demonstrates the weighted average number of shares and calculates both basic and diluted net loss per share.
- Context: The context discusses significant financial activities of the Group, including related party transactions and loans, along with their completion and outstanding balances. It also explains the net loss from consolidated entities and provides background on excluded share units and preferred shares affecting net loss per share calculations.
- Special Notes: The amounts are presented in thousands; share data and per share data use specific formatting. The negative values indicate net losses.

[Row Level]
Row 1: In 2022, the net loss from consolidated entities amounted to RMB 7,651,854, which increased to RMB 8,264,191 in 2023, and then decreased to RMB 5,790,649 in 2024.
Row 2: Net income attributable to Ningbo Viridi as a non-controlling interest (NCI) was RMB 278,633 in 2022, then reduced to RMB 82,789 in 2023, and increased significantly to RMB 632,921 in 2024.
Row 3: The net loss attributable to ordinary shareholders of the company was recorded as RMB 7,930,487 in 2022, increased to RMB 8,346,980 in 2023, and reduced to RMB 6,423,570 in 2024.
Row 4: The weighted average number of ordinary shares outstanding, both basic and diluted, remained constant at 2,000,000,000 shares in 2022 and 2023, increasing to 2,353,015,830 shares by 2024.
Row 5: The basic net loss per share attributable to ordinary shareholders of the company was RMB (3.97) in 2022, increased to RMB (4.17) in 2023, and then improved to RMB (2.73) in 2024.
Row 6: Similarly, the diluted net loss per share for ordinary shareholders of the company mirrored the basic calculation: RMB (3.97) in 2022, rising to RMB (4.17) in 2023, and decreasing to RMB (2.73) in 2024. Net loss from consolidated entities represents the net loss generated by each entity acquired as part of the company's Reorganization since the dates of their respective acquisitions. [Table Level]
- Table Title: Company Vehicle Delivery Volumes by Month
- Table Summary: This table presents the delivery volumes of company vehicles on a monthly basis from January 2024 to February 2025. It highlights the scaling production capability and growing market reach of the company brand during this time frame.
- Context: The context before the table emphasizes company's premium brand image, technological capabilities, and the strategic expansion into the international market, along with insights into the overall delivery achievements up to December 2024. After the table, specific vehicle brands contributing to delivery numbers, including the acquisition of Lynk & Co, are discussed.
- Special Notes: The delivery figure for February 2025 includes 14,039 company vehicles and 17,238 Lynk & Co vehicles following the acquisition of Lynk & Co.

[Row Level]
Row 1: In February 2025, the delivery volume was 31,277 units.
Row 2: In January 2025, the delivery volume was 11,942 units.
Row 3: In December 2024, the delivery volume was 27,190 units.
Row 4: In November 2024, the delivery volume was 27,011 units.
Row 5: In October 2024, the delivery volume was 25,049 units.
Row 6: In September 2024, the delivery volume was 21,333 units.
Row 7: In August 2024, the delivery volume was 18,015 units.
Row 8: In July 2024, the delivery volume was 15,655 units.
Row 9: In June 2024, the delivery volume was 20,106 units.
Row 10: In May 2024, the delivery volume was 18,616 units.
Row 11: In April 2024, the delivery volume was 16,089 units.
Row 12: In March 2024, the delivery volume was 13,012 units.
Row 13: In February 2024, the delivery volume was 7,510 units.
Row 14: In January 2024, the delivery volume was 12,537 units. Including 14,039 company brand vehicles and 17,238 Lynk & Co brand vehicles following the completion of the Lynk & Co acquisition in February 2025. Balance as of January 1, 2023  
Issuance of preferred shares  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2023 [Table Level]
- Table Title: company Intelligent Technology Holding Limited - Statement of Changes in Shareholders' Deficit for the Year Ended December 31, 2023
- Table Summary: This table outlines the changes in shareholders' deficit for company Intelligent Technology Holding Limited for the year ending December 31, 2023. Key elements include share counts, amounts in RMB for ordinary and preferred shares, additional paid-in capital, accumulated deficit, other comprehensive income, and portions attributed to non-controlling interest.
- Context: The statements presented are integral parts of combined and consolidated financial information, focusing on changes in shareholders’ deficit. Yearly adjustments are captured in this table, contributing to a comprehensive financial overview.
- Special Notes: All financial data is presented in RMB and amounts are stated in thousands. Footnotes specify that details such as share counts and per share data are exceptions to this notation.

[Row Level]
Row 1: As of January 1, 2023, company Intelligent Technology Holding Limited started with 2,000,000,000 ordinary shares valued at 2,584 RMB, and 126,470,585 preferred shares valued at 162 RMB. The additional paid-in capital recorded was 5,705,305 RMB, and the accumulated deficit stood at 12,518,706 RMB. Accumulated other comprehensive loss was 32,210 RMB. company Intelligent Technology Holding Limited's overall deficit was reported as 6,842,865 RMB, while non-controlling interest amounted to 869,998 RMB, culminating in a total shareholders' deficit of 5,972,867 RMB.

Row 2: During the year, preferred shares were further issued, increasing count by 139,375,669 shares leading to an RMB increase of 200, while additional paid-in capital was adjusted to reflect a deduction of 5,372,844 RMB. Accumulated deficit was further adjusted, decreasing by 8,346,980 RMB. Total company Intelligent Technology Holding Limited's deficit was adjusted to show a decrease of 8,346,980 RMB and non-controlling interest increased by 82,789 RMB, affecting total shareholders’ deficit to a decrease of 8,264,191 RMB.

Row 3: Adjustments included an additional increase in paid-in capital by 135,649 RMB, with corresponding improvements to the overall deficit by the same amount. Accumulated comprehensive income increased by 49,765 RMB, improving the overall total company Intelligent Technology Holding Limited's deficit by this amount. Non-controlling interest did not change during this adjustment period. Total shareholders’ deficit was improved further by 135,649 RMB.

Row 4: At table's end on December 31, 2023, the ordinary share count remained at 2,000,000,000 continuing with an evaluation of 2,584 RMB. Preferred share count ended at 265,846,254 with a final valuation of 362 RMB. The total additional paid-in capital finalized at 11,213,798 RMB, while accumulated deficit reached 20,865,686 RMB. Accumulated other comprehensive income settled at 17,555 RMB. company Intelligent Technology Holding Limited's company deficit totaled 9,631,387 RMB, with non-controlling interest at 952,787 RMB. The cumulative total shareholders' deficit ended at 8,678,600 RMB. [Table Level]  
- Table Title: Changes in Shareholders' Deficit for company Intelligent Technology Holding Limited  
- Table Summary: The table details the changes in the shareholders' deficit for company Intelligent Technology Holding Limited over the year ending December 31, 2024. It provides information on ordinary shares, preferred shares, treasury shares, additional paid-in capital, accumulated deficit, and shareholder interests, among other metrics. The data illustrates adjustments due to share issuance, conversion, net losses, and other compensatory actions.  
- Context: This table continues from prior statements outlining changes in shareholders' deficit for company Intelligent Technology Holding Limited from the start of 2024. It is accompanied by notes that are part of company Intelligent Technology Holding Limited's consolidated financial statements and precedes similar financial statements for cash flows through 2022 to 2024.  
- Special Notes: All financial amounts are presented in RMB and the amounts are listed in thousands, excluding share and per-share data. Specific financial transactions such as IPOs and currency adjustments are marked throughout.  

[Row Level]  
Row 1: As of January 1, 2024, there were 2,000,000,000 ordinary shares outstanding with a base value of RMB 2,584 and 265,846,254 preferred shares valued at RMB 362. The additional paid-in capital stood at RMB 11,213,798, with an accumulated deficit of RMB (20,865,686). The total shareholders' deficit amounted to RMB (8,678,600).  

Row 2: Following an initial public offering, 241,500,000 ordinary shares were issued, bringing in RMB 349, while incurring issuance costs of RMB 79,138. This transaction increased additional paid-in capital by RMB 3,464,995. The total company deficit decreased to RMB (9,631,387), and the total deficit shifted to RMB 3,465,344.  

Row 3: Upon the IPO consummation, 265,846,254 preferred shares were converted into ordinary shares, altering their value by RMB (362) each, thus eliminating their individual outstanding values in favor of the increased ordinary shares category.  

Row 4: An additional 45,555,414 shares were issued on vesting RSUs at RMB 66, contributing to the shares outstanding balance and maintaining the total shareholders' deficit at RMB 66.  

Row 5: A repurchase of 10,930,530 ordinary shares occurred without issuing preferred shares. This action resulted in an increase in treasury shares valued at RMB 10,930,530 and contributed RMB (186,812) to the accumulated deficit, while adjusting other values accordingly and leading to a notable deficit change to RMB (6,423,570).  

Row 6: Recorded net loss added a significant RMB (6,423,570) to the accumulated deficit, simultaneously reflecting the total shareholders' deficit as RMB (5,790,649).  

Row 7: Share-based compensation actions attributed an increase of RMB 1,078,296 to additional paid-in capital, yet maintained the current deficit figures and displayed a substantially unchanged position in shareholders’ deficit.  

Row 8: A foreign currency translation adjustment adjusted the accumulated other comprehensive income by RMB (40,474) while leaving total shareholder figures and other aspects largely unaffected or maintained.  

Final Row: As of December 31, 2024, 2,541,971,138 ordinary shares remain outstanding, valued at RMB 3,361 along with total treasury shares totaling 10,930,530 in number with RMB 10,930,530. This concluded the year with an additional paid-in capital recorded as RMB 15,757,089, while accumulated deficits sum to RMB (186,812), and total shareholders’ deficit now holds at RMB (10,152,829). [Table Level]
- Table Title: Consolidated Balance Sheets as of December 31, 2023 and 2024
- Table Summary: This table presents the consolidated balance sheets for company Intelligent Technology Holding Limited, detailing the accounting figures as of December 31, 2023, and 2024 in RMB, with an additional column converting 2024 figures into USD. It reflects current liabilities and shareholder's deficit with various financial data points compared across the two years.
- Context: The data comes from company's combined and consolidated financial statements, with amounts given in thousands, except for share and per share data. This table is part of a broader financial summary covering multiple years of operation.
- Special Notes: The currency in the table switches from RMB for 2023 and 2024 to USD for 2024, with a note (Note 2(d)) for further clarification.

[Row Level]
Row 1: As of December 31, 2024, company Intelligent Technology Holding Limited had RMB 30,300 and the equivalent of USD 4,151 in this specific financial line item. There is no corresponding figure for December 31, 2023.
Row 2: The line item recorded RMB 4,104,717 for 2023 and slightly decreased to RMB 4,072,312 in 2024. In USD, this amount was 557,904 for 2024.
Row 3: In 2023, company Intelligent Technology Holding Limited reported RMB 5,504,945, which significantly increased to RMB 12,990,599 in 2024. The corresponding amount in USD for 2024 was 1,779,705.
Row 4: For 2023, the account held RMB 16,355,902, whereas in 2024, it reported a decrease to RMB 14,509,628. The USD equivalent for 2024 was 1,987,811.
Row 5: RMB 108,083 was noted in 2023, and this amount reduced to RMB 60,856 in 2024. The equivalent in USD for 2024 was 8,337.
Row 6: As of December 31, 2023, an amount of RMB 6,243,956 was recorded, increasing to RMB 8,478,772 in 2024, with the USD equivalent being 1,161,587.
Row 7: The total for these line items for 2023 was RMB 32,317,603, rising to RMB 40,142,467 in 2024, with the USD figure for 2024 being 5,499,495.
Row 8: There was no figure for 2023, but 2024 recorded RMB 414,180 and USD 56,742 in this line item.
Row 9: The 2023 value was RMB 1,807,159, reduced to RMB 1,491,486 in 2024. This amount in USD for 2024 was 204,333.
Row 10: An amount of RMB 1,100,000 was listed for 2023, with no corresponding 2024 or USD equivalent.
Row 11: The line item read RMB 563,001 in 2023, increasing to RMB 718,164 in 2024, with the USD equivalent being 98,388.
Row 12: In 2023, the figure was RMB 8,337, and it rose to RMB 57,252 in 2024. The USD equivalent was 7,843 for 2024.
Row 13: The total for these line items was RMB 3,478,497 for 2023, decreasing to RMB 2,681,082 in 2024, with the USD for 2024 equating to 367,306.
Row 14: The grand total for all items was RMB 35,796,100 in 2023, increasing to RMB 42,823,549 in 2024, with the USD equivalent for 2024 being 5,866,801. ```
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``` [Table Level]
- Table Title: company Intelligent Technology Holding Limited Condensed Statements of Operations and Comprehensive Loss
- Table Summary: The table provides a detailed breakdown of the financial performance of company Intelligent Technology Holding Limited for the years ending December 31, 2021, 2022, and 2023, including losses from operations, interest income, income before income tax, and comprehensive loss. Data is presented in thousands, excluding per share data unless noted otherwise.
- Context: Prior to this table, the document indicates there have been no subsequent events requiring changes to the financial statements as of March 20, 2024. Following the table, there are sections on cash flow statements and notes to financial statements which elucidate regulatory compliance and financial disclosure requirements.
- Special Notes: Amounts are in thousands and exclude share and per share data unless noted. Negative values indicate losses or expenses.

[Row Level]
Row 1: For 2021, the general and administrative expenses are not specified; for 2022, they were $1,800 thousand; in 2023 they reached $11,237 thousand, and for 2024 they decreased to $1,583 thousand.
Row 2: In 2021, the loss from operations is not given; estimated at $1,800 thousand in 2022, $11,237 thousand in 2023, and $1,583 thousand in 2024.
Row 3: In 2021, interest income was $2,240 thousand, rising to $6,268 thousand in 2022, $25,513 thousand in 2023, and declining to $3,593 thousand in 2024.
Row 4: Other (expenses) income, net was $(152) thousand in 2021 and changed to $1,826 thousand in 2022, $54,782 thousand in 2023, and $7,716 thousand in 2024.
Row 5: Income before income tax expense in 2021 was $2,088 thousand, increased to $6,294 thousand in 2022, $69,058 thousand in 2023, and further increased to $9,726 thousand in 2024.
Row 6: Equity in loss of subsidiaries was $(4,364,657) thousand for 2021, $(7,940,073) thousand in 2022, $(8,416,038) thousand in 2023, and $(1,185,374) thousand in 2024.
Row 7: Net loss for 2021 was $(4,362,569) thousand, decreased to $(7,933,779) thousand by 2022, $(8,346,980) thousand in 2023, and $(1,175,648) thousand in 2024.
Row 8: Other comprehensive (loss) income, net of tax of nil was $(103,405) thousand in 2021; increased to $14,556 thousand in 2022, $49,765 thousand in 2023, before decreasing to $7,009 thousand in 2024.
Row 9: The foreign currency translation adjustment, net tax of nil in 2021 was $(103,405) thousand; changed to $14,556 thousand in 2022, $49,765 thousand in 2023, and was $7,009 thousand in 2024.
Row 10: Total other comprehensive (loss) income in 2021 was $(103,405) thousand, increasing to $14,556 thousand by 2022, $49,765 thousand in 2023, and down to $7,009 thousand in 2024.
Row 11: Total comprehensive loss in 2021 was $(4,465,974) thousand, changing to $(7,919,223) thousand in 2022, $(8,297,215) thousand in 2023, and reducing to $(1,168,639) thousand in 2024. The company's gross profit from the ZTE segment increased from RMB265.1 million to RMB501.7 million (US$68.7 million), and the gross profit margin increased from 11.7% to 21.3% in 2023 and 2024, respectively. The increase in both gross profit and gross profit margin can be attributed to the increased sales of research and development services to related parties. [Table Level]
- Table Title: Cash Flows from Financing and Related Activities
- Table Summary: This table details the cash flows from various financing activities for company Intelligent Technology Holding Limited for the years ended December 31, 2022, 2023, and 2024. It includes proceeds and repayments from different financing sources and ends with the effects on cash, cash equivalents, and any associated restrictions. Supplementary disclosures are also included to highlight non-cash and financing activities.
- Context: Before the table, the context outlines adjustments for net cash from operating activities and briefly discusses cash flow from investing. The table details are part of the combined and consolidated statements of cash flows for company.
- Special Notes: The data is presented in thousands, and different currencies (RMB and USD) are used along with specific notes for certain lines, such as Note 2(d).

[Row Level]
Row 1: In 2024, proceeds from the initial public offering, net of issuance costs of RMB 79,138, amounted to RMB 3,465,344 or USD 474,750.
Row 2: Proceeds from the issuance of preferred shares, accounting for issuance costs of RMB 1,690, RMB 2,134, and nil in 2022, 2023, and 2024 respectively, were RMB 1,268,360 in 2022 and RMB 5,373,044 in 2023.
Row 3: Proceeds from short-term bank borrowings were RMB 147,000 in 2022, RMB 30,200 in 2024, which equals USD 4,137.
Row 4: Repayment of short-term bank borrowings totaled RMB 751,359 in 2022 and RMB 200 in 2024, equating to USD 27.
Row 5: In 2022, proceeds from long-term bank borrowings were RMB 972,042, while in 2024 they were RMB 414,480, or USD 56,784.
Row 6: Repayment of long-term bank borrowings stood at RMB 972,042 in 2022.
Row 7: There was a repurchase of ordinary shares amounting to RMB 186,746 in 2023 and USD 25,584 in 2024.
Row 8: Proceeds from related party loans were RMB 7,800,000 in 2022 and RMB 3,000,000 in 2023, totaling USD 410,998.
Row 9: Repayments of related party loans grew to RMB 5,375,727 in 2023, RMB 4,100,000 in 2024, or USD 561,698.
Row 10: Net cash provided by (used in) financing activities showed RMB 5,373,325 in 2022, a decrease of RMB 2,683 in 2023, and RMB 2,623,078 in 2024, equating to USD 359,360.
Row 11: There was a net decrease of RMB 157,219 in cash, cash equivalents, and restricted cash in 2022, an increase of RMB 313,898 in 2023, and RMB 4,898,448 in 2024, equivalent to USD 671,086.
Row 12: Cash, cash equivalents, and restricted cash at the beginning of the year was RMB 3,897,966 in 2022, RMB 3,754,904 in 2023, and RMB 4,104,749 in 2024, translating to USD 562,348.
Row 13: The effect of exchange rate changes on cash, cash equivalents, and restricted cash resulted in RMB 14,157 in 2022, RMB 35,947 in 2023, while there was a decrease of RMB 41,545 in 2024, equaling USD 5,693.
Row 14: Cash, cash equivalents, and restricted cash at the end of the year was RMB 3,754,904 in 2022, RMB 4,104,749 in 2023, RMB 8,961,652 in 2024, or USD 1,227,741.
Row 15: Supplementary disclosure of cash flow information includes cash paid for income tax which was RMB 80,342 in 2022, RMB 120,078 in 2023, RMB 494,699 in 2024, or USD 67,773.
Row 16: Interest paid stood at RMB 60,808 in 2022, RMB 209,571 in 2023, RMB 179,567 in 2024, equivalent to USD 24,601.
Row 17: Supplementary disclosure of non-cash investing and financing activities highlights accrued purchases of property and equipment amounting to RMB 398,648 in 2022, RMB 497,651 in 2023, RMB 405,470 in 2024, or USD 55,549.
Row 18: Accrued purchases of intangible assets amounted to RMB 21,410 in 2024, or USD 2,933.
Row 19: Amounts due from related parties in connection with the disposal of property and equipment was RMB 122,115 in 2023. Net loss  
Other comprehensive loss, net of tax of nil: Foreign currency translation adjustments  
Comprehensive loss  
Less: comprehensive income attributable to non-controlling interest  
Comprehensive loss attributable to shareholders of company Intelligent Technology Holding [Table Level]  
- Table Title: Combined and Consolidated Comprehensive Loss for Years Ended December 31, 2022, 2023, and 2024  
- Table Summary: This table outlines the comprehensive loss figures for company Intelligent Technology Holding Limited over three consecutive years, providing insights into net loss, foreign currency translation adjustments, and comprehensive income attributable to non-controlling interests—all expressed in RMB, with a conversion to US$ for the year 2024. The financial data illustrates company Intelligent Technology Holding Limited's changes in comprehensive loss and the impact on shareholders.  
- Context: The financial data precedes and follows statements that relate to the comprehensive loss and shareholders' deficit for December 31, 2022, 2023, and 2024. The notes accompanying the financial statements are integral for understanding the presented figures.  
- Special Notes: Amounts are in thousands except where otherwise stated. For 2024, figures are also presented in US$, with a note (2(d)) for further context.  

[Row Level]  
Row 1: In 2022, the RMB net loss for company Intelligent Technology Holding Limited was (7,655,146).  
Row 2: In 2023, the RMB net loss for company Intelligent Technology Holding Limited increased to (8,264,191).  
Row 3: In 2024, the RMB net loss for company Intelligent Technology Holding Limited was (5,790,649), while the corresponding amount in US$ was (793,315).  
Row 4: For 2022, foreign currency translation adjustments led to a gain of 14,556, modifying the overall loss to (7,640,590).  
Row 5: In 2023, adjustments yielded a gain of 49,765, reducing the loss to (8,214,426).  
Row 6: The year 2024 saw a currency translation loss of (40,474), affecting the total loss to readjust to (5,831,123) RMB and (5,545) US$.  
Row 7: Comprehensive income attributable to non-controlling interests in 2022 was 278,633, resulting in an attributable loss to shareholders of (7,919,223).  
Row 8: The 2023 equivalent was 82,789, leading to a shareholder attributable loss of (8,297,215).  
Row 9: Finally, in 2024, with an interest of 632,921 in RMB and 86,710 in US$, the attributable loss to shareholders was adjusted to (6,464,044) RMB and (885,570) US$. The company is a market player with a China focus and global aspirations. Currently, the company mainly markets and sells its products in China, the largest BEV market globally in 2023, according to Frost & Sullivan. The company has started to deliver the ZEEKR 001 in Europe in December 2023. In the future, the company also plans to supply vehicles for the Waymo One Fleet in the United States. For details of the company's plan to increase its global footprint, see “— Our Growth Strategies.” 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 battery electric vehicle (BEV) market in China, according to Frost & Sullivan. [Table Level]
- Table Title: Monthly BEV Delivery Volumes for Company 001
- Table Summary: The table lists the monthly delivery volumes for the Company 001 electric vehicle in units, covering the period from January 2023 to February 2024. It reflects the consistent delivery performance and increasing global aspirations for company's market expansion.
- Context: The surrounding context discusses company's focus on the Chinese market with plans for expansion in Europe and the United States, highlighting the company's growth strategy and premium branding of the Company 001 model.
- Special Notes: Delivery volumes are presented in units without additional footnotes. The deliveries reflect a history of rapid growth in the BEV market.

[Row Level]
Row 1: In February 2024, Company 001 reached a delivery volume of 7,510 units.
Row 2: January 2024 saw a delivery volume of 12,537 units for Company 001.
Row 3: December 2023 experienced a delivery volume of 13,476 units, showcasing sustained growth.
Row 4: During November 2023, the delivery volume for Company 001 was noted at 13,104 units.
Row 5: October 2023 marked a delivery volume of 13,077 units for Company 001.
Row 6: In September 2023, Company 001 recorded a delivery volume of 12,053 units.
Row 7: August 2023 had a delivery volume of 12,303 units for the Company 001.
Row 8: July 2023's delivery volume for the Company 001 stood at 12,039 units.
Row 9: June 2023 showed a delivery figure of 10,620 units for Company 001.
Row 10: In May 2023, the delivery volume reached 8,678 units for Company 001.
Row 11: April 2023 accounted for a delivery volume of 8,101 units of Company 001.
Row 12: March 2023 registered a delivery volume of 6,663 units for Company 001.
Row 13: February 2023 documented a delivery volume of 5,455 units for Company 001.
Row 14: January 2023 started with a delivery volume of 3,116 units for Company 001. *[Due to the unavailability of clear text extraction from the image, providing structured natural language descriptions of the company's financial reports is not possible.]* [Table Level]
- Table Title: company Intelligent Technology Holding Limited Financial Summary
- Table Summary: The table presents the financial performance of company Intelligent Technology Holding Limited for the nine months ended September 30, 2022, and 2023, showing values in both RMB and USD. It includes figures on net loss, other comprehensive income, and comprehensive loss attributable to shareholders.
- Context: The information provided before the table explains the exchange rate used for currency conversion and indicates there were no significant financial contingencies for company Intelligent Technology Holding Limited as of December 31, 2020, 2021, and 2022. The information after the table pertains to financial balance adjustments and financial statement descriptions.
- Special Notes: The USD figures in the table were converted using a rate of 1 USD = 7.296 RMB, as specified in Note 2c.

[Row Level]
- Row 1: The net loss for the nine months ended September 30, 2022, was RMB 5,317,214,000, whereas for 2023, it was RMB 5,326,272,000, which converts to USD 730,027,000.
- Row 2: company Intelligent Technology Holding Limited recognized other comprehensive income due to foreign currency translation adjustments, amounting to RMB 8,068,000 in 2022 and RMB 11,081,000 in 2023, equivalent to USD 1,519,000.
- Row 3: Comprehensive loss to company Intelligent Technology Holding Limited was RMB 5,309,146,000 in 2022 and RMB 5,315,191,000 in 2023, equating to USD 728,508,000.
- Row 4: The less comprehensive income attributable to non-controlling interest was RMB 161,737,000 in 2022 and RMB 33,820,000 in 2023, which translates to USD 4,635,000.
- Row 5: The comprehensive loss attributable to the ordinary shareholders of company Intelligent Technology Holding Limited was RMB 5,470,883,000 in 2022 and RMB 5,349,011,000 in 2023, or USD 733,143,000. [Table Level]
- Table Title: Monthly Delivery Volumes of Company Vehicles
- Table Summary: This table provides a monthly breakdown of the delivery volumes for company vehicles, reported in units, for the period from January 2023 to April 2024. The data highlights the growth and fluctuations in delivery numbers over time.
- Context: The table is part of an analysis that outlines the company's rapid delivery growth in the premium BEV market, particularly emphasizing its presence in China and the initial introduction of the company 001 model.
- Special Notes: The delivery volumes are recorded in units and chronologically order monthly figures for the years 2023 and 2024.

[Row Level]
Row 1: In April 2024, the delivery volume for company vehicles was 16,089 units.
Row 2: In March 2024, 13,012 company vehicles were delivered.
Row 3: Delivery figures for February 2024 report a total of 7,510 company vehicles.
Row 4: In January 2024, the company delivered 12,537 vehicles.
Row 5: December 2023 saw 13,476 company vehicles delivered.
Row 6: For November 2023, the delivery volume was 13,104 units of company vehicles.
Row 7: October 2023 had a delivery figure of 13,077 units for company vehicles.
Row 8: In September 2023, the company delivered 12,053 vehicles.
Row 9: August 2023 recorded company vehicle deliveries at 12,303 units.
Row 10: Delivery numbers for July 2023 were 12,039 units of company vehicles.
Row 11: In June 2023, 10,620 company vehicles were delivered.
Row 12: May 2023 saw a delivery of 8,678 company vehicles.
Row 13: April 2023 recorded 8,101 units delivered for company vehicles.
Row 14: In March 2023, the company delivered 6,663 vehicles.
Row 15: The February 2023 delivery volume for company vehicles was 5,455 units.
Row 16: January 2023 had the lowest delivery figure in this period with 3,116 company vehicles delivered. [Table Level]
- Table Title: Monthly Deliveries of Company Vehicles
- Table Summary: The table displays the monthly delivery volumes for company vehicles for the years 2023 and 2024. It provides a detailed breakdown of the number of units delivered each month, indicating trends and changes in delivery volumes over this time period.
- Context: The preceding text discusses the milestone achievements and market reception of company vehicles, highlighting their significant monthly delivery volume as of October 2022 and overall rapid growth in the premium BEV market in China. The following text mentions seasonal trends affecting deliveries, noting that delivery volumes typically decrease during the winter and Chinese New Year, leading to fluctuations in monthly figures.
- Special Notes: Delivery volumes are noted in units. Observations in context suggest potential influences like seasonal factors on the data.

[Row Level]
Row 1: In January 2023, the company delivered 3,116 units, marking the beginning of the year with a relatively low delivery volume.
Row 2: February 2023 saw an increase, with deliveries rising to 5,455 units, despite the typical seasonal decline, attributed to a production halt in January for upgrades.
Row 3: Deliveries continued to increase in March 2023, reaching 6,663 units.
Row 4: Delivery volumes further grew in April 2023 to 8,101 units, showing a positive trend as production resumed.
Row 5: The company delivered 8,678 units in May 2023, maintaining the upward delivery trend.
Row 6: In June 2023, the delivery volume was slightly lower but still strong at 10,620 units.
Row 7: July 2023 saw a minor decrease to 12,039 units, showing a stabilization in the delivery pattern.
Row 8: August witnessed a slight increase with 12,303 units delivered.
Row 9: September 2023 experienced a small decline in deliveries to 12,053 units.
Row 10: October 2023 had deliveries of 13,077 units, maintaining the consistency in high volume.
Row 11: November delivery volumes for 2023 remained high with 13,104 units.
Row 12: In December 2023, the company reached its peak monthly delivery for the year, achieving 13,476 units.
Row 13: January 2024 experienced a decrease to 12,537 units, reflecting the seasonal dip mentioned.
Row 14: February 2024 saw a significant decline to 7,510 units, typical of the seasonal delivery trends.
Row 15: However, March 2024 rebounded robustly to 13,012 units, recovering from the dip seen the previous month. [Table Level]
- Table Title: Monthly Deliveries of Company Vehicles
- Table Summary: The table provides a detailed breakdown of company vehicle deliveries by month, across two consecutive years, 2023 and 2024. It illustrates the fluctuations in delivery volumes, capturing seasonal trends and events impacting production and delivery.
- Context: Prior to the table, the company is recognized for its rapid market penetration in the premium electric vehicle segment, with nearly 200,000 vehicles delivered by the end of 2023. Following the table, it is stated that seasonal factors and operational adjustments, such as production halts for facility upgrades, impact delivery volumes.
- Special Notes: Delivery volumes are presented in units per month. The table includes a period when production was suspended for upgrades, affecting delivery numbers.

[Row Level]
Row 1: In March 2024, the company delivered 13,012 units of its vehicles.
Row 2: February 2024 saw a delivery of 7,510 units, highlighting a significant month-over-month decline from January.
Row 3: January 2024 recorded a delivery volume of 12,537 units.
Row 4: December 2023 deliveries peaked at 13,476 units as the year closed.
Row 5: November 2023 deliveries slightly decreased to 13,104 units compared to December.
Row 6: October 2023 saw a delivery of 13,077 units, remaining stable amidst the autumn months.
Row 7: In September 2023, deliveries totaled 12,053 units, showing a slight dip from August.
Row 8: August 2023 deliveries amounted to 12,303 units.
Row 9: July 2023 recorded a delivery volume of 12,039 units.
Row 10: June 2023 saw a delivery of 10,620 units, reflecting an increase as summer began.
Row 11: May 2023 deliveries reached 8,678 units.
Row 12: April 2023 had a delivery of 8,101 units, indicating growth compared to March.
Row 13: March 2023 recorded a delivery of 6,663 units, slightly up post the seasonal decline in February.
Row 14: February 2023 had deliveries at 5,455 units, higher than January due to a production pause in the previous month.
Row 15: January 2023 commenced the year with deliveries of 3,116 units, the lowest in the two-year period. [Table Level]
- Table Title: Vehicle Delivery Volumes
- Table Summary: The table lists the monthly delivery volumes of vehicles over a span of two years—2023 and the beginning of 2024. It highlights the progression of delivery volumes, giving insights into the company's growth in vehicle distribution.
- Context: The company is focused on expanding its global footprint, with significant deliveries in China, the largest BEV market. The company has started delivering vehicles in Europe and plans further expansion in the United States.
- Special Notes: Delivery volumes are presented in units. 2024 figures show data only until March.

[Row Level]
Row 1: In March 2024, the company delivered 13,012 units of its vehicles.
Row 2: February 2024 saw a delivery volume of 7,510 units.
Row 3: January 2024 registered a delivery of 12,537 units.
Row 4: During December 2023, the company achieved its highest delivery volume for that year with 13,476 units.
Row 5: November 2023 experienced a delivery volume of 13,104 units.
Row 6: In October 2023, the company's delivery volume was 13,077 units, coinciding with a notable milestone of delivering over 10,000 units in a month.
Row 7: September 2023 had a delivery volume of 12,053 units.
Row 8: August 2023 deliveries amounted to 12,303 units.
Row 9: In July 2023, the company delivered 12,039 units.
Row 10: June 2023 recorded deliveries totaling 10,620 units.
Row 11: For May 2023, the company's delivery volume was 8,678 units.
Row 12: April 2023 saw deliveries of 8,101 units.
Row 13: March 2023 had a delivery volume of 6,663 units.
Row 14: February 2023 recorded deliveries of 5,455 units.
Row 15: The delivery volume in January 2023 was 3,116 units. As of December 31, 2022, 2023 and 2024, the company had 12,955, 16,645 and 17,439 employees, respectively. The following table sets forth a breakdown of the company's employees categorized by function as of December 31, 2024.