HANGZHOU, China , Aug. 21, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a fast-growing intelligent battery electric vehicle ("BEV") technology company, today announced its unaudited financial results for the second quarter ended June 30, 2024 . Operating Highlights for the Second Quarter of 2024 Deliveries 2024 Q2 2024 Q1 2023 Q4 2023 Q3 54,811 33,059 39,657 36,395 Deliveries 2023 Q2 2023 Q1 2022 Q4 2022 Q3 27,399 15,234 32,467 20,464 Financial Highlights for the Second Quarter of 2024 [1] All conversions from Renminbi("RMB") to U.
S. dollars ("US$") are made at an exchange rate of RMB7.2672 to US$1.
00, set forth in the H.10 statistical release of the Federal Reserve Board on June 28, 2024. [2] Vehicle margin is the margin of vehicle sales, which is calculated based on revenues and cost of revenues derived from vehicle sales only.
[3] 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 (in RMB millions, except for percentages) 2024 Q2 2024 Q1 2023 Q2 % Change i YoY QoQ Vehicle sales 13,438.
2 8,174.1 8,450.2 59.
0 % 64.4 % Vehicle margin 14.2 % 14.
0 % 13.6 % 0.6pts 0.
2pts Total revenues 20,040.1 14,736.8 12,649.
7 58.4 % 36.0 % Gross profit 3,449.
8 1,739.4 1,550.3 122.
5 % 98.3 % Gross margin 17.2 % 11.
8 % 12.3 % 4.9pts 5.
4pts Loss from operations (1,721.0) (2,086.9).