news flash·2025-07-15 10:17Core Viewpoint - Geely Holding Group announced the formal signing of a merger agreement between Geely Auto and Zeekr Technology, with Geely Auto set to acquire all Zeekr shares not already held, allowing Zeekr shareholders to choose cash or Geely Auto shares as compensation [1] Group 1: Merger Details - Geely Auto will acquire all outstanding shares of Zeekr, excluding those already owned by Geely [1] - Zeekr shareholders have the option to receive either cash or Geely Auto shares as payment for their shares [1] Group 2: Strategic Implications - The merger is part of Geely Holding's strategic transformation, as outlined in the "Taizhou Declaration" released last year [1] - The strategic integration is expected to significantly impact the collaborative development of various brands, innovation capabilities, profitability, and sustainable development potential [1] - This move aims to further promote high-quality development for Geely Holding Group and create greater value for users and investors [1] Group 3: Previous Proposals - On May 7, Geely announced a non-binding offer to privatize Zeekr, proposing to acquire all issued and outstanding Zeekr shares and American Depositary Shares at a price of $25.66 per share [1] - Following this proposal, Zeekr stated that no decision had been made regarding Geely's privatization offer [1]