Segment reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment reporting

Schedule of summary of Group's operating segment results and assets


		Year Ended December 31, 2022
		Zeekr		Viridi		ZTE
		Segment		Segment		Segment		Total
Revenue from external customers		20,577,054		10,391,787		930,607		31,899,448
Intersegment revenues⁽¹⁾		52,987		2,407,337		1,509,320		3,969,644
		20,630,041		12,799,124		2,439,927		35,869,092
Reconciliation of revenue
Elimination of intersegment revenues								(3,969,644)
Total consolidated revenues								31,899,448
Less:
Cost of revenue⁽²⁾		19,587,442		11,628,709		1,958,945		33,175,096
Segment gross profit		1,042,599		1,170,415		480,982		2,693,996

Reconciliation of segment gross profit
Total segment gross profit								2,693,996
Research and development expense								(5,446,320)
Selling, general and administrative expense								(4,245,317)
Other operating income, net								67,764
Interest expense								(283,731)
Interest income								112,142
Other (expenses) income, net								(31,679)
Elimination of intersegment profits								(221,946)
Loss before income tax expense and share of losses in equity method investments								(7,355,091)

Other segment disclosures⁽³⁾
Research and development expense		(5,554,174)		(111,521)		—		(5,665,695)
Selling, general and administrative expense		(3,628,867)		(432,271)		(184,179)		(4,245,317)

The table below provides a summary of the Group’s reportable segment results for the year ended December 31, 2023.


		Year Ended December 31, 2023
		Zeekr		Viridi		ZTE
		Segment		Segment		Segment		Total
Revenue from external customers		35,614,648		15,268,315		789,655		51,672,618
Intersegment revenues⁽¹⁾		—		2,934,885		1,469,472		4,404,357
		35,614,648		18,203,200		2,259,127		56,076,975
Reconciliation of revenue
Elimination of intersegment revenues								(4,404,357)
Total consolidated revenues								51,672,618
Less:
Cost of revenue⁽²⁾		29,822,710		17,248,985		1,994,036		49,065,731
Segment gross profit		5,791,938		954,215		265,091		7,011,244

Reconciliation of profit or loss (segment gross profit)
Total segment gross profit								7,011,244
Research and development expense								(8,369,207)
Selling, general and administrative expense								(6,920,561)
Other operating income, net								261,188
Interest expense								(256,081)
Interest income								94,624
Other (expenses) income, net								50,587
Elimination of intersegment profits								(160,714)
Loss before income tax expense and share of losses in equity method investments								(8,288,920)

Other segment disclosures⁽³⁾
Research and development expense		(8,027,863)		(258,396)		—		(8,286,259)
Selling, general and administrative expense		(6,212,764)		(549,456)		(158,341)		(6,920,561)

The table below provides a summary of the Group’s reportable segment results for the year ended December 31, 2024.


		Year Ended December 31, 2024
		Zeekr		Viridi		ZTE
		Segment		Segment		Segment		Total
Revenue from external customers		58,051,686		17,029,492		831,473		75,912,651
Intersegment revenues⁽¹⁾		530,456		981,952		1,518,871		3,031,279
		58,582,142		18,011,444		2,350,344		78,943,930
Reconciliation of revenue
Elimination of intersegment revenues								(3,031,279)
Total consolidated revenues								75,912,651
Less:
Cost of revenue⁽²⁾		48,633,475		15,624,844		1,848,630		66,106,949
Segment gross profit		9,948,667		2,386,600		501,714		12,836,981

Reconciliation of profit or loss (segment gross profit)
Total segment gross profit								12,836,981
Research and development expense								(9,720,213)
Selling, general and administrative expense								(9,647,404)
Other operating income, net								459,743
Interest expense								(69,906)
Interest income								171,030
Investment income								726,973
Other (expenses) income, net								(105,849)
Elimination of intersegment profits								(389,530)
Loss before income tax expense and share of losses in equity method investments								(5,738,175)

Other segment disclosures⁽³⁾
Research and development expense		(9,314,259)		(1,021,330)		(35,603)		(10,371,192)
Selling, general and administrative expense		(8,666,793)		(646,905)		(333,706)		(9,647,404)

⁽¹⁾

Included in the revenue recorded by the Viridi Segment above, sales of battery packs and components were made to Zeekr Factory and the Chengdu Factory for the manufacturing of Zeekr models on an OEM basis in the amount of RMB2,402,657, RMB2,871,045 and RMB662,124 for the years ended 31, 2022, 2023 and 2024, respectively.

⁽²⁾	Cost of revenue is easily computable and the only significant segment expense.

⁽³⁾	The other segment disclosures are the items regularly provided to the CODM but not be included in the segment gross profit. Intersegment expenses are included within the amounts shown.


		Year Ended December 31,
		2022		2023		2024
		RMB		RMB		RMB
Total Assets
Zeekr Segment		9,618,203		16,746,231		24,393,390
Viridi Segment		9,708,876		12,058,165		11,291,598
ZTE Segment		3,567,993		3,189,275		2,701,888

Schedule of revenues by geographic area based on the sales


		Year Ended December 31, 2022
		China		Europe		Other
		RMB		RMB		RMB
Vehicle		19,671,247		—		—
Batteries and other components		7,463,851		2,759,550		94,421
Research and development and others		1,713,272		44,017		153,090
Total		28,848,370		2,803,567		247,511


		Year Ended December 31, 2023
		China		Europe		Other
		RMB		RMB		RMB
Vehicle		32,889,346		44,315		978,101
Batteries and other components		10,388,319		4,194,542		109,756
Research and development and others		2,697,682		368,166		2,391
Total		45,975,347		4,607,023		1,090,248


		Year Ended December 31, 2024
		China		Europe		Other
		RMB		RMB		RMB
Vehicle		52,035,381		729,442		2,550,483
Batteries and other components		11,166,201		5,581,185		46,432
Research and development and others		3,297,411		471,356		34,760
Total		66,498,993		6,781,983		2,631,675

Schedule of long-term assets by geographical region


		Year Ended December 31, 2023
		China		Sweden		Other
		RMB		RMB		RMB
Total long-term assets		5,248,201		706,906		139,095


		Year Ended December 31, 2024
		China		Sweden		Other
		RMB		RMB		RMB
Total long-term assets		5,675,293		656,404		155,562