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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.