Zeekr Intelligent Technology Holding Limited's Comment on Supply Chain
The company oversees key manufacturing and procurement processes, including sourcing raw materials and auto parts. Its factories are responsible for procuring and inspecting raw materials, manufacturing battery electric vehicles (BEVs) under cooperation agreements, and coordinating on-site quality inspections. Ningbo Viridi manufactures products at its Ningbo, Zhejiang plant, which houses production and research and development facilities for battery, motor, and electronic control system development. The company purchases assembled vehicles under Cooperation Framework Agreements with Geely Group and manages procurement of raw materials such as steel, aluminum, and lithium battery cells, primarily sourced from suppliers in China, particularly Zhejiang. The supply management team collaborates closely with suppliers to ensure supply availability and to leverage economies of scale. The company has not experienced significant supply chain disruptions or raw material price volatility and monitors cybersecurity risks in the supply chain through a designated team. Quality control processes include extensive vehicle testing prior to product release, including 1.44 million kilometers of road tests conducted before the delivery of the Zeekr 001 in October 2021.
Zeekr Intelligent Technology Holding Limited's Comment on Supply Chain
The company oversees key manufacturing and procurement processes, including sourcing raw materials and auto parts. Its factories are responsible for procuring and inspecting raw materials, manufacturing battery electric vehicles (BEVs) under cooperation agreements, and coordinating on-site quality inspections. Ningbo Viridi manufactures products at its Ningbo, Zhejiang plant, which houses production and research and development facilities for battery, motor, and electronic control system development. The company purchases assembled vehicles under Cooperation Framework Agreements with Geely Group and manages procurement of raw materials such as steel, aluminum, and lithium battery cells, primarily sourced from suppliers in China, particularly Zhejiang. The supply management team collaborates closely with suppliers to ensure supply availability and to leverage economies of scale. The company has not experienced significant supply chain disruptions or raw material price volatility and monitors cybersecurity risks in the supply chain through a designated team. Quality control processes include extensive vehicle testing prior to product release, including 1.44 million kilometers of road tests conducted before the delivery of the Zeekr 001 in October 2021.
Sources:
Zeekr Intelligent Technology Holding Limited's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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