#China #Hangzhou #Geely #Merger #Zeekr Group

Zeekr Group's Merger with Geely: A New Era for Electric Vehicles

On December 22, 2025, ZEEKR Intelligent Technology Holding Limited, commonly known as Zeekr Group, announced the successful completion of its merger with Keystone Mergersub Limited—an indirect subsidiary of Geely Automobile Holdings. This merger is poised to significantly reshape the landscape of the premium new energy vehicle sector and elevate Zeekr Group’s presence on the global stage.

The merger was formalized based on an Agreement and Plan of Merger signed on July 15, 2025, and received approval from shareholders during an extraordinary general meeting held on September 15, 2025. Following this transaction, Zeekr Group is now officially a wholly-owned subsidiary of Geely and has ceased to be publicly traded on the New York Stock Exchange (NYSE).

Upon completion of the merger, shareholders of Zeekr were given the option to exchange their shares for either cash or newly issued shares of Geely. The terms stated that each ordinary share of Zeekr would be canceled in return for $2.687 in cash or 1.23 shares of Geely. The American depositary shares, which represented multiple Zeekr shares, were similarly adjusted, offering $26.87 in cash or 12.3 Geely shares in exchange.

The impact of this merger is expected to be formidable, considering Zeekr Group’s reputation in the new energy vehicle market coupled with Geely's extensive automotive network. As a leading player, Zeekr Group aims to create a fully integrated user ecosystem that emphasizes innovation and sustainability. Both companies are committed to developing cutting-edge electric vehicles and improving their production and technology capabilities.

As a result of this merger, trading of Zeekr’s ADSs has been suspended on the NYSE, with the company actively pursuing the delisting process. This decision reflects the strategic shift as Zeekr focuses on long-term growth and technological advancements under Geely’s umbrella. The next steps will involve deregistration of the company’s registered securities and the suspension of certain reporting obligations in compliance with the Securities Exchange Act.

Kroll, LLC, a financial advisory firm, and esteemed legal representatives are guiding both companies through this transition. The strategic alignment is set to enhance resource-sharing and research capabilities, positioning the merged entity as a formidable competitor in the burgeoning global electric vehicle market.

In terms of brand identity, Zeekr Group maintains its commitment to equality, diversity, and sustainability, setting a precedent in the new energy mobility sector. The intention is to harness Geely’s resources to accelerate development timelines and introduce innovative electric vehicle technologies that meet growing consumer demands.

As the automotive industry pivots towards sustainability, this merger signifies a significant step in Zeekr's strategy to expand its reach and impact in the global market for electric vehicles. The enthralling journey of Zeekr Group, now empowered by Geely, signals an exciting future for eco-friendly transportation. The integrated capabilities of both organizations are poised to foster a new era of advancements in clean mobility solutions for consumers worldwide.

For further information about Zeekr Group's mission and future plans, you can visit their official website. This merger is indeed just the beginning of Zeekr's ambitions to become a premier player in the new energy vehicle arena, aiming to set new benchmarks for innovation in the industry.

Conclusion

The completion of the merger between Zeekr Group and Geely marks a pivotal moment in the electric vehicle industry. By combining their strengths and resources, both entities aim to transform the way electric vehicles are developed and marketed, ensuring a greener future for all. The road ahead looks promising, and the automotive world eagerly awaits the innovations that will emerge from this powerful collaboration.