Geely to reorganise Zeekr, Lynk units

Geely to reorganise Zeekr, Lynk units as founder, investors extract US$2 billion
Li Shufu, the billionaire who controls one of China’s biggest electric vehicle (EV) makers, is consolidating his business under his Hong Kong-listed flagship Geely Auto. He and his associates will extract more than US$2 billion by selling their stakes in the process.
In major Geely shake-up, EV brand Zeekr to take control of Lynk
China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a planned overhaul for the sprawling automotive group.
Geely’s Zeekr to take control of Lynk & Co
In a major restructuring move, Chinese automotive giant Geely Holding is set to transfer control of its Lynk & Co brand to premium electric vehicle maker Zeekr. This strategic decision is part of Geely’s broader plan to streamline operations and reduce costs across its diverse portfolio of nine automotive brands.
Geely Shares Fall Sharply on Zeekr's Plans to Take Majority Stake in Lynk & Co
Geely Automobile's Hong Kong-listed shares fell sharply after it disclosed subsidiary Zeekr plans to take control of Lynk & Co, raising investor concerns over the impact of the deal. Shares of Geely fell 6.5% to 13.00 Hong Kong dollars, equivalent to US$1.67. The benchmark Hang Seng Index was last up 0.65%.
Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say
HONG KONG/SHANGHAI (Reuters) -Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said.
Geely to Integrate Zeekr, Lynk&Co Brands to Streamline Costs
Zhejiang Geely Holding Group Co. plans to integrate its premium electric vehicle brand Zeekr with its smart car marque Lynk & Co. in a restructuring aimed at eliminating duplication and saving costs,
Zeekr ADRs Tumble Following Plan to Take Majority Stake in Lynk & Co
American depositary receipts of Geely Automobile subsidiary Zeekr Intelligent Technology fell after the Chinese electric-vehicle manufacturer said it plans to acquire a 50% stake in Lynk & Co from its parent and Volvo Car.
Chinese EV reset: ZEEKR to take control of Lynk as it looks to be a major player
China's Geely said electric vehicle maker ZEEKR Intelligent Technology (NYSE:ZK) plans to take control of Lynk & Co as the first big restructuring move in a major reset of the holding company's automotive group.
ZEEKR Intelligent is defended by analysts after earnings drop
ZEEKR Intelligent Technology (NYSE:ZK) is being sized up by analysts after announcing its intention to acquire a 51% stake in ...
Zeekr announces strategic integration transactions with Geely
Zeekr (ZK) announced its entry into strategic integration transactions with certain Geely entities, including Zhejiang Geely, a PRC limited ...
TechNode2h
China’s Zeekr and Lynk & Co chase 1 million annual sales target after merger
Geely-controlled car brands Zeekr and Lynk & Co are aiming to double annual sales from this year’s levels to 1 million units ...
electrive2h
Zeekr delivers first EVs in Norway
The Geely brand Zeekr is now active in three European countries. The first Zeekr 001 was delivered in Norway in November. It ...
Geely’s ZEEKR Sees Strong Growth in Q3 2024
Geely Automobile Holdings (HK:0175) has released an update. ZEEKR Intelligent Technology Holding Limited, a subsidiary of Geely Automobile ...
GlobalData on MSN22h
Geely moves to further integrate its automotive brands
"Geely moves to further integrate its automotive brands" was originally created and published by Just Auto, a GlobalData ...
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Zeekr back-pedals as EV-only brand as it plans to debut first hybrid model at next year’s Auto Shanghai
While Zeekr might call itself a “pure electric vehicle brand” (go look at its official website, a report by CarNewsChina ...
Zeekr price target raised to $38 from $31 at Macquarie
Macquarie analyst Eugene Hsiao raised the firm’s price target on Zeekr (ZK) to $38 from $31 and keeps an Outperform rating on the shares ...