Chinese Luxury EV Company Zeekr Clocks 100% Growth in Q2 Deliveries, Margin Boost Amid Domestic Price War, Tariffs
Portfolio Pulse from Anusuya Lahiri
Zeekr Intelligent Technology Holding (NYSE: ZK) reported strong Q2 2024 results with a 100% increase in vehicle deliveries and a 58.4% rise in revenue, surpassing analyst expectations. Despite a challenging market, the company improved its margins and saw significant growth in various revenue streams.
August 21, 2024 | 10:14 am
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Zeekr reported a 100% increase in Q2 vehicle deliveries and a 58.4% rise in revenue, beating analyst estimates. The company improved its vehicle margin and gross margin despite a challenging market environment.
Zeekr's strong Q2 performance, with significant growth in deliveries and revenue, exceeded analyst expectations. The improvement in margins and the positive premarket stock movement suggest a favorable short-term impact on the stock price.
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