Why Is ZEEKR Stock Plunging Today?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares are trading lower on Thursday. The company reported fiscal fourth-quarter revenue of 22.78 billion Chinese Yuan, representing an increase of 39.2% year-on-year.

In USD terms, revenue of $3.12 billion missed the analyst consensus estimate of $3.18 billion.

Total vehicle deliveries were 79,250 units for the fourth quarter of 2024, up 99.8% Y/Y.

Also, the company delivered 31,277 vehicles in February 2025 following the acquisition completion of Lynk & Co. This included 14,039 Zeekr brand vehicles and 17,238 Lynk & Co brand vehicles.

Vehicle sales were 19.30 billion Chinese Yuan ($2.64 billion) for the quarter, representing an increase of 82.2% Y/Y aided by an increase in new product delivery volume.

The vehicle margin was 17.3%, up ...