Core Viewpoint - Geely Holding Group announced the signing of a merger agreement between Geely Automobile Holdings and Zeekr Intelligent Technology, with Geely acquiring all outstanding shares of Zeekr, allowing shareholders to choose cash or Geely shares as compensation [2][3]. Group 1: Merger Details - The merger will involve Geely acquiring all issued and outstanding shares of Zeekr and its American Depositary Shares, leading to Zeekr's privatization and delisting from the New York Stock Exchange [2]. - Zeekr was listed on the NYSE in May last year, opening at $26 per share, a 23.8% increase from its IPO price of $21, and closing its first trading day at $28.26, a 34.57% gain [2]. Group 2: Strategic Intent - Geely's move to privatize Zeekr aligns with its strategic focus on resource integration and cost reduction, aiming to enhance competitiveness and long-term value [3][4]. - The merger is part of Geely's broader strategic transformation initiated with the "Taizhou Declaration," which emphasizes strategic focus, integration, and collaboration among its brands [3][4]. Group 3: Benefits of the Merger - The merger is expected to enhance Geely's strategic execution efficiency, innovation capability, and profitability, creating greater value for shareholders [4]. - Zeekr's advanced technologies, such as ultra-fast charging and 800V systems, will be integrated into Geely's offerings, boosting its electric vehicle competitiveness [5]. - The combined entity will cover various powertrain forms, including fuel, pure electric, plug-in hybrid, and hydrogen electric, positioning Geely across mainstream, mid-to-high-end, and luxury automotive markets [5].