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

Zeekr Intelligent Technology Holding Limited (NYSE: ZK), 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 (EV) 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 no longer listed on the New York Stock Exchange.

Under the terms of the merger, Zeekr shareholders will have the option to receive either cash or newly issued shares of Geely for their Zeekr shares. The cash offer represents a significant premium over recent trading prices, highlighting the strategic value Geely places on Zeekr. This merger not only consolidates Geely's position in the EV market but also signals a growing trend of consolidation in the industry as companies seek to leverage synergies and scale up operations to meet the increasing global demand for electric vehicles.

The merger is subject to approval by shareholders of both companies, with Geely already committed to voting in favor due to its substantial ownership stake in Zeekr. The deal reflects the broader industry's move towards integration and collaboration, as automakers strive to innovate and compete in the rapidly evolving EV landscape. For stakeholders, this merger presents an opportunity to be part of a larger, more diversified entity with enhanced capabilities to invest in technology and expand market reach.

Financial and legal advisors from both sides have played pivotal roles in structuring the agreement, ensuring that the merger aligns with the strategic objectives of both Zeekr and Geely. As the EV market continues to grow, this merger could set a precedent for future collaborations, emphasizing the importance of strategic partnerships in achieving long-term success in the automotive industry.