Geely Completes Zeekr Privatization and Delisting, Integrating R&D and Supply Chain Resources

[Corporate Integration] Geely Automobile has officially completed the privatization of Zeekr, which has since been delisted from the New York Stock Exchange.

⚡ Core Development: Zeekr Becomes Wholly-Owned Subsidiary of Geely

On December 22, 2025, Geely Automobile announced the completion of the privatization and merger transaction with Zeekr. The deal, valued at approximately USD 2.4 billion, took about 7 months to finalize, with over 70% of shareholders opting for share conversion instead of cash exit.

📊 Key Metrics: Significant Cost Optimization and Financial Impact

Post-merger, R&D costs are expected to decrease by 10%–20%, supply chain costs by 5%–8%, and marketing expenses by 10%–20%. Although Zeekr reported a net loss of RMB 5.79 billion in 2024, it maintains a healthy gross margin and average monthly sales nearing 20,000 units, supporting Geely’s ambition to achieve an annual sales target of 3 million vehicles.

🔍 Strategic Rationale: Accelerating the 'One Geely' Strategy

Zeekr previously faced persistently low valuations in the U.S. market and limited room for expansion. Reintegrating into Geely’s ecosystem will enhance resource consolidation and strategic synergy, strengthening Geely’s positioning in the mid-to-high-end electric vehicle segment.