Zeekr's New Model Set to Drive Strong Monthly Sales -- Market Talk

Dow Jones06-27

0659 GMT - Zeekr Intelligent Technology's new model will likely drive strong monthly sales, Citi analysts write in a note. The Chinese automaker will follow the launch of the Zeekr 009 with two other new models in 2H, planning a series of intensive marketing campaigns to maintain product momentum, they add. Zeekr reported sharply higher sales in April and May. The company told Citi that it expects stable monthly sales of over 20,000 units in 2H and guides for 230,000 units for the year. Citi maintains a buy and high-risk rating on the stock with a target price of US$32.40. Shares last closed at US$21.65. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 27, 2024 02:59 ET (06:59 GMT)

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The Chinese automaker will follow the launch of the Zeekr 009 with two other ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZK","symbol_name":"极氪","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2446309382","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446309382","pubTimestamp":1719471540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0659 GMT - Zeekr Intelligent Technology's new model will likely drive strong monthly sales, Citi analysts write in a note. 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