Core Viewpoint - Geely Auto has proposed a non-binding offer to privatize Zeekr, suggesting a purchase price of $2.57 per share or $25.66 per American Depositary Share, aiming to focus on its core automotive business and enhance operational efficiency [1][2][3] Group 1: Privatization Proposal - Geely Auto announced its intention to privatize Zeekr, which has been listed on the NYSE for only one year, to concentrate on its main automotive business [1][2] - The proposed privatization is part of Geely's strategy to integrate resources, reduce costs, and improve competitiveness in the electric vehicle sector [3] Group 2: Zeekr's Financial Performance - Zeekr completed a Pre-A round financing of $500 million and an A round financing of $750 million, with valuations rising from $9 billion to $13 billion [2] - In 2024, Zeekr reported total revenue of 75.913 billion RMB ($10.4 billion), a year-on-year increase of 46.9%, with a net loss of 5.791 billion RMB, reduced by 29.9% year-on-year [2] Group 3: Strategic Focus and Brand Positioning - Geely aims to enhance brand synergy and maintain distinct positioning for its various brands, including Zeekr as a luxury tech brand and Lynk & Co as a high-end new energy brand [3] - The privatization aligns with Geely's "Taizhou Declaration" to improve resource utilization and strengthen its global competitiveness in the smart electric vehicle market [3] Group 4: Recent Transactions - Geely has also sold stakes in its subsidiary, Geely Xinwanda, to further focus on its automotive business, with the total transaction value amounting to approximately 84.3 million RMB [4]