Geely Set to Take Zeekr Private Ahead of Finalised Merger
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.
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.
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.
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
Gallery








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
JPJ Running Numbers
KUALA LUMPUR
VPK3820
SELANGOR
BSG3182
JOHOR
JYD3211
PULAU PINANG
PRS4205
PERAK
ANX7392
PAHANG
CFC6075
KEDAH
KGB3937
NEGERI SEMBILAN
NEG4661
KOTA KINABALU
SJL7093
KUCHING
QAB6841L
Last updated 16 Jul, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.21
+0.03
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.91
+0.03
EURO 5 B7
RM 3.11
+0.03
Last updated 17 Jul, 2025
Related News
Zeekr 009 Executive Gets Dual-Chamber Air Suspension Upgrade
The newly launched Zeekr 009 Executive variant gets a dual-chamber air suspension system upgrade in Malaysia.
14-05-2025
Auto Shanghai 2025: Zeekr 9X Bows As Brand’s New Flagship SUV
New Zeekr 9X bows as Geely-owned brand’s new flagship SUV, will pack “Super Electric Hybrid” powertrain tech too.
23-04-2025
Zeekr 009 Grand Gains Collector’s Edition Special Featuring Real Gold Trims
Zeekr 009 Grand Collector’s Edition sees uber-luxe EV MPV gain real gold trims plus alpaca wool carpets.
22-04-2025
Zeekr 007 GT Debuts in China as Brand’s Most Potent EV Wagon
The all-new Zeekr 007 GT breaks cover in China as the brand’s most potent EV wagon, featuring up to 637 HP.
16-04-2025
Zeekr 9X Grand Revealed in China as Brand’s Flagship SUV
Zeekr has finally revealed its first flagship SUV model in China, known as the Zeekr 9X Grand.
10-03-2025
Zeekr 7X EV SUV Set to Debut in Malaysia in Q3 2025
Zeekr Malaysia has confirmed that the Zeekr 7X midsize EV SUV will be making its local debut later in Q3 this year.
17-02-2025
Zeekr Completes Merger with Lynk & Co – Now Known as Zeekr Group
Zeekr has completed its merger with sister brand Lynk & Co to form Zeekr Group.
16-02-2025
Zeekr 007 GT Official Images Unveil A Sleek EV GT Wagon
The first official images of the Zeekr 007 GT have been unveiled, featuring a sleek EV GT wagon bodystyle.
21-01-2025
Latest News
Renault Group Appoints CFO Duncan Minto As Interim CEO
Renault Group names CFO Duncan Minto as interim CEO, search for de Meo’s successor continues.
16-07-2025
Geely Set to Take Zeekr Private Ahead of Finalised Merger
Geely Automobile has officially signed a merger agreement with Zeekr to take the brand private from the group.
16-07-2025
Nissan Set To Close Historic Oppama Plant As Part Of Restructuring Bid
Nissan forced to shutter historic Oppama plant by 2028 as part of its Re:Nissan restructuring pan.
16-07-2025
Mystery New Toyota Sports Coupe And Racecar Twin Bows At Goodwood FOS
Toyota debuts new sports coupe and its racecar twin, albeit under heavy camouflage, at Goodwood FOS.
14-07-2025
Lamborghini Temerario GT3 Bows In But Ditches The PHEV Setup
Lamborghini has unveiled the GT3 racecar version of its latest V8 PHEV supercar, the Lamborghini Temerario.
14-07-2025
Maserati MC20 Gets Rebooted As the MCPura
The Maserati MC20 midship sportscar has been tweaked and rebadged as the MCPura.
12-07-2025
V8 Engines Could Return to F1 as Early as 2029 – Report
V8 engines might make a comeback into F1, as the FIA president hinted the return could happen as early as 2029.
12-07-2025
New Third-Gen Mazda CX-5 Revealed
All-new third-gen Mazda CX-5 revealed as a bigger, bolder and more practical SUV than before.
10-07-2025
Show More
trending_flat