Shares of Zeekr (NYSE: ZK), the premium electric vehicle (EV) brand of Chinese automaker Geely, surged over 5% in premarket trading on Friday, driven by robust delivery numbers in China after the Chinese New Year holidays.
According to data shared by Li Auto, Zeekr registered 4,500 insurance registrations for its vehicles in China during the two weeks ending February 2, 2025, which included the week-long Chinese New Year holiday. This marked an increase from the 3,600 registrations recorded in the preceding week.
While industrial production and deliveries were disrupted by the Chinese New Year holiday period from January 28 to February 4, Zeekr's strong performance signals continued demand for its premium EVs in the world's largest automobile market. The company delivered 11,942 vehicles in January, albeit lower than December's figures due to the holiday effects. However, Zeekr remains on track to achieve its 2025 delivery target of 320,000 vehicles, representing a 44% year-over-year growth.
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