Zeekr to Merge with Geely, Becoming a Wholly-Owned Subsidiary

Zeekr Intelligent Technology Holding Limited, a leading premium new energy vehicle group, has entered into a merger agreement with Geely Automobile Holdings Limited. This agreement will see Zeekr becoming a wholly-owned subsidiary of Geely, a move that underscores the accelerating consolidation within the electric vehicle industry. The merger, expected to close in the fourth quarter of 2025, offers Zeekr shareholders the option to receive cash or newly issued Geely shares, presenting a premium of up to 25.6% over recent trading prices.

The transaction highlights the strategic importance of scale and integration in the competitive new energy vehicle market. By bringing Zeekr under its umbrella, Geely strengthens its position in the premium electric vehicle segment, leveraging Zeekr's innovative technologies and market presence. The merger also reflects broader trends of consolidation in the automotive industry, as companies seek to pool resources and expertise to navigate the transition to electric mobility.

For shareholders and the industry at large, the merger represents a pivotal moment. It not only offers immediate financial benefits to Zeekr's shareholders but also signals Geely's commitment to leading the electric vehicle revolution. The deal's completion, pending customary approvals, will likely influence competitive dynamics in the global electric vehicle market, potentially accelerating innovation and market expansion.