ZEEKR Intelligent Technology Holding Limited Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against ZEEKR Intelligent Technology Holding Limited (NYSE: ZK).
If you purchased or held ZEEKR Intelligent Technology Holding Limited securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.
About ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited is a China-based electric vehicle manufacturer that operates as part of the Geely group, one of the largest automotive conglomerates in China. ZEEKR focuses on designing, developing, and selling premium electric vehicles, targeting both domestic and international markets.
The company has reported rapid growth in deliveries and revenues over recent years, frequently highlighting strong year-over-year increases in vehicle sales.
The Allegations
ZEEKR is under investigation for allegedly inflating its reported vehicle sales through a scheme involving pre-insuring cars and booking them as sales before they reached actual customers. On July 19, 2025, a Reuters article revealed that ZEEKR had seemingly engaged in this practice, particularly in late 2024, by working with a Xiamen dealership to meet aggressive sales targets. The report detailed how the company allegedly counted these pre-insured vehicles as sales, even though they had not been delivered to end customers.
Following this disclosure, ZEEKR’s American Depositary Receipts (ADRs) experienced a significant decline. On July 21, 2025, the ADR closed at $28.99, down $1.08 or 3.59 percent, erasing an estimated $240–270 million in market value. While there was a modest rebound in the following days, a substantial net loss remained as of July 23, 2025.
The timing of this stock price drop closely tracked the Reuters report, and there were no other company-specific or market-wide news events that could explain the move during that period. This suggests that the decline was potentially caused by the revelation of the alleged sales inflation scheme.
Several of the company’s public statements are now under scrutiny for potentially being misleading. For example, on Oct. 31, 2024, ZEEKR announced October deliveries of 25,049 units, a 92 percent year-over-year jump, and touted record growth. However, the Reuters exposé later indicated that many of these deliveries were not genuine end-customer sales but were instead pre-insured vehicles counted as sales.
Similarly, in its Q3 2024 financial results released Nov. 14, 2024, CEO Andy An and CFO Jing Yuan highlighted “record-high deliveries” of 55,003 vehicles and significant revenue and margin improvements. If, as alleged, many of these sales were artificially inflated through pre-insurance, these statements may have misrepresented the company’s true growth and profitability.
The pattern continued in Q4 2024 and Q1 2025 results, with the company touting “the highest delivery volume since inception” and “record profitability,” while allegedly omitting the impact of the sales inflation scheme. It seems that at no point did ZEEKR disclose its use of pre-insured vehicles to boost sales figures, nor did it warn of potential regulatory scrutiny, despite a government crackdown on such practices.
Dealers reportedly faced direct pressure from ZEEKR to comply with the booking scheme, and many buyers unknowingly purchased vehicles that had already been registered. The company’s swift response to the allegations, including a public denial and announcement of an internal investigation, suggests management may have been aware of the irregularities.
The investigation is examining whether ZEEKR Intelligent Technology Holding Limited, CEO Andy An, and CFO Jing Yuan may have violated federal securities laws by making material misrepresentations and omissions in their SEC filings, earnings releases, and public statements. The preliminary estimate of class-wide damages is in the range of $100–200 million, based on the stock price drop and the number of shares affected.
Your Rights and Next Steps
Investors who purchased or held ZEEKR Intelligent Technology Holding Limited securities and suffered financial losses may have important legal rights. This is currently an investigation and has not yet resulted in a filed class action lawsuit. However, if the investigation uncovers sufficient evidence of securities fraud, it may lead to a class action on behalf of affected investors.
By joining the investigation, investors can help ensure their voices are heard and potentially maximize any recovery if a class action is filed. Participation is confidential, and there is no cost to have lawyers review your claim and eligibility.
You May Be Entitled to Compensation
If you purchased or held ZEEKR Intelligent Technology Holding Limited securities and experienced losses, you may be eligible to join this ongoing investigation and seek compensation for your damages. Securities investigations are time-sensitive, so it is important to act promptly.
To find out if you qualify and to take the next step, complete the form below to join the investigation.