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 agreement will see Zeekr becoming a wholly-owned subsidiary of Geely, a move that underscores the dynamic shifts within the electric vehicle industry. The merger offers Zeekr shareholders the option to receive cash or shares in Geely, with the cash option representing a significant premium over recent trading prices.

The merger, expected to close in the fourth quarter of 2025, is contingent upon shareholder approval and other customary closing conditions. This strategic consolidation highlights Geely's commitment to expanding its footprint in the new energy vehicle sector, leveraging Zeekr's innovative technologies and market position. The transaction will result in Zeekr transitioning into a privately held company, with its shares delisted from the New York Stock Exchange.

Financial and legal advisories from both sides have played a pivotal role in structuring the merger, ensuring that the interests of shareholders and the strategic goals of both companies are aligned. For more details on the merger, interested parties are encouraged to review the documents available at the SEC’s website.