Asger Risom
Chinese auto giant Geely has acquired full ownership of its electric vehicle brand Zeekr in a $6.8 billion deal. The move takes Zeekr private again, just a year after its IPO on the New York Stock Exchange.
Chinese auto giant Geely has acquired full ownership of its electric vehicle brand Zeekr in a $6.8 billion deal. The move takes Zeekr private again, just a year after its IPO on the New York Stock Exchange.
Zeekr Delisted from New York
The acquisition ends Zeekr’s brief stint as a publicly traded company. Geely, which already owned 62.8% of the brand, purchased the remaining shares to consolidate control.
Shareholders Given Two Options
Investors were offered either $2.687 per share or 1.23 shares in Geely Auto. The offer was raised during negotiations, bringing the final deal value to $6.8 billion.
Zeekr Returns to Private Ownership
By taking Zeekr private, Geely gains greater flexibility in shaping the EV maker’s future without the pressure of public markets. The move reflects broader strategic ambitions.
European Expansion in Focus
With full control, Geely is expected to accelerate Zeekr’s push into Europe. The brand already operates in Denmark, Sweden, Norway, and the Netherlands.
Zeekr Expands Models to Northern Europe
In Denmark, Zeekr offers the Zeekr X and Zeekr 001. Swedish customers can also purchase the larger MPV, the Zeekr 009, as the brand builds its regional portfolio.
Lynk & Co Also Under Zeekr
The Zeekr umbrella includes Lynk & Co, which shares platforms with Volvo models. This strengthens Geely’s cross-brand tech strategy across global markets.
Part of a Bigger Strategy
The acquisition is part of Geely’s broader plan to dominate the EV space. Owning Zeekr outright enables tighter coordination and synergies with brands like Volvo and Polestar.
