Zeekr will be fully merged with Geely Auto!

On May 7, Geely Automobile Holdings Co., Ltd. (hereinafter referred to as “Geely Auto”) announced that it plans to acquire all issued shares of Zeekr Intelligent Technology Co., Ltd. (hereinafter referred to as “Zekr”). Geely Auto currently holds approximately 65.7% of Zeekr’s shares. If the transaction is completed, Zeekr will be fully merged with Geely Auto.
As a key measure to implement the strategic framework of the Taizhou Declaration, on November 14, 2024, Geely Holding Group announced the optimization of the equity structure of Zeekr and Lynk & Co. The entire transaction is divided into two parts: Zeekr spent 9 billion yuan to acquire 50% of Lynk & Co.’s equity, and Zeekr invested 367 million yuan to subscribe to Lynk & Co.’s new registered capital. After the transaction is completed, Zeekr owns 51% of Lynk & Co.’s equity, Geely Auto owns the other 49% equity, and Lynk & Co. becomes a non-wholly owned subsidiary of Zeekr.
On February 14, 2025, Geely Auto and Zeekr announced at the same time that Zeekr’s acquisition of Lynk & Co.’s equity was completed, and on the same day, Zeekr Technology Group was officially established. The transaction took only three months from announcement to completion. This is an important integration implemented by Geely Holding under the background of the Taizhou Declaration.
The acquisition of Zeekr by Geely Auto is an important step to further implement the Taizhou Declaration, focus on the main automotive business, improve resource utilization efficiency, and deepen brand synergy. It will strengthen Geely Auto’s global competitiveness in the field of smart new energy vehicles.
Geely Holding said that this move aims to promote the deep integration and efficient synergy of internal resources, eliminate repeated investment, reduce costs, and improve corporate competitiveness. Geely Auto’s Zeekr is positioned as a global luxury technology brand, Lynk & Co is positioned as a global new energy high-end brand, and Geely Galaxy and China Star are positioned as global mainstream brands. While expanding the market share of each segment, each brand seeks collaborative development, strengthens synergy in technology, products, supply chain, manufacturing, marketing and services, and international market expansion, improves technological innovation capabilities, and stimulates economies of scale.
Li Shufu, Chairman of Geely Holding Group, said: “In the face of fierce market competition and an increasingly complex economic environment, we will assess the situation and, in accordance with the spirit of the Taizhou Declaration, continue to promote the integration of the automotive business, return to one Geely, integrate technological advantages, improve innovation and profitability, continue to create long-term value, and build a world-leading smart electric vehicle group. At the same time, we will continue to maintain close communication and cooperation with the US and international capital markets.” In addition, Geely Holding Group also announced that Geely Auto will hold a “2025 First Quarter Results Conference” on May 15 to further explain the latest business developments.