Geely to Acquire All Zeekr Shares, Delist NYSE

Geely Automobile Holdings has signed a definitive agreement to take its premium electric vehicle subsidiary, Zeekr, private by acquiring all outstanding shares it does not already own, valuing Zeekr at about $6.83 billion. Under the offer, Zeekr shareholders may choose to receive either $2.687 in cash per share or 1.23 Geely shares, while ADS holders can receive $26.87 per ADS or 12.3 Geely shares, both representing a 19% premium on Zeekr's pre-announcement price. The deal, approved unanimously by Geely's board, will result in Zeekr being delisted from the New York Stock Exchange and becoming a wholly owned Geely subsidiary. The merger is expected to close in the fourth quarter of 2025 and aims to streamline Geely's operations and increase R&D efficiency. Zeekr has reported over 25% year-on-year growth in vehicle deliveries, supporting the brand's prospects for further expansion. Geely intends to fund the transaction using internal resources and, if necessary, debt financing.