Correspondence 0001104659-24-046629 from ZEEKR Intelligent Technology Holding Ltd (ZK) (CIK 0001954042)
ZEEKR Intelligent Technology Holding Ltd (ZK) (CIK 0001954042)
Date: April 12, 2024 · CIK: 0001954042 · Accession: 0001104659-24-046629
AI Filing Summary & Sentiment
File numbers found in text: 333-275427
Referenced dates: March 27, 2024
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Davis Polk & Wardwell
Hong Kong Solicitors
The Hong Kong Club Building
3A Chater Road
Hong Kong
davispolk.com
Resident Hong Kong Partners
James C. Lin *
Gerhard Radtke *
Martin Rogers **
Miranda So *
James Wadham **
Xuelin Wang *
Hong Kong Solicitors
* Also Admitted in New York
** Also Admitted in England and
Wales
April 12, 2024
Re:
ZEEKR Intelligent Technology Holding Limited (CIK: 0001954042)
Amendment No. 3 to Registration Statement on Form F-1 Filed on March 20, 2024
File No. 333-275427
Confidential
Mr. Charles Eastman
Mr. Hugh West
Mr. Bradley Ecker
Mr. Geoffrey Kruczek
Division of Corporation Finance
Office of Manufacturing
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Ladies and Gentlemen:
On behalf of ZEEKR Intelligent
Technology Holding Limited (the “Company”), an exempted company incorporated under the laws of the Cayman Islands,
we submit to the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”)
this letter setting forth the Company’s responses to the comments contained in the Staff’s letter dated March 27, 2024 on
the Company’s Amendment No. 3 to Registration Statement on Form F-1 filed on March 20, 2024 (the “Registration Statement”).
Concurrently with the submission of this letter, the Company is publicly filing its revised registration statement on Form F-1 (the “Revised
Registration Statement”) and certain exhibits via EDGAR to the Commission. The Company confirms that its securities have not
been previously sold pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities
Act”).
The Company has responded
to the Staff’s comments by revising the Registration Statement or by providing an explanation if the Company has not so revised
the Registration Statement. The Staff’s comments are repeated below in bold, followed by the Company’s response to such comments.
The Company has included page numbers to refer to the location in the Revised Registration Statement where the language addressing a particular
comment appears.
April 12, 2024
* * * *
Form F-1 amendment No 3
Capitalization, page 82
1. Please expand your table to include both your short-term and long-term indebtedness in the calculation
of total capitalization.
The Company respectfully advises the
Staff that it did not have any short-term indebtedness as of December 31, 2023. For the capitalization table on page 83, it has already
included the long-term indebtedness, which was the loan from related parties, in the calculation of total capitalization.
Management's Discussion and Analysis of
Financial Condition and Results of Operations
Seasonality, page 107
2. We note your general disclosure regarding a decline in demand for new cars in the winter season, especially
during the Chinese New Year holiday. Please revise your disclosure to clarify whether this is the driver for the significant month over
month decline in Delivery Volumes from Jan to Feb 2024 as disclosed in the table on page 20. If other factors or trends are driving the
decline, expand your disclosure to describe them.
The Company respectfully advises the
Staff that it has updated the disclosure on pages 20, 36 and 107 in the Revised Registration Statement in response to the Staff’s
comment.
Internal Control over Financial Reporting,
page 114
3. We note the previously disclosed material weakness related to the "lack of formal risk assessment
process over financial SEC reporting requirements" does not appear in the current amendment. Please clarify whether this material
weakness has been remediated and expand your disclosure to briefly describe the remedial measures that have been implemented.
The Company respectfully advises
the Staff that the material weakness related to the “lack of formal risk assessment process over financial SEC reporting
requirements” had been remediated as of December 31, 2023, and it has updated the disclosure related to the remedial measures
on pages 114 and 115 in the Revised Registration Statement in response to the Staff’s comment.
* * * *
April 12, 2024
If
you have any questions regarding this submission, please contact Ran Li at +86-10-8567-5013 (ran.li@davispolk.com).
Thank you again for your time
and attention.
Yours sincerely,
/s/ Ran Li
Ran Li
cc:
Mr. Conghui An, Chief Executive Officer
Mr. Jing Yuan, Chief Financial
Officer
ZEEKR Intelligent Technology
Holding Limited
Mr. Neo Lin, Partner
Deloitte Touche Tohmatsu Certified Public Accountants LLP