Zeekr Group Secures Shareholder Support for Major Merger Deal

In a groundbreaking meeting held on September 15, 2025, ZEEKR Intelligent Technology Holding Limited, popularly known as Zeekr Group, announced that its shareholders overwhelmingly approved a significant merger proposal with Geely Automobile Holdings Limited (Geely). This decision marks a pivotal moment for the company, as it prepares to transition into a wholly-owned subsidiary of Geely, a major player in the automotive sector.

During a specially convened extraordinary general meeting, approximately 96.8% of Zeekr's total outstanding ordinary shares were represented, with shareholders casting their votes either in person or via proxy. This remarkable turnout underscores the collective confidence in the merger agreement initially announced on July 15, 2025. The merger is not just a routine business transaction; it represents the culmination of Zeekr's aspirations to establish itself as a leader in the premium new energy vehicle market.

The vote revealed a strong endorsement of the merger agreement, with 94.2% of votes cast in favor of the plan. This overwhelming approval signals robust shareholder support and sets in motion the necessary steps to finalize the merger.

Once completed, the merger will see Zeekr becoming a privately held entity, fully owned by Geely. This transition is aimed at enhancing operational efficiency and enabling Zeekr to leverage Geely's extensive resources, thereby accelerating its growth strategy in the global market. Following this shift, Zeekr's American Depositary Shares (ADS) will cease to be listed on the New York Stock Exchange, marking a significant change in its corporate structure.

Zeekr Group's Ambitions

Zeekr Group, headquartered in the Zhejiang province of China, has established itself at the forefront of innovation in the new energy vehicle sector. As a subsidiary of Geely Holding Group, it operates alongside its sister brand Lynk & Co, creating a unique synergy within the automotive marketplace. Zeekr aims to provide an integrated user ecosystem characterized by cutting-edge technology and sustainability.

The company has invested heavily in state-of-the-art manufacturing facilities and aims to develop its own proprietary software systems, electric powertrains, and a reliable supply chain for electric vehicles. Zeekr's vision revolves around promoting values of equality, diversity, and sustainability within the automotive industry. With these principles guiding its operations, the company is determined to offer a holistic new energy mobility solution.

Looking Ahead

Completion of the merger is contingent upon meeting several conditions outlined in the merger agreement. Both Zeekr Group and Geely are working diligently to fulfill these prerequisites, aiming for a swift completion. Upon finalization, Zeekr's ADS holders will no longer have access to their shares publicly on the exchange, emphasizing the company's shift towards a privatized operational model.

This merger not only strengthens Geely's investment in the electric vehicle market but also positions Zeekr to enhance its production capabilities and innovation in sustainable transportation. As the landscape of the automotive industry continues to evolve, Zeekr Group and Geely will be critical players in this transformation, aiming to redefine the future of mobility with their innovative approaches and advanced technology.

In conclusion, the approval of the merger agreement represents a significant milestone for Zeekr Group, setting the stage for its future endeavors in redefining new energy vehicle production and expanding its reach on a global scale. With the backing of Geely, Zeekr is poised to make substantial strides in the competitive landscape, showcasing its commitment to excellence and sustainability.