Zeekr has officially completed its merger with Geely Auto, becoming a wholly owned subsidiary of Zhejiang Geely Holding Group and ceasing to trade as a publicly listed company. In connection with the deal, Zeekr requested that the New York Stock Exchange suspend trading of its American Depositary Shares, effective December 22, 2025. The company also asked the exchange to file the required Form 25 with the U.S. Securities and Exchange Commission, deregistering its ADS from public trading.
The transaction follows a broader restructuring effort by Geely Holding to streamline its portfolio, reduce overlap among brands and enhance operational synergies. In November 2024, Zeekr secured a 51 percent stake in its sister brand, Lynk & Co, through a series of transactions with Geely Auto and Volvo. On May 7, 2025, Geely Auto proposed taking Zeekr private—a move aimed at integrating resources, cutting duplicate investments and lowering costs to build long-term value.
On July 15, Geely Auto and Zeekr signed a definitive merger agreement under which Geely would acquire all outstanding Zeekr shares beyond its existing holdings. Shareholders were given the option to receive cash or participate in a share-swap arrangement for Geely stock.
Since its launch in March 2021, Zeekr has targeted the premium electric vehicle market amid China’s rapid shift toward electrification. The brand achieved initial success, but overlapping product lineups within the Geely group led to internal competition. Several models from Lynk & Co mirrored Zeekr vehicles, prompting Geely to consolidate under the “One Geely” strategy and implement its Taizhou Declaration, which emphasizes unified governance and resource sharing.
Geely Auto said the merger marks a fresh start for the automaker, setting the stage for increased investment in intelligent and electrified mobility. By leveraging economies of scale and strategic synergies, it aims to create sustainable, long-term value for shareholders while advancing its electric and smart vehicle ambitions.
Source: CnEVPost
