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

Zeekr Intelligent Technology Holding Limited, a leader in the premium new energy vehicle market, has entered into a merger agreement with Geely Automobile Holdings Limited. This strategic move will see Zeekr becoming a wholly-owned subsidiary of Geely, a development that underscores the dynamic shifts within the electric vehicle industry. The merger, expected to close in the fourth quarter of 2025, will result in Zeekr transitioning into a privately held company under Geely’s ownership, with its shares delisted from the New York Stock Exchange.

The terms of the merger offer Zeekr shareholders the option to receive either cash or newly issued Geely shares, presenting a significant premium over recent trading prices. This arrangement not only highlights the value Geely places on Zeekr but also reflects the growing consolidation trend in the electric vehicle sector as companies seek to strengthen their market positions through strategic acquisitions.

The merger’s approval hinges on meeting customary closing conditions, including shareholder votes from both companies. Geely’s commitment to vote in favor of the merger, given its substantial shareholding in Zeekr, significantly increases the likelihood of the deal’s completion. This merger is poised to enhance Geely’s portfolio in the competitive new energy vehicle market, leveraging Zeekr’s innovative technologies and premium brand positioning.

Financial and legal advisors from both sides are facilitating the merger, ensuring that all regulatory and procedural requirements are meticulously addressed. The involvement of reputable firms underscores the complexity and significance of the transaction, which could set a precedent for future mergers in the rapidly evolving electric vehicle industry.

For further details on the merger, interested parties are directed to the U.S. Securities and Exchange Commission’s website (http://www.sec.gov), where the merger agreement and related documents will be made available. This merger represents a pivotal moment for both Zeekr and Geely, as they navigate the challenges and opportunities of the global new energy vehicle market.

This news story relied on content distributed by None. Blockchain Registration, Verification & Enhancement provided by NewsRamp. The source URL for this press release is Zeekr to Merge with Geely, Becoming a Wholly-Owned Subsidiary.