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Zeekr Group Reports First Quarter 2025 Unaudited Financial Results

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HANGZHOU, China, May 15, 2025 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“Zeekr Group” or the “Company”) (NYSE: ZK), the world’s leading premium new energy vehicle group, today announced its unaudited financial results for the first quarter ended March 31, 2025[1].

Operating Highlights for the First Quarter of 2025

Total vehicle deliveries were 114,011 units for the first quarter of 2025, representing a 21.1% year-over-year increase. The Zeekr brand delivered 41,403 vehicles, an increase of 25.2% year-over-year. Meanwhile, the Lynk & Co brand delivered 72,608 vehicles, recording growth of 18.9% year-over-year, with 52.4% of deliveries coming from NEV models.

Deliveries

2025 Q1

2024 Q4

2024 Q3

2024 Q2

114,011

169,088

124,606

119,755

Deliveries

2024 Q1

2023 Q4

2023 Q3

2023 Q2

94,115

120,114

94,151

72,276

Financial Highlights for the First Quarter of 2025

Vehicle sales were RMB19,096 million (US$2,631 million)[2] for the first quarter of 2025, representing an increase of 16.1% from the first quarter of 2024 and a decrease of 38.4% from the fourth quarter of 2024.Vehicle margin[3] was 16.5% for the first quarter of 2025, compared with 13.1% for the first quarter of 2024 and 14.3% for the fourth quarter of 2024.Total revenues were RMB22,019 million (US$3,034 million) for the first quarter of 2025, representing an increase of 1.1% from the first quarter of 2024 and a decrease of 37.8% from the fourth quarter of 2024.Gross profit was RMB4,213 million (US$580 million) for the first quarter of 2025, representing an increase of 18.8% from the first quarter of 2024 and a decrease of 33.8% from the fourth quarter of 2024.Gross margin was 19.1% for the first quarter of 2025, compared with 16.3% for the first quarter of 2024 and 18.0% for the fourth quarter of 2024.Loss from operations was RMB1,259 million (US$174 million) for the first quarter of 2025, representing a decrease of 25.7% from the first quarter of 2024 and an increase of 16.3% from the fourth quarter of 2024. Excluding share-based compensation expenses, adjusted loss from operations (non-GAAP)[4] was RMB1,136 million (US$157 million) for the first quarter of 2025, representing a decrease of 32.8% from the first quarter of 2024 and an increase of 14.3% from the fourth quarter of 2024.Net loss was RMB763 million (US$105 million) for the first quarter of 2025, representing a decrease of 60.2% from the first quarter of 2024 and an increase of 21.3% from the fourth quarter of 2024. Excluding share-based compensation expenses, adjusted net loss (non-GAAP) was RMB640 million (US$88 million) for the first quarter of 2025, representing a decrease of 66.5% from the first quarter of 2024 and an increase of 18.5% from the fourth quarter of 2024.

[1] All disclosed data (including historical periods) are recast to reflect common-control accounting treatment related to Lynk & Co’s acquisition.

[2] All conversions from Renminbi(“RMB”) to U.S. dollars (“US$”) are made at an exchange rate of RMB7.2567 to US$1.00, set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2025.

[3] Vehicle margin is the margin of vehicle sales, which is calculated based on revenues and cost of revenues derived from vehicle sales only.

[4] The Company’s non-GAAP financial measures exclude share-based compensation expenses. See “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this announcement.

Key Financial Results for the First Quarter of 2025

(in RMB millions, except for percentages)

2025 Q1

2024 Q4

2024 Q1

% Change i 

YoY

QoQ

Vehicle sales

19,096

31,015

16,450

16.1 %

(38.4) %

 – Zeekr

9,987

19,302

8,174

22.2 %

(48.3) %

 – Lynk & Co

9,109

11,713

8,276

10.1 %

(22.2) %

Vehicle margin

16.5 %

14.3 %

13.1 %

3.4pts

2.2pts

 – Zeekr

21.2 %

17.3 %

14.4 %

6.8pts

3.9pts

 – Lynk & Co

11.4 %

9.3 %

11.8 %

(0.4)pts

2.1pts

Total revenues

22,019

35,377

21,781

1.1 %

(37.8) %

Gross profit

4,213

6,365

3,545

18.8 %

(33.8) %

Gross margin

19.1 %

18.0 %

16.3 %

2.8pts

1.1pts

Loss from operations

(1,259)

(1,083)

(1,694)

(25.7) %

16.3 %

Non-GAAP loss from operations

(1,136)

(994)

(1,691)

(32.8) %

14.3 %

Net loss

(763)

(629)

(1,915)

(60.2) %

21.3 %

Non-GAAP net loss

(640)

(540)

(1,912)

(66.5) %

18.5 %


i Except for vehicle margin and gross margin, absolute changes instead of percentage changes are presented.

Recent Developments

Delivery Update

In April, Zeekr Group delivered a total of 41,316 vehicles across its Zeekr and Lynk & Co brands, marking a 1.5% increase compared to the previous month. This achievement was made possible by the trust and support of over 1.9 million users. Specifically, the Zeekr brand delivered 13,727 vehicles, while Lynk & Co brand delivered 27,589 vehicles.

New Model Launches

The Zeekr 7GT, the brand’s second shooting brake, was launched in China on April 15, 2025. Equipped with advanced silicon carbide-powered e-motors, the vehicle achieves 0-100 km/h acceleration in merely 2.95 seconds under rolling start conditions. Exceptional performance and world-class safety features position the Zeekr 7GT for a strong showing in global markets.

Zeekr Group also unveiled its flagship luxury SUV, the Zeekr 9X, at the Shanghai Auto Show. As the first hybrid model under the Zeekr brand, the Zeekr 9X sets new benchmarks in design, performance, and electrification, marking a major leap forward for the brand. This groundbreaking model is slated for a global launch in the third quarter of 2025.

On April 28, the Lynk & Co brand commenced deliveries of the Lynk & Co 900, a large six-seater family SUV. Built on the powerful SPA Evo platform, the top-tier variant is equipped with the G-Pilot H7 package, featuring NVIDIA’s DRIVE AGX Thor computing platform with an industry-leading 700 TOPS of processing power. With its expansive interior, cutting-edge technology, and thrilling performance, the model has already garnered over 40,000 pre-orders since its debut in December.

CEO and CFO Comments

“We achieved a major milestone during the first quarter with the full integration of Zeekr and Lynk & Co, which expanded our global user base to over 1.9 million,” said Mr. Andy An, Zeekr Group’s Chief Executive Officer. “The two brands’ initial technological consolidation has already boosted profitability through optimized R&D and shared platforms. As we accelerate into our next growth phase, we will continue to redefine premium mobility through technology-driven experiences and luxury service, strengthening our position as the world’s leading premium new energy vehicle group.”

Mr. Jing Yuan, Zeekr Group’s Chief Financial Officer, added, “In the first quarter of 2025, enhanced platform synergies and disciplined supply chain management drove record profitability, with our overall vehicle margin reaching 16.5% and the Zeekr brand’s margin rising to an unprecedented 21.2%. Looking ahead, we will remain laser-focused on deepening resource integration and unlocking greater synergistic value to deliver enhanced returns for our shareholders and build enduring value.”

Financial Results for the First Quarter of 2025

Revenues

Total revenues were RMB22,019 million (US$3,034 million) for the first quarter of 2025, representing an increase of 1.1% from RMB21,781 million for the first quarter of 2024 and a decrease of 37.8% from RMB35,377 million for the fourth quarter of 2024.Revenues from vehicle sales were RMB19,096 million (US$2,631 million) for the first quarter of 2025, representing an increase of 16.1% from RMB16,450 million for the first quarter of 2024, and a decrease of 38.4% from RMB31,015 million for the fourth quarter of 2024. The year-over-year increase was attributable to the increase in new model delivery volume, partially offset by the lower average selling price due to changes in product mix and pricing strategy between the two quarters. The quarter-over-quarter decrease was mainly attributable to a decrease in delivery volume, which was affected by seasonal factors.Revenues from other sales and services were RMB2,923 million (US$403 million) for the first quarter of 2025, representing a decrease of 45.2% from RMB5,331 million for the first quarter of 2024 and a decrease of 33.0% from RMB4,362 million for the fourth quarter of 2024. The year-over-year decrease was mainly due to the decreased sales volume and unit price of battery packs and electric drives. The quarter-over-quarter decrease was mainly due to a decrease in sales of R&D services to our related parties and reduced OEM production volumes at Lynk & Co’s manufacturing facilities in the first quarter of 2025.

Cost of Revenues and Gross Margin

Cost of revenues was RMB17,806 million (US$2,454 million) for the first quarter of 2025, representing a decrease of 2.4% from RMB18,236 million for the first quarter of 2024 and a decrease of 38.6% from RMB29,012 million for the fourth quarter of 2024. The slight year-over-year decrease was primarily attributable to the ongoing vehicle cost-saving initiatives, partially offset by increased vehicle deliveries, as well as reductions stemming from lower sales of battery packs and other components. The quarter-over-quarter decrease was mainly due to the reduced vehicle delivery volume combined with sustained vehicle cost-saving initiatives.Gross profit was RMB4,213 million (US$580 million) for the first quarter of 2025, representing an increase of 18.8% from RMB3,545 million for the first quarter of 2024 and a decrease of 33.8% from RMB6,365 million for the fourth quarter of 2024.Gross margin was 19.1% for the first quarter of 2025, compared with 16.3% for the first quarter of 2024 and 18.0% for the fourth quarter of 2024. Vehicle margin was 16.5% for the first quarter of 2025, compared with 13.1% for the first quarter of 2024 and 14.3% for the fourth quarter of 2024. The year-over-year and quarter-over-quarter increases were primarily attributed to sustained cost-saving initiatives, partly offset by the lower average selling price of vehicles.

Operating Expenses

Research and development expenses were RMB2,908 million (US$401 million) for the first quarter of 2025, representing an increase of 25.0% from RMB2,326 million for the first quarter of 2024 and a decrease of 25.6% from RMB3,910 million for the fourth quarter of 2024. The year-over-year increase was mainly attributable to incremental costs associated with the development of our new vehicle platform. The quarter-over-quarter decrease was mainly driven by accelerated progressing of R&D projects in Q4 2024 to align with the 2025 product launch timelines.Selling, general and administrative expenses were RMB2,645 million (US$364 million) for the first quarter of 2025, representing a decrease of 9.2% from RMB2,913 million for the first quarter of 2024 and a decrease of 35.8% from RMB4,123 million for the fourth quarter of 2024. The year-over-year and quarter-over-quarter decreases were mainly attributable to higher marketing and advertising expenses to support new vehicle model launches in Q1 2024 and Q4 2024, as well as stringent cost discipline implemented under the Company’s 2025 efficiency enhancement program.

Loss from Operations

Loss from operations was RMB1,259 million (US$174 million) for the first quarter of 2025, representing a decrease of 25.7% from RMB1,694 million for the first quarter of 2024 and an increase of 16.3% from RMB1,083 million for the fourth quarter of 2024.Non-GAAP loss from operations, which excludes share-based compensation expenses from loss from operations, was RMB1,136 million (US$157 million) for the first quarter of 2025, representing a decrease of 32.8% from RMB1,691 million for the first quarter of 2024 and an increase of 14.3% from RMB994 million for the fourth quarter of 2024.

Net Loss and Net Loss Per Share

Net loss was RMB763 million (US$105 million) for the first quarter of 2025, representing a decrease of 60.2% from RMB1,915 million for the first quarter of 2024 and an increase of 21.3% from RMB629 million for the fourth quarter of 2024.Non-GAAP net loss, which excludes share-based compensation expenses from net loss, was RMB640 million (US$88 million) for the first quarter of 2025, representing a decrease of 66.5% from RMB1,912 million for the first quarter of 2024 and an increase of 18.5% from RMB540 million for the fourth quarter of 2024.Net loss attributable to ordinary shareholders of Zeekr Group was RMB718 million (US$99 million) for the first quarter of 2025, representing a decrease of 63.8% from RMB1,982 million for the first quarter of 2024 and a decrease of 18.1% from RMB877 million for the fourth quarter of 2024.Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group, which excludes share-based compensation expenses from net loss attributable to ordinary shareholders, was RMB595 million (US$82 million) for the first quarter of 2025, representing a decrease of 69.9% from RMB1,979 million for the first quarter of 2024 and a decrease of 24.5% from RMB788 million for the fourth quarter of 2024.Basic and diluted net loss per share attributed to ordinary shareholders were both RMB0.28 (US$0.04) for the first quarter of 2025, compared with RMB0.99 each for the first quarter of 2024 and RMB0.34 each for the fourth quarter of 2024.Non-GAAP basic and diluted net loss per share attributed to ordinary shareholders were both RMB0.23 (US$0.03) for the first quarter of 2025, compared with RMB0.99 each for the first quarter of 2024 and RMB0.31 each for the fourth quarter of 2024.Basic and diluted net loss per American Depositary Share (“ADS[5]”) attributed to ordinary shareholders were both RMB2.81 (US$0.39) for the first quarter of 2025, compared with RMB3.44 each for the fourth quarter of 2024.Non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders were both RMB2.33 (US$0.32) for the first quarter of 2025, compared with RMB3.09 each for the fourth quarter of 2024.

[5] Each ADS represents ten ordinary shares.

Balance Sheets

Cash and cash equivalents and restricted cash was RMB9,898 million (US$1,364 million) as of March 31, 2025.

Conference Call

The Company’s management will host an earnings conference call on Thursday, May 15, 2025, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time on the same day).

All participants who wish to join the call are requested to complete the online registration using the link provided below. After registration, each participant will receive by email a set of dial-in numbers, a passcode and a unique access PIN to join the conference call. Participants may pre-register at any time, including up to and after the call start time.

Participant Online Registration: https://dpregister.com/sreg/10198801/feeb731fe9

A live webcast of the conference call will be available on the Company’s investor relations website at https://ir.zeekrgroup.com.

About Zeekr Group

Zeekr Group, headquartered in Zhejiang, China, is the world’s leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain. Zeekr Group’s values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider.

For more information, please visit https://ir.zeekrgroup.com.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, such as non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic and diluted net loss per ordinary share attributed to ordinary shareholders, non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and non-GAAP Results” set forth in this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.2567 to US$1.00, the exchange rate on March 31, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “future,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:
ZEEKR Intelligent Technology Holding Limited
Investor Relations
Email: ir@zeekrlife.com

Piacente Financial Communications
Tel: +86-10-6508-0677
Email: Zeekr@thepiacentegroup.com

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Zeekr@thepiacentegroup.com

Media Contact

Email: Globalcomms@zeekrgroup.com

 

 

 

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in million)

As of

December 31

March 31

March 31

2024

2025

2025

RMB

RMB

US$

ASSETS

Current assets:

Cash and cash equivalents

9,897

7,496

1,033

Restricted cash

1,491

2,402

331

Notes receivable

12,268

5,370

740

Accounts receivable

2,344

2,447

337

Inventories

10,388

10,255

1,413

Amounts due from related parties

9,821

9,737

1,342

Prepayments and other current assets

4,654

6,319

871

Total current assets

50,863

44,026

6,067

Property, plant and equipment, net

10,984

10,653

1,468

Intangible assets, net

1,346

1,380

190

Land use rights, net

506

503

69

Operating lease right-of-use assets

3,008

2,852

393

Deferred tax assets

340

349

48

Long-term investments

688

816

112

Other non-current assets

477

532

74

Total non-current assets

17,349

17,085

2,354

TOTAL ASSETS

68,212

61,111

8,421

 

 

 

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(Amounts in million)

As of

December 31

March 31

March 31

2024

2025

2025

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Short-term borrowings

1,353

9,426

1,299

Accounts payable

15,899

15,352

2,116

Notes payable and others

23,391

18,468

2,545

Amounts due to related parties

19,099

17,934

2,471

Income tax payable

98

162

22

Accruals and other current liabilities

15,455

13,084

1,803

Total current liabilities

75,295

74,426

10,256

Long-term borrowings

2,727

6,553

903

Operating lease liabilities, non-current

2,137

2,333

321

Other non-current liabilities

2,191

2,712

374

Deferred tax liability

57

58

8

Total non-current liabilities

7,112

11,656

1,606

TOTAL LIABILITIES

82,407

86,082

11,862

SHAREHOLDERS’ EQUITY

Ordinary shares

3

3

–

Paid-in capital in combined companies

7,669

–

–

Additional paid-in capital

15,763

10,513

1,450

Treasury Stock

(187)

(187)

(26)

Accumulated deficits

(38,894)

(33,953)

(4,679)

Accumulated other comprehensive income

(142)

(41)

(6)

Total Zeekr Group shareholders’ deficit

(15,788)

(23,665)

(3,261)

Non-controlling interest

1,593

(1,306)

(180)

TOTAL SHAREHOLDERS’ DEFICIT

(14,195)

(24,971)

(3,441)

TOTAL LIABILITIES AND SHAREHOLDERS’

EQUITY 

68,212

61,111

8,421

 

 

 

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE

(LOSS)/INCOME

(Amounts in million, except share/ADS and per share/ADS data and otherwise noted)

Three Months Ended

March 31

December 31

March 31

March 31

2024

2024

2025

2025

RMB

RMB

RMB

US$

Revenues:

Vehicle sales

16,450

31,015

19,096

2,631

Other sales and services

5,331

4,362

2,923

403

Total revenues

21,781

35,377

22,019

3,034

Cost of revenues:

Vehicle sales

(14,297)

(26,583)

(15,948)

(2,198)

Other sales and services

(3,939)

(2,429)

(1,858)

(256)

Total cost of revenues

(18,236)

(29,012)

(17,806)

(2,454)

Gross profit

3,545

6,365

4,213

580

Operating expenses:

Research and development expenses

(2,326)

(3,910)

(2,908)

(401)

Selling, general and administrative

expenses

(2,913)

(4,123)

(2,645)

(364)

Other operating income, net

0

585

81

11

Total operating expenses

(5,239)

(7,448)

(5,472)

(754)

Loss from operations

(1,694)

(1,083)

(1,259)

(174)

Interest expense

(148)

(187)

(116)

(16)

Interest income

78

159

45

6

Investment income

0

727

0

0

Other income/(expense), net

(140)

(189)

593

82

Loss before income tax expense and

share of losses in equity method

investments

(1,904)

(573)

(737)

(102)

Share of income/(loss) in equity method

investments

91

(134)

128

18

Income tax benefit/(expense)

(102)

78

(154)

(21)

Net loss

(1,915)

(629)

(763)

(105)

Less: income/(loss) attributable to non-

controlling interest

67

248

(45)

(6)

Net loss attributable to shareholders of

Zeekr Group

(1,982)

(877)

(718)

(99)

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE

(LOSS)/INCOME (CONTINUED)

(Amounts in million, except share/ADS and per share/ADS data and otherwise noted)

Three Months Ended

March 31

December 31

March 31

March 31

2024

2024

2025

2025

RMB

RMB

RMB

US$

Net loss per share attributed to

ordinary shareholders:

Basic and diluted

(0.99)

(0.34)

(0.28)

(0.04)

Weighted average shares used in

calculating net loss per share:

Basic and diluted

2,000,000,000

2,552,901,668

2,552,901,668

2,552,901,668

Net loss per ADS attributed to

ordinary shareholders:

Basic and diluted

–

(3.44)

(2.81)

(0.39)

Weighted average ADS used in

calculating net loss per ADS:

Basic and diluted

–

255,290,167

255,290,167

255,290,167

Net loss

(1,915)

(629)

(763)

(105)

Other comprehensive income/(loss),

net of tax of nil:

Foreign currency translation

adjustments

138

(41)

19

3

Comprehensive loss

(1,777)

(670)

(744)

(102)

Less: comprehensive income/(loss)

attributable to non-controlling interest

156

226

(68)

(9)

Comprehensive loss attributable to

shareholders of Zeekr Group 

(1,933)

(896)

(676)

(93)

 

 

 

ZEEKR INC.

UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(Amounts in million, except share/ADS and per share/ADS data and otherwise noted)

Three Months Ended

March 31

December 31

March 31

March 31

2024

2024

2025

2025

RMB

RMB

RMB

US$

Loss from operations

(1,694)

(1,083)

(1,259)

(174)

Share-based compensation expenses

3

89

123

17

Non-GAAP loss from operations

(1,691)

(994)

(1,136)

(157)

Net loss

(1,915)

(629)

(763)

(105)

Share-based compensation expenses

3

89

123

17

Non-GAAP net loss

(1,912)

(540)

(640)

(88)

Net loss attributable to ordinary shareholders

(1,982)

(877)

(718)

(99)

Share-based compensation expenses

3

89

123

17

Non-GAAP net loss attributable to

ordinary shareholders of Zeekr

Group 

(1,979)

(788)

(595)

(82)

Weighted average number of

ordinary shares used in calculating

Non-GAAP net loss per share

Basic and diluted

2,000,000,000

2,552,901,668

2,552,901,668

2,552,901,668

Non-GAAP net loss per ordinary

share attributed to ordinary

shareholders

Basic and diluted

(0.99)

(0.31)

(0.23)

(0.03)

Weighted average number of ADS

used in calculating Non-GAAP net

loss per ADS

Basic and diluted

–

255,290,167

255,290,167

255,290,167

Non-GAAP net loss per ADS

attributed to ordinary shareholders

Basic and diluted

–

(3.09)

(2.33)

(0.32)

 

 

View original content:https://www.prnewswire.com/news-releases/zeekr-group-reports-first-quarter-2025-unaudited-financial-results-302456086.html

SOURCE ZEEKR Intelligent Technology Holding Limited

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KLEVV UNVEILS ALL-NEW CRAS V RGB PRIME DDR5 GAMING/OC MEMORY

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36 minutes ago

on

October 28, 2026

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SUPPORTS AMD EXPO™ Technology: Featuring Ultra Low Latency
WITH AWARD-WINNING FLAGSHIP DESIGN

HONG KONG, Oct. 27, 2026 /PRNewswire/ — KLEVV, the leading consumer memory and storage brand introduced by Essencore, unveils the all-new CRAS V RGB PRIME DDR5 Gaming/OC Memory. Purpose-built for elite gaming rigs and demanding creative workloads, this new premium memory unleashes ultra-low CAS latency down to CL26 at 6000 MT/s and blazing overclocking speeds of up to 8000 MT/s at CL38, dressed in a striking black-and-gold finish and armed with dual-platform overclocking support for gamers, PC builders, and performance enthusiasts who demand nothing but the best. 

Refined Flagship Design and Craftsmanship
Building on the aluminum heat spreader design of the flagship CRAS V RGB, winner of both the Red Dot and iF Design Awards, the CRAS V RGB PRIME introduces a striking new black-and-gold interpretation of the series’ signature look.

An advanced hard-anodizing process, combined with a specialized surface treatment, gives the modules a smooth, piano-lacquer-like sheen that adds depth and sophistication from every angle. The result is an understated yet luxurious aesthetic that offers users a fresh, premium design choice while preserving the refined craftsmanship of the original CRAS V RGB.

High-Speed Performance with Lower Latency
The CRAS V RGB PRIME further advances KLEVV’s DDR5 overclocking memory lineup with tested speeds of 6000, 6400, and 8000 MT/s and CAS latencies of CL26, CL28, and CL38, respectively.

The 6000 MT/s configuration features tested timings of 26-36-36-76, while the 6400 MT/s configuration delivers timings of 28-38-38-78. For users seeking extreme frequencies, the 8000 MT/s models operate at tested timings of 38-48-48-128. All configurations are tested at 1.4V.

The 6000 and 6400 MT/s configurations are available in dual-channel kits ranging from 32GB (16GBx2), 64GB (32GBx2), to 128GB (64GBx2), while the 8000 MT/s models are offered in both 32GB (16GBx2) and 48GB (24GBx2) kits. This diverse range gives users greater flexibility to select the ideal balance of speed, latency, and capacity for their systems.

Next-Generation AMD EXPO™ Technology: Featuring Ultra Low Latency
“AMD EXPO™ Technology: Featuring Ultra Low Latency” is the latest evolution of AMD’s established memory overclocking technology. The new AMD EXPO ULL profile incorporates optimized memory sub-timing settings designed to reduce latency and improve overall performance on compatible AMD platforms. As the first product in KLEVV’s overclocking memory lineup to adopt this technology, the CRAS V RGB PRIME delivers a more responsive gaming and overclocking experience.

The 6000 MT/s and 6400 MT/s 32GB (16GBx2) configurations are certified for AMD EXPO Ultra Low Latency. According to AMD, certified Ultra Low Latency memory can deliver an average 4% improvement in FPS compared with non-ULL AMD EXPO memory on compatible systems.*

Broad Intel and AMD Platform Support
Offering broad support across the latest desktop platforms, the CRAS V RGB PRIME is compatible with AMD Ryzen™ processors on the AM5 platform and Intel® Core™ Ultra 200S Plus processors.

Each kit comes preloaded with both Intel® Extreme Memory Profile and AMD EXPO™ Technology overclocking profiles, allowing users to unlock high-speed performance through a simple BIOS setting on compatible motherboards with supported BIOS versions. With both profiles included, users can confidently choose their preferred speed and capacity without the hassle of selecting separate Intel- or AMD-specific models.

Premium Components for Uncompromising Stability
The CRAS V RGB PRIME features rigorously screened, high-quality memory ICs from a leading Korean manufacturer, ensuring consistent high-speed performance and exceptional stability under demanding workloads.

Paired with a high-density 10-layer PCB, the modules deliver enhanced signal integrity and greater resistance to interference during high-speed operation. Integrated PMIC and on-die ECC technologies further support stable power management and long-term reliability, creating a robust foundation for gaming and overclocking performance.

To ensure broad compatibility, the CRAS V RGB PRIME has also been validated on the QVLs (Qualified Vendor Lists) of four major motherboard manufacturers. Its RGB lighting supports ASUS Aura Sync, GIGABYTE RGB Fusion, MSI Mystic Light Sync, and ASRock Polychrome Sync, allowing users to seamlessly coordinate lighting across compatible components and systems.

A Complete DDR5 Gaming/OC Memory Lineup
The introduction of the CRAS V RGB PRIME further expands KLEVV’s comprehensive DDR5 Gaming/OC memory portfolio.

With the CRAS, URBANE, BOLT, and FIT series available across a wide range of designs and specifications, KLEVV continues to provide flexible memory choices for different performance requirements, system configurations, and aesthetic preferences.

Warranty and Availability
The CRAS V RGB PRIME DDR5 comes with a limited lifetime peace of mind warranty and will be available from November 2026. Please visit the KLEVV website to check product availability across online and offline retail channels. 

ABOUT KLEVV
KLEVV is a premium brand of Essencore, a major vendor of memory modules and NAND flash application products. The KLEVV range focuses on high-performance gaming memory modules and solid-state drives, engineered for enthusiasts who demand world-class quality and reliability. KLEVV memory and SSD products have been recognized with Germany’s Red Dot Design Award and iF Design Award for their innovative design. For more information, please visit www.klevv.com.

ABOUT ESSENCORE
Established in 2014, Essencore Limited aims to become the world’s top vendor of DRAM modules and NAND flash application products. The company started with one goal: to “Change the world and be a leader in semiconductor distribution.” The business strategies of Essencore are to adopt the newest technologies to differentiate themselves from competitors, deliver dedicated Memory products, and offer various product portfolios for customers’ competition readiness. For more information, please visit www.essencore.com.

*Based on AMD testing. Actual performance may vary depending on processor, motherboard, BIOS version, memory configuration, and application workload.

Overclocking and/or Undervolting AMD processors and memory, including without limitation, altering clock frequencies / multipliers or memory timing / voltage, to operate outside of AMD’s published specifications will void any applicable AMD product warranty, even when enabled via AMD hardware and/or software. This may also void warranties offered by the system manufacturer or retailer. Users assume all risks and liabilities that may arise out of overclocking / undervolting AMD processors, including, without limitation, failure of or damage to hardware, reduced system performance and/or data loss, corruption or vulnerability. GD-106.

View original content to download multimedia:https://www.prnewswire.com/news-releases/klevv-unveils-all-new-cras-v-rgb-prime-ddr5-gamingoc-memory-302920807.html

SOURCE Klevv

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transcosmos partners with Metaverse Creators to expand the global reach of VRChat 3D content through cross-border e-commerce platform Geek Jack

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36 minutes ago

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October 28, 2026

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Bringing avatars, outfits, and other creations by Japanese creators to users around the world

TOKYO, Oct. 27, 2026 /PRNewswire/ — transcosmos today announced a partnership with Metaverse Creators Inc. (Headquarters: Tokyo, Japan; CEO: Kazuo Wakamiya) to begin the global distribution of VRChat 3D content planned, produced, and sold by Metaverse Creators through Geek Jack, transcosmos’s cross-border e-commerce platform specializing in entertainment products. Through this partnership, avatar, outfit, hairstyle, accessory, and other 3D content will be gradually introduced on Geek Jack. transcosmos and Metaverse Creators will strengthen their sales and marketing framework to bring the works of Japanese creators to a broader global audience.

Background

In VR social platforms such as VRChat, a culture has emerged in which users connect across countries and regions while enjoying 3D content such as avatars, outfits, and accessories. While high-quality 3D content created by Japanese creators continues to attract growing interest from overseas audiences, challenges related to language, payment processing, marketing, and sales operations can create barriers for individual creators seeking to expand internationally.

Metaverse Creators has been working with leading creators in the metaverse space to plan, produce, and sell VRChat avatars, outfits, and other virtual items, while helping create an environment in which creators can continue to thrive.

Geek Jack is a cross-border e-commerce platform specializing in the entertainment category and operated by transcosmos. Since launching digital downloads of Japan-originated VTuber voice content in July 2019, Geek Jack has expanded its offerings to include both digital and physical products for customers around the world. Since 2023, Geek Jack has also offered VRChat avatars, outfits, and other products, strengthening its lineup of 3D model content for VR social platforms and the metaverse.

This partnership was established to further expand opportunities for Japanese 3D content to reach global audiences by combining Metaverse Creators’s expertise in planning and producing 3D content and its creator network with Geek Jack’s cross-border e-commerce infrastructure.

About the partnership
Under this partnership, transcosmos and Metaverse Creators will focus on the following initiatives:

Overseas sales of VRChat 3D content
Avatars, outfits, hairstyles, accessories, and other VRChat 3D content planned, produced, and sold by Metaverse Creators will be gradually made available on Geek Jack. The partnership will establish a streamlined shopping journey that enables overseas users to easily discover and purchase these creations.Strengthening outreach to overseas users
To bring product information and the unique appeal of creators to overseas users, promotional activities and product communications for international audiences will be strengthened. Beyond simply selling products, the partnership will communicate the creative vision and story behind each work, creating new opportunities for engagement between creators and fans around the world.Supporting creators’ sustainable global expansion
In addition to Metaverse Creators’s expertise in creator support, the partnership will leverage Geek Jack’s multilingual customer support capabilities and the proven track record of “Modesapo!” in addressing unauthorized distribution and reposting of creators’ works. By reducing the operational burden associated with international sales, the partnership will help creators focus on content creation while building an environment that enables them to continuously reach audiences around the world.Next steps
Through this partnership, transcosmos and Metaverse Creators will continue to expand the range of 3D content and participating creators on Geek Jack, bringing Japan-originated avatar culture and 3D creative works to users around the world. The partnership will also leverage feedback and demand from overseas users to inform future product development and promotional activities, with the goal of building a sustainable distribution ecosystem that creates new revenue opportunities and fan engagement for creators.

About Geek Jack
Geek Jack is a cross-border e-commerce platform operated by transcosmos and focused on entertainment products. Since July 2019, it has offered digital downloads of Japan-originated VTuber voice content. Today, in addition to digital products, Geek Jack sells physical merchandise to customers across countries and regions worldwide. Geek Jack is also expanding its lineup of 3D model content for VR social platforms and the metaverse, as well as music-related products. Official website: https://shop.geekjack.net/

About Metaverse Creators Inc. (https://metaverse-creators.tokyo/)
Metaverse Creators supports the growth of creators while working alongside them from planning through development, helping bring content created by Japanese creators to global audiences. Across a wide range of metaverse platforms, including VRChat and Roblox, Metaverse Creators provides end-to-end support covering everything from content creation to promotion. The company remains committed to establishing Japan-originated metaverse culture as a global cultural standard.

*transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.
*Other company names and product or service names used here are trademarks or registered trademarks of respective companies.

About transcosmos inc.
transcosmos launched its operations in 1966. Since then, we have united superior “people” with cutting-edge “technology” to enhance the competitive strength of our clients by providing them with superior and valuable services. transcosmos currently offers services that support clients’ business processes, focusing on both sales expansion and cost optimization through our 189 bases across 36 countries/regions with a focus on Asia, while continuously pursuing Operational Excellence. Furthermore, following the expansion of the e-commerce market on a global scale, transcosmos provides comprehensive One-Stop Global E-Commerce Services to deliver our clients’ excellent products and services to consumers in 46 countries/regions around the globe. transcosmos is committed to treating the challenges of its clients and society as its own—discussing and addressing their issues from planning to execution—and Make It Real, Together. Visit us here https://www.trans-cosmos.co.jp/english/

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SOURCE transcosmos inc.

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People&Technology advances smart hospital validation at Saudi Arabia’s PSMMC, backed by KHIDI

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36 minutes ago

on

October 28, 2026

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SEOUL, South Korea, Oct. 28, 2026 /PRNewswire/ — People&Technology (PnT), a smart hospital solution provider, is validating its smart hospital technologies at Prince Sultan Military Medical City (PSMMC), one of Saudi Arabia’s largest medical cities, operating under the Kingdom’s Ministry of Defense.

The project, officially titled “Introduction of an integrated smart hospital digitalization solution for outpatient and inpatient services utilizing existing infrastructure at a major Saudi medical city,” is supported by the Korea Health Industry Development Institute (KHIDI) under its ICT-based healthcare system overseas expansion program. It centers on PnT’s IndoorPlus+ platform, deploying three services: Smart ward, with wearable patient monitoring and asset tracking in the stroke unit to speed clinical response and ease nursing workload; Smart outpatient, built on indoor wayfinding to cut wait times and simplify navigation for outpatients; and an IoMT-based Smart hospital command center, giving administrators real-time, facility-wide visibility for faster decisions.

PnT is finalizing deployment of its wayfinding solution in PSMMC’s ObGyn ward for on-site demonstration, integrating with the patient mobile app developed by DigitConn to guide outpatients through the department. The solution reuses the hospital’s existing digital signage and kiosk infrastructure, whose Bluetooth broadcast capability is repurposed for location-based services, cutting installation cost and boosting synergy across on-site digital systems.

On the ground, the project is anchored by DigitConn, PnT’s trusted local partner, serving as PSMMC’s coordination and technical-support contact. DigitConn brings close to two decades of experience in Saudi Arabia’s healthcare IT industry, dating back to 2006, with deployments across major public hospitals nationwide. Together, PnT and DigitConn secured a tripartite MOU with PSMMC and completed on-site demonstrations with hospital clinicians.

“Validating our solutions at a facility of PSMMC’s scale and standing gives us a reference few overseas providers can match, showing hospitals across the region that our platform performs in one of Saudi Arabia’s most demanding institutional environments,” said an official at PnT.

With Saudi Vision 2030 driving healthcare digital transformation, PnT views PSMMC as a proof point for GCC and MENA expansion, signaling its ability to earn trust within large, government-run hospital systems.

PnT’s IndoorPlus+ platform has been deployed across 120+ hospitals to date, with interoperability spanning 50+ wearable and medical devices and 100+ IoT systems.

PnT plans to expand its PSMMC deployment based on the current phase’s results, with broader rollout planned across Ministry of Defense hospitals region-wide.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/peopletechnology-advances-smart-hospital-validation-at-saudi-arabias-psmmc-backed-by-khidi-302921526.html

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