In February 2025, Zeekr completed its strategic integration with Lynk & Co, creating "Zeekr Technology Group" with Zeekr holding a 51% controlling stake in Lynk & Co and Geely maintaining the remaining 49%12. This consolidation aims to streamline operations and maximize resource sharing between the two premium brands while maintaining their distinct market positions3. The integration is expected to generate significant cost efficiencies, with projected reductions of 10-20% in R&D expenses, 5-8% in supply chain costs, and 10-20% in support and service department expenses45.

The newly formed group has set ambitious targets for 2025, aiming for 710,000 vehicle sales (a 40% increase from 2024), with 320,000 units under the Zeekr brand and 390,000 under Lynk & Co67. Both brands will maintain independent front-end operations while sharing middle and back-end resources6. Their international expansion strategy includes establishing over 200 overseas stores by 2025, with Lynk & Co continuing as the main force in global markets while Zeekr accelerates its international presence68. This integration represents a key step in Geely Holding's broader strategy to create two major automotive entities-Geely Auto for mainstream markets and Zeekr Technology Group for premium segments7.

Geely's privatization offer values Zeekr at $2.57 per share or $25.66 per American Depositary Share (ADS), representing a 13.6% premium over Zeekr's closing price on the last trading day and a 20% premium to the volume-weighted average price during the previous 30 trading days.123 This valuation places Zeekr's total worth at approximately $6.52 billion, with Geely needing to pay around $2.2 billion for the remaining 34.3% stake it doesn't already own.23 The announcement sent Zeekr's shares up by approximately 10-11% in pre-market trading.124

• Geely currently holds about 65.7% of Zeekr's total issued and outstanding share capital.123

• If the privatization proceeds, Zeekr would become a wholly-owned subsidiary of Geely Auto, be delisted from the NYSE, and fully merged into Geely's operations.235

• The move comes just one year after Zeekr went public in the US, where it initially sought a valuation of up to $5.13 billion.6

Chinese automaker Geely's privatization bid values Zeekr at approximately $6.52 billion, with the company needing to pay about $2.2 billion for the remaining 34.3% share it doesn't already own.12 As of May 7, Geely held around 65.7% of Zeekr's total issued and outstanding share capital.32 The proposed transaction would see Zeekr fully merged into Geely Auto upon completion, according to company statements.12

The privatization move comes amid challenging market conditions, with Zeekr's shares having lost 20% of their value this year.45 Geely chairman Li Shufu explained the rationale behind the decision on WeChat: "In the face of fierce market competition and an increasingly complex economic environment, we will... continue to promote the integration of our automotive business."12 Analysts noted that taking the brand private will optimize internal resources, eliminate redundant investments, cut costs, and potentially create long-term value for the company.5