Home / Business and Economy / Geely's Zeekr Brand Navigates Choppy Q2: Lynk & Co Surges, Zeekr Stumbles Amid EV Competition
Geely's Zeekr Brand Navigates Choppy Q2: Lynk & Co Surges, Zeekr Stumbles Amid EV Competition
14 Aug
Summary
- Zeekr's Q2 revenue down 0.9% YoY, but up 24.6% QoQ
- Lynk & Co brand delivers 81,529 vehicles, with 58.8% from NEV models
- Zeekr brand delivers 49,337 vehicles, facing lower sales volume
In the second quarter of 2025, Geely's premium electric vehicle (EV) unit Zeekr Intelligent Technology (NYSE:ZK) navigated a challenging period, reporting mixed financial results.
The company's quarterly revenue stood at 27.43 billion Chinese yuan, representing a 0.9% decrease year-over-year (YoY). However, the revenue grew by a significant 24.6% quarter-on-quarter (QoQ), indicating a shift in the company's performance.
Zeekr's total vehicle deliveries for the quarter reached 130,866 units, a 9.3% YoY increase and a 14.8% QoQ rise. The Lynk & Co brand, a subsidiary of Geely, delivered a strong 81,529 vehicles, with 58.8% of those being new energy vehicle (NEV) models. In contrast, the Zeekr brand faced lower sales volume, delivering 49,337 vehicles.
The company's adjusted net loss per American Depositary Share (ADS) stood at 20 cents, a substantial 81.2% improvement YoY, signaling progress in the company's cost-saving initiatives. The vehicle margin also expanded to 17.3%, up from 11.5% in the prior year quarter, further highlighting the company's efforts to optimize its operations.
Despite the mixed performance, Zeekr's stock has gained 4.4% year-to-date, reflecting the intense competition in the electric vehicle market, with players like Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO) vying for market share.
