Core Viewpoint - Geely Auto is progressing towards the legal merger with Zeekr, with the completion of the acquisition expected by the end of the year, following shareholder approvals [1][2] Group 1: Merger Details - Geely Auto will acquire the remaining 34.3% of Zeekr shares at a price of $2.687 per share, which could cost Geely up to $2.4 billion [1] - Most Zeekr investors are opting for stock exchange rather than cash, indicating confidence in the merged entity [1] - After the merger, Zeekr will become a wholly-owned subsidiary of Geely and will delist from the NYSE [1] Group 2: Strategic Integration - The merger aligns with Geely's "One Geely" strategy aimed at enhancing scale and reducing costs during industry consolidation [2] - Zeekr's independent R&D departments are being integrated into Geely's central research institute, with previous teams already merged [2] - The integration is expected to lead to significant cost savings in R&D and procurement, potentially saving billions annually [5] Group 3: Performance and Market Position - Zeekr's sales have stagnated, with a 3% year-on-year increase in the first half of the year, while the overall EV market grew by 33.3% [5] - Geely's total sales reached 1.409 million units in the first half of the year, a 47% increase, with a market share surpassing 10% [6] - Geely has adjusted its annual sales target upwards by 11% to 3 million units, indicating strong market performance [6]