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Less than three years! The extreme Krypton official declared more than 250000 vehicles.

2024-06-25 Update From: AutoBeta NAV: AutoBeta > News >


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On May 20th, the polar krypton official announced that it took 31 months to deliver more than 250000 units. It is understood that polar krypton announced the delivery of the 100th car on April 26, 2023, meaning that polar krypton took a year to deliver more than 150000 cars, continuing to set a new brand delivery record.

Polar Krypton was established in September 2020, the registered capital is 500 million yuan, the legal person is an Huicong, and the controlling shareholder is Geely Automobile Group Co., Ltd. In July 2021, polar krypton independent, Geely withdrew, and the controlling shareholder was changed to Shanghai Huapu Guorun Automobile Co., Ltd., which later changed its name to Polar Krypton Automobile (Shanghai) Co., Ltd., and the controlling shareholder of Polar Krypton Shanghai is the main body of this listing, Zhejiang Polar Krypton Intelligent Technology Co., Ltd., established in July 2021, with a registered capital of 10.5 billion yuan, legal person and general manager an Conghui.

Since its establishment, polar krypton has been listed in a total of four models, including the first production car polar krypton 001, the first MPV polar krypton 009, the first SUV polar krypton X, the first car polar krypton 007. It is understood that this year, polar krypton will launch four new cars, among which the polar krypton MIX will be unveiled at the 2024 Beijing Auto Show. The new car is designed with a STARGATE integrated smart light screen and uses a new way to open the door. It is jokingly called "Baby bus" by netizens.

According to the equity fierce plan, the annual sales of polar krypton will be no less than 650000 in 2025, which is Li Shufu's requirement for an Conghui as well as for polar krypton. Data show that polar krypton delivers 71900 and 119000 new cars in 2022 and 2023 respectively, compared with a target of 230000 in 2024. Obviously, the annual delivery of polar krypton is a far cry from the target of 2024 and 2025, with a cumulative sales volume of 49100 vehicles from January to April and more than 22500 vehicles in the following month. The data show that the cumulative sales of polar krypton 001, polar krypton 007, polar krypton X and polar krypton 009 are 26705, 18540, 2032 and 1871 respectively.

On May 11, Polar Krypton was officially listed on the New York Stock Exchange under the symbol "ZK", becoming the fourth new energy car company to be listed in the United States after Wei Xiaoli, and the ninth listed company by Li Shufu. It is understood that Polar Krypton Motor has issued a total of 21 million American depositary shares (ADS) at a price of $21 per share. The latest share price is $26, with a total market capitalization of about $6.438 billion.

Before extreme krypton IPO, Geely already had many listed companies, such as Geely, Polar Star, Volvo, Yigatong and so on, but as the shortest company under Geely, it does not yet have the ability to operate independently. The cumulative net loss in the three years since its establishment has reached 20.4 billion yuan, and Geely is constantly giving it blood transfusions.

Today, Geometry and Ruilan incubated by Geely in the new energy vehicle market do not have much market bright spots. Jiyue brand, which cooperates with Baidu, has reduced prices as soon as it goes public. There is also a lot of room for improvement in the volume of Polar Star and Lutes in the Chinese market, and Polar Krypton obviously stands out. As a high-end brand, Polar Krypton has enough ability to compete with other brands. It is even more important for Geely's development in the electric vehicle market.

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