Geely Completes Acquisition of Zeekr Group, Taking Premium EV Maker Private

Geely Finalizes Zeekr Merger, Delisting ZK Stock

ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), a leading premium new energy vehicle group, announced on December 22, 2025, the successful completion of its merger with Keystone Mergersub Limited ("Merger Sub"). Merger Sub is an indirect wholly-owned subsidiary of Geely Automobile Holdings Limited ("Geely").

The completion of the transaction, which was executed pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated July 15, 2025, marks a significant consolidation in the global electric vehicle market. As a direct consequence of the merger, Zeekr Group has ceased to be a publicly traded company and has become a wholly-owned, privately held subsidiary of Geely.

Strategic Rationale and Transaction Details

The merger agreement, initially announced on July 15, 2025, outlined the terms under which Geely would acquire the remaining stake in Zeekr. This move is consistent with Geely's broader strategy to streamline its operations and strengthen its position in the high-growth premium EV segment. By taking Zeekr private, Geely gains greater control over the brand's development, technology integration, and capital allocation, potentially accelerating its competitive response against rivals in China and internationally.

“As a result of the Merger, the Company has become a wholly-owned subsidiary of Geely and has ceased to be a publicly traded company.”

The transaction involved Merger Sub, which was created specifically for the purpose of facilitating the acquisition. The finalization on December 22, 2025, concludes the process initiated earlier in the year, effectively removing the ZK ticker from the New York Stock Exchange (NYSE).

Market and Sector Implications

The delisting of Zeekr Group removes a key player from the publicly traded EV landscape, concentrating more of the sector's valuation under the umbrella of its parent company, Geely Automobile Holdings Limited. This consolidation is a common trend in the maturing EV industry, where established automotive giants are integrating successful new energy vehicle ventures to capture market share and achieve economies of scale.

For investors, the completion of the merger means that direct investment in Zeekr's growth trajectory must now be accessed through Geely's stock. The move is expected to simplify Geely’s corporate structure and enhance the synergy between Zeekr's premium technology and Geely's extensive manufacturing and distribution network.

Key Outcomes of the Merger:

• Zeekr Group (ZK) is now a privately held entity.
• The company operates as an indirect wholly-owned subsidiary of Geely Automobile Holdings Limited.
• The merger agreement was finalized on December 22, 2025, based on terms set on July 15, 2025.
• The transaction facilitates Geely’s strategic goal of expanding its footprint in the premium new energy vehicle market.

The successful execution of the merger underscores the ongoing strategic realignment within the automotive sector as companies pivot rapidly toward electrification. The integration of Zeekr’s premium brand and technology into Geely’s portfolio is anticipated to bolster the parent company’s competitive standing against both domestic Chinese EV startups and global legacy automakers.