July Deliveries for Zeekr Group Reach 44,193 Units, with Zeekr Brand Accounting for 16,977 Units
Zeekr and Lynk & Co See Growth in July Vehicle Deliveries
In a positive development for the automotive industry, Zeekr Group (NYSE: ZK) and Lynk & Co have reported increased vehicle deliveries for July.
Zeekr Group delivered 16,977 vehicles last month, marking an 8.44 percent year-on-year growth and a 1.65 percent increase from June. This return to growth follows a decline in June deliveries. The deliveries for Lynk & Co also increased, with the brand delivering 27,216 vehicles, up 27.94 percent year-on-year and 3.44 percent from June.
The combined deliveries of Zeekr and Lynk & Co were 19.68 percent higher in July compared to the same period last year.
In other news, the merger between Zeekr and Geely, which was initially agreed upon, is now in the final stages of completion. The deal, expected to close in Q4 of 2025, will see Zeekr becoming a wholly-owned subsidiary of Geely, delisting from the New York Stock Exchange.
Key details of the merger include Geely offering shareholders either cash at $2.687 per ordinary share or 1.23 Geely shares per Zeekr share. This move, which represents a premium over Zeekr’s previous market prices, addresses early investor concerns about undervaluation.
Zeekr is currently valued at approximately $6.83 billion, with Geely already holding about 62.8% of the company. This merger aligns with Geely's "Return to One Geely" strategy, aiming for deeper coordination of internal resources, improved efficiency, and elimination of investment redundancy across its automotive brands.
Strategically, the merger is designed to leverage Zeekr’s research and development capabilities combined with Geely’s manufacturing scale and global distribution, enhancing competitiveness in electric vehicle markets worldwide.
Pre-sales of Zeekr's new model, the Zeekr 9our X, are set to start at the end of August. Zeekr also unveiled the SEA-S hybrid platform.
Data for the deliveries was released today by our publication, showing that Zeekr Group delivered 44,193 vehicles in July, up 2.75 percent from 43,012 in June. In the first seven months of the year, Zeekr Group delivered 289,070 vehicles, up 15.26 percent year-on-year. The year-on-year growth for Lynk & Co was 23.14 percent, with the brand delivering 181,353 vehicles in the same period.
These positive developments indicate a promising future for both Zeekr and Lynk & Co, as they continue to grow and adapt in the ever-evolving automotive industry.
- The growth in vehicle deliveries for Zeekr and Lynk & Co in July is a testament to the increasing demand for electric vehicles (EVs) in the finance and transportation sectors, which are essential components of the automotive industry.
- The sales department of both Zeekr and Lynk & Co can celebrate their successes in transportation and automotive technology, as they have managed to increase deliveries in July, demonstrating progress and resilience in the face of industry challenges.
- The positive impact of the sales growth on the EV industry can be observed not only in the financials but also in the broader context of sustainability initiatives, as more consumers opt for EVs to reduce carbon emissions in line with global environmental goals.
- With Zeekr's new model, the Zeekr 9our X, and the development of advanced EV technologies such as the SEA-S hybrid platform, the automotive industry can anticipate exciting advancements in the field of EVs, driven by collaboration between technology and automotive giants like Geely and Zeekr.
