Gold is 2025’s best performer. UBS sees more upside
In a recent filing with the U.S. Securities and Exchange Commission (SEC), ZEEKR Intelligent Technology Holding Ltd, a $7.1 billion market cap company specialized in manufacturing motor vehicles and passenger car bodies, provided updates on its corporate affairs. The company, which generated nearly $10 billion in revenue over the last twelve months, submitted a Form 6-K for foreign private issuers dated today, Thursday, March 20, 2025. According to InvestingPro data, ZEEKR has established itself as a prominent player in the Automobiles industry, though analysts do not expect profitability this year.
The document, submitted by Conghui An, the Chief Executive Officer of ZEEKR Intelligent Technology Holding Ltd, did not contain detailed information about the nature of the update. However, as per SEC regulations, Form 6-K filings are used to report material events that may affect the financial health or operating results of a foreign company that trades its securities in the United States.
Based in Hangzhou, Zhejiang Province, China, ZEEKR operates in the manufacturing sector under the organization name 04 Manufacturing. The company, which has seen its stock surge over 74% in the past six months according to InvestingPro data, is incorporated under the jurisdiction code E9 and ends its fiscal year on December 31.
The business address and principal executive office of ZEEKR are located at Room 2301, Building 1, Dadao Wangchao Shangwu Center, Yingfeng Street, Xiaoshan District, Hangzhou, Zhejiang Province, China. The company can be reached by phone at 86 400 003 6036.
Investors and stakeholders often monitor these filings to stay informed about the company’s activities and strategic decisions that may influence its performance and stock price. The filing is particularly significant as ZEEKR approaches its next earnings report, scheduled for March 21, 2025. The filing is a routine disclosure that publicly traded companies are required to make to ensure transparency and compliance with U.S. securities laws.
The press release accompanying the filing was marked as Exhibit 99.1; however, the content of the press release was not disclosed in the SEC filing summary provided. It is standard practice for companies to include press releases as exhibits to their SEC filings to disseminate information about significant corporate events to the public and investors. Based on InvestingPro’s Fair Value analysis, ZEEKR currently appears to be trading below its Fair Value, with additional insights and financial health metrics available to subscribers.
The information in this article is based on the statement released by ZEEKR Intelligent Technology Holding Ltd to the SEC.
In other recent news, ZEEKR Intelligent Technology Holding Ltd has filed an operational update with the U.S. Securities and Exchange Commission (SEC) via Form 6-K. This filing, which is a standard procedure for foreign private issuers, highlights the company’s ongoing business strategies and confirms its adherence to SEC regulations. While the document does not specify detailed operational changes, it underscores ZEEKR’s commitment to maintaining transparency with its investors and regulatory compliance. Additionally, the company has affirmed its intention to continue filing annual reports under Form 20-F.
In another development, Spiros Fotinos, who served as the CEO for ZEEKR’s European operations, has departed from the company amid reports of sluggish performance in the second quarter of 2024. The departure is linked to weak sales and strategic shifts from a direct-to-consumer model to a retail approach. The company has yet to officially announce a successor, though reports indicate that Lothar Schubert has been named the new EU Chief. These updates reflect ongoing changes within ZEEKR’s management and operational strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.