Core Viewpoint - Geely Automobile is proposing to privatize Zeekr, which has been listed in the US for less than a year, by offering $2.566 per share, representing a premium of approximately 13.6% over the last trading price [2][3] Group 1: Privatization Proposal - Geely submitted a non-binding proposal to privatize Zeekr, suggesting a purchase price of $2.566 per share or $25.66 per American Depositary Share [2] - The proposed price represents a 13.6% premium over the last trading day’s closing price and a 20% premium over the volume-weighted average price over the last 30 trading days [2] - Geely currently holds approximately 65.7% of Zeekr's issued share capital [2] Group 2: Market Reaction - Following the announcement, Zeekr's stock price surged by 11.51% on May 7, closing at $25.19 per share, nearing Geely's proposed purchase price [2] - The trading volume for Zeekr's stock increased significantly, with a transaction value of $125 million, more than ten times the previous day's volume [2] Group 3: Strategic Integration - Geely aims to create a unified listing platform to integrate Zeekr's assets and resources, enhancing the competitiveness of its passenger vehicle business [3] - This move aligns with Geely's strategic shift from expansion to focus, as announced in the "Taizhou Declaration" on September 1, 2024 [3] Group 4: Zeekr's Performance - Zeekr, which was spun off from Lynk & Co, achieved a rapid IPO in the US market, listing on May 10, 2024 [3] - In the first four months of this year, Zeekr's total sales reached 155,300 units, with Lynk & Co contributing 100,200 units, reflecting a 26% year-on-year growth, while Zeekr's brand sales grew by only 12% [3] - Zeekr's 2025 sales target is set at 710,000 units, with current completion rates at 21.87% overall, 25.64% for Lynk & Co, and 17.22% for Zeekr [4] Group 5: Financial Performance - Zeekr reported a revenue of 75.913 billion yuan for 2024, a 46.9% increase year-on-year, but incurred a net loss of 5.791 billion yuan, although the loss has narrowed compared to the previous year [4]