ZEEKR (ZK.US) Confident to Achieve Full-yr Sales Target; Expansion in Lower-tier CN Mkts During 2H24

　　Speaking on a TVB program, Yuan Jing, CFO of ZEEKR Intelligent Technology (ZK.US) , a subsidiary of GEELY AUTO (00175.HK) -0.020 (-0.251%) Short selling $59.43M; Ratio 19.549% , said 1H24 deliveries had doubled YoY to 87,000 units, which is 38% of its full-year sales target. He was confident that the subsidiary could achieve its full-year goal of 230,000 units. In 2H24, ZEEKR will expand in China's lower-tier markets, and is optimistic about the spending power of third and fourth-tier cities.

　　Asked about the tariffs imposed by Europe and the United States on Chinese electric vehicles, Yuan said ZEEKR's overseas sales are concentrated in emerging markets, while production can also utilise the parent's overseas production lines, allowing it to avoid tariff risk.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)