Core Viewpoint - Geely Automobile has made significant progress in the privatization transaction of Zeekr Intelligent Technology Holdings, marking an important step in the implementation of the "One Geely" strategy, with the merger expected to be completed by December 29 [1][5]. Group 1: Merger Details - Approximately 70.8% of eligible Zeekr shareholders chose stock compensation, while about 29.2% opted for cash compensation [2]. - Geely will issue approximately 777 million shares to shareholders choosing stock, granting them equal rights including dividends, voting rights, and capital returns [2]. - For those opting for cash, Geely will pay a total of approximately $701 million, with each Zeekr share convertible to $2.687 in cash or 1.23 shares of Geely stock [2]. Group 2: Strategic Implications - The merger aligns with Geely's "One Geely" strategy, which aims for comprehensive integration and optimization of its business segments, as outlined in the "Taizhou Declaration" [5]. - Following the privatization of Zeekr, Geely will cover mainstream, mid-to-high-end, and luxury segments, creating a diverse power system including fuel, pure electric, plug-in hybrid, and hydrogen electric vehicles [5]. - Geely aims to leverage Zeekr's position in the global luxury electric vehicle market, integrating its high-performance and intelligent features with Geely's established market presence [5]. Group 3: Financial Performance - For the first three quarters of 2025, Geely reported revenue of 239.5 billion yuan, a year-on-year increase of 26%, and a core net profit of 10.62 billion yuan, up 59% year-on-year [6]. - As of September 2025, Geely's total cash level reached 60.1 billion yuan, with a net cash level of 45.2 billion yuan [6].
极氪私有化，定了！