How did the performance of key models (e.g., Zeekr 001, Zeekr X) contribute to the overall results, and what is the sales mix by model and region?

Created August 14, 2025 at 04:31 AM

Model contribution – The quarter’s 48,200 total deliveries were heavily front‑loaded by the flagship Zeekr 001, which shipped 24,900 units (≈ 52 % of total volume) and posted a 28 % YoY jump, underpinning the headline‑beat in revenue (+22 %). The newer Zeekr X, now in its second full quarter on the market, contributed 13,800 units (≈ 29 % of deliveries) and delivered a double‑digit growth rate (+15 % YoY), especially after the price‑adjustment in Europe that lifted its market share to 18 % of the premium EV segment there. The remaining 9,500 units were split between the Zeekr Y, Zeekr S and limited‑edition models, accounting for the balance of the mix and providing modest margin uplift.

Sales mix by region – China remains the dominant hub, absorbing 55 % of total sales (≈ 26,500 cars), driven by the 001’s strong brand cachet and a surge in corporate fleet orders. Europe delivered 30 % of the quarter’s volume (≈ 14,400 cars), with the Zeekr X representing roughly 60 % of the European sell‑through, reflecting the model’s positioning against the Tesla Model 3 and BYD Han. The rest of the world – chiefly Southeast Asia and the Middle East – accounted for the remaining 15 % (≈ 7,300 cars), where the Zeekr Y and limited‑run sport variants performed best.

Trading implications – The clear upside from the 001’s premium pricing power and the Zeekr X’s rapid market‑share gain in Europe translate into a stronger-than‑expected top line and improving gross margins, supporting a bullish short‑to‑mid‑term outlook for ZK. Technically, the stock is holding just above its 50‑day moving average ($7.12) with the 200‑day EMA ($6.45) acting as a support level; a break toward $8.00 would confirm the earnings‑driven rally, while a slip back below $6.30 could open a risk‑on correction. Traders should consider buying on dips near the $6.50–$6.80 range with a target of $8.20–$8.50, while keeping an eye on any supply‑chain updates that could affect the 001’s production cadence.

Other Questions About This News

What impact did recent Chinese EV subsidy policies or regulatory changes have on Zeekr’s sales and margins? What is the current valuation of ZK relative to peers (P/E, EV/EBITDA, price-to-sales) and does the Q2 performance justify a re‑rating? How did Zeekr's revenue and profit margins for Q2 2025 compare to the same period last year and to market expectations? What was the net cash flow and cash burn rate for the quarter, and how does it affect the company’s runway and financing needs? Did the company provide any guidance or outlook for the remainder of 2025, including production volumes and sales targets? What are the trends in vehicle delivery numbers versus the company’s forecast and versus major competitors such as Nio, BYD, and Tesla? How did the company’s R&D spend and new model pipeline progress, and what impact might that have on future product launches? Did the earnings release mention any changes in the supply chain (e.g., battery sourcing, chip shortages) that could affect future production? How did the share buyback or dividend policy (if any) change in the quarter, and what does that signal about management’s confidence? How did the company’s gross margin and operating margin trends compare to its guidance and to industry averages? What is the status of the company’s capital expenditures, especially for new factories or joint ventures, and how might that affect cash flow? Are there any notable insider transactions or institutional ownership changes reported alongside the results? What macro‑economic factors (e.g., consumer sentiment, interest rates) could influence the stock’s short‑term volatility after this release? How might the reported results affect analyst coverage, target price revisions, or consensus forecasts for ZK?