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Geely Set to Take Zeekr Private Ahead of Finalised Merger

Mukhlis Azman

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Geely Automobile has officially signed a merger agreement with Zeekr to take the brand private from the group.

Geely Holding Group announced today that its subsidiary, Geely Automobile, has signed a merger agreement with Zeekr Technology. With this merger, Geely Auto will acquire all outstanding Zeekr shares not already held by the company, while Zeekr shareholders will be given options to either cash out on their shares or take up Geely Auto shares as consideration.

Geely-Galaxy-E5-MY-4.jpgZeekr-Showroom-22.jpg

According to CarNewsChina, this merger will effectively privatise Zeekr, meaning that the company will be de-listed from the New York Stock Exchange (NYSE) just over a year after it went public back in May 2024. Upon completion of this privatisation, Zeekr will then become a wholly-owned subsidiary of Geely Automobile, which increased from the current 62.8% ownership on a fully diluted basis.

Under the terms of the agreement, current Zeekr shareholders have the option to receive either cash of up to $2.687 (RM) or 1.23 Geely Auto shares for each Zeekr share they let go.

Zeekr-7X-EVSUV-2.JPGLynk&Co-Z10-EV-12.jpg

This privatisation move stems from Geely Auto’s growing confidence in Zeekr, which has shown impressive growth of late. In Q1 2025 alone, Zeekr Technology, which includes both the Zeekr and Lynk & Co marques, delivered a total of 114,011 vehicles, marking a 21.1% year-on-year (YoY) increase.

During this period, the Zeekr brand alone delivered 41,403 units, which marks a 25.2% increase over the same period in the previous year.

More importantly, this merger is expected to yield efficiency gains for Zeekr Technology. For example, the integration of R&D efforts and shared intelligent assisted driving platforms between Zeekr and Lynk & Co has already resulted in a 15% reduction in R&D expenses.

Zeekr-007-GT-32.jpgZeekr-007-GT-China-1.jpg

With Zeekr Technology now going private, this could allow the automaker to focus more on product development and technological advancements without the short-term performance pressures from investors. For Geely’s side, the merger allows the company to consolidate its intelligent new energy vehicle (NEV) brands under one roof, thus providing better product synergy and possible future cost-cutting measures.

Source: CarNewsChina


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Written By

Mukhlis Azman

An avid two-wheeler that writes and talks about four-wheelers for a living, while dreaming of an urban transit-laden Malaysia. @mukhlisazman

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JPJ Running Numbers

KUALA LUMPUR

VPR2272

SELANGOR

BSH5285

JOHOR

JYG2295

PULAU PINANG

PRT7257

PERAK

APA8594

PAHANG

CFD3863

KEDAH

KGC1396

NEGERI SEMBILAN

NEG9306

KOTA KINABALU

SJM4603

KUCHING

QAB1043M

Last updated 31 Aug, 2025

Fuel Price

Petrol

RON 95

RM 2.05

RON 97

RM 3.16

+0.03

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.88

+0.03

EURO 5 B7

RM 3.08

+0.03

Last updated 28 Aug, 2025

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