Geely’s Zeekr Completes Acquisition and Investment in Lynk & Co, Forms Zeekr Technology Group
On February 14th, Geely achieved a significant milestone in its electric vehicle (EV) ambitions. Zeekr (ZK.US) and Geely Automobile (0175.HK) announced the successful completion of Zeekr’s acquisition and investment in Lynk & Co.
Key Highlights:
Ownership Structure: Following the transaction, Zeekr now holds a 51% stake in Lynk & Co, while Geely Automobile retains the remaining 49%. Lynk & Co will operate as a non-wholly owned subsidiary of Zeekr.
Zeekr Technology Group: The completion of this equity transfer also marks the official establishment of Zeekr Technology Group. This new entity will oversee both the Zeekr and Lynk & Co brands.
Ambitious Sales Targets: Zeekr Technology Group has set a bold sales target of 710,000 vehicles for 2025. This includes 320,000 units for the Zeekr brand and 390,000 units for Lynk & Co.
New Product Lineup: To achieve these goals, the group plans to launch 5 brand-new models in 2025:
Zeekr: 3 new models, including the Zeekr 007 GT, a full-size flagship SUV, and a large luxury SUV.
Lynk & Co: 2 new models, including the Lynk & Co 900 and Lynk & Co’s first flagship large six-seater SUV.
Strategic Implications:
This strategic move consolidates Geely’s EV resources under one umbrella, creating a stronger entity to compete in the rapidly growing electric vehicle market. By integrating the strengths of both Zeekr and Lynk & Co, Geely aims to accelerate its electrification strategy and achieve significant sales growth in the coming years.
With this acquisition and investment, Geely is positioning itself as a major player in the EV market, with a clear focus on innovation and sustainability. The formation of Zeekr Technology Group signals a new era for Geely’s electric vehicle ventures, paving the way for future growth and success in the industry.
