Geely's Zeekr Aims for 320,000 EV Deliveries by 2025
Geely Auto's Ambitious Plans for Zeekr EVs
Geely Auto has set a notable target for its Zeekr brand, aiming to deliver 320,000 electric vehicles (EVs) in 2025. This projection reflects a remarkable 44% increase from the 2024 figures, showcasing Geely's confidence in the growing EV market.
Previous Sales and Growth Trajectory
In 2024, Zeekr achieved a significant milestone by selling 222,123 EVs, which represents an impressive 87% jump in sales compared to the previous year. This increase in sales underscores the brand's rapid growth and its budding presence in the global automotive landscape.
Geely's Overall Market Strategy
Geely’s broader strategy involves delivering 2.71 million vehicles across all its brands in the coming year, which includes a substantial target of 2 million units specifically for the Geely brand. In 2024, they successfully delivered 2.18 million vehicles, demonstrating a solid growth pattern.
Zeekr's Global Expansion
Since launching its EV offerings in October 2021, Zeekr has already delivered over 350,000 vehicles. The brand is not just limited to the Chinese market; it has extended its operations to Europe, Hong Kong, and is present in over 30 markets globally. This strategic expansion is crucial as Zeekr competes in a rapidly evolving and competitive EV market.
Stock Performance and Market Insights
Zeekr operates under the official name Zeekr Intelligent Tech and is traded on the New York Stock Exchange under the ticker ZK. Analysts have set a consensus price target of $31.83 for the stock, which indicates a positive outlook from five analysts who have covered it. Currently, Zeekr shares saw a decrease of 4.44% recently, closing at $27.12, and have experienced a downturn of 4% over the past year.
Future Outlook for EV Market
The EV market continues to expand, propelled by strong consumer demand and increasing governmental support for electric mobility. With competitive offerings from brands like Zeekr and others, the next few years are set to witness significant evolution in this sector. As automakers ramp up production and enhance their technologies, consumers will benefit from more choices and innovations.
Understanding the Zeekr Brand Strategy
Zeekr's strategy focuses on producing high-quality, affordable EVs tailored to the changing preferences of consumers. By harnessing Geely's vast resources and technology, Zeekr aims to capture a significant share of the EV market both domestically and internationally, appealing to eco-conscious buyers seeking cutting-edge automotive solutions.
Frequently Asked Questions
What is the target delivery for Zeekr EVs in 2025?
Zeekr aims to deliver 320,000 EV units in 2025, a 44% increase over 2024.
How many vehicles did Zeekr sell in 2024?
In 2024, Zeekr sold 222,123 EVs, marking an 87% increase from the previous year.
What is Geely’s overall vehicle delivery goal for the coming year?
Geely is targeting a total delivery of 2.71 million vehicles across all its brands in the new year.
Where is Zeekr operational?
Zeekr operates in several international markets, including Europe and Hong Kong, and is serving over 30 markets worldwide.
What is Zeekr's stock ticker symbol?
Zeekr is traded on the New York Stock Exchange under the ticker symbol ZK.
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