Geely Holding Group Announces Restructuring Plans for ZEEKR and Lynk & Co
Geely Holding Group recently made a significant announcement regarding its equity stakes in ZEEKR and Lynk & Co. The restructuring plans aim to optimize shareholder relations, reduce internal competition, streamline resources, and facilitate deeper integration across its brands. This strategic move aligns with the goals outlined in the “Tāizhōu Declaration,” marking the beginning of a new strategic transformation phase for Geely Holding.
As part of the restructuring, Geely Holding will transfer its 11.3% stake in ZEEKR Intelligent Technology Holding Limited to its listed subsidiary, Geely Automobile Holdings Limited. This transfer will increase Geely Automobile’s total ownership in ZEEKR to approximately 62.8%. Additionally, the equity structure of Lynk & Co has been realigned to enable strategic collaboration between Lynk & Co and ZEEKR. ZEEKR will now hold a 51% controlling stake in Lynk & Co, with the remaining 49% retained by a wholly-owned subsidiary of Geely Automobile.
Chairman of Geely Holding, Li Shufu, emphasized that this strategic consolidation is a key measure of the “Tāizhōu Declaration.” The restructuring aims to enhance brand synergy, innovation capabilities, and sustainable growth. By strengthening each brand’s competitive positioning, Geely Holding aims to deliver greater value for both customers and investors in a rapidly evolving market.
This restructuring announcement signifies a pivotal moment for Geely Holding as it embarks on a new phase of strategic transformation. The optimized shareholder relations and streamlined resources are expected to drive greater efficiency and collaboration across Geely Holding’s brands. With a focus on enhancing brand synergy and innovation capabilities, Geely Holding is poised to achieve sustainable growth and deliver value to its stakeholders.
Overall, the restructuring plans for ZEEKR and Lynk & Co reflect Geely Holding’s commitment to driving innovation, growth, and success in the automotive industry. As the company continues to evolve and adapt to changing market dynamics, these strategic initiatives position Geely Holding for continued success and leadership in the industry.
