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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

Date
April 12, 2024
Author
Not clearly detected
Form
CORRESP
Company
ZEEKR Intelligent Technology Holding Ltd (ZK) (CIK 0001954042)

Letter

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

Show Raw Text
CORRESP
1
filename1.htm

    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