Why Is Chinese EV Maker ZEEKR Stock Surging Today?

Battery electric vehicle (BEV) technology company ZEEKR Intelligent Technology Holding Limited ZK shares are trading higher after the company reported delivery results for June 2024.

The company delivered 20,106 vehicles, marking an 89% increase compared to the same month last year.

ZEEKR’s year-to-date deliveries in 2024 total 87,870 vehicles, reflecting a 106% growth over the previous year.

Cumulatively, ZEEKR has delivered 284,503 vehicles as of June 2024. The company’s flagship model, the ZEEKR 001, has surpassed 200,000 deliveries.

In June 2024, ZEEKR signed cooperation agreements with PT Premium Auto Prima in Indonesia and Sentinel Automotive Sdn. Bhd. in Malaysia, marking its entry into these markets.

Also Read: Chinese EV Maker ZEEKR Sees 117% Jump in Vehicle Deliveries in Q1, Outperforms Expectations

ZEEKR is now active in over 25 major markets worldwide and plans to expand to more than 50 international markets this year, including regions in Europe, Asia, Oceania, and Latin America.

The company aims to reach over 50 international markets by the end of the year to become a dominant player in the electric vehicle sector.

Price Action: ZK shares are trading higher by 2.44% at $19.30 in premarket at last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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