Core Viewpoint - Geely Auto plans to privatize Zeekr by acquiring all outstanding shares at a premium, aiming for a complete merger and delisting of Zeekr [2]. Group 1: Privatization and Acquisition - Geely submitted a non-binding offer to privatize Zeekr at $2.57 per share or $25.66 per ADS, representing a 13.6% premium over the last trading day [2]. - Geely holds approximately 65.7% of Zeekr's total issued share capital, and if the privatization is completed, Zeekr will be delisted and fully merged with Geely [2]. - Funding for the privatization will come from new share issuance, cash reserves, and debt financing [2]. Group 2: Strategic Integration and Growth Plans - Geely's chairman Li Shufu emphasized the need for strategic integration and innovation to enhance profitability and long-term value creation in the competitive automotive market [3]. - In November 2024, Geely announced an increase in its stake in Zeekr to about 62.8%, aiming to strengthen strategic support for Zeekr [3]. - The acquisition of Lynk & Co by Zeekr was completed in February 2025, with Zeekr holding 51% and Geely 49%, establishing the Zeekr Technology Group [4]. Group 3: Sales and Revenue Targets - In 2024, Zeekr Technology Group achieved total revenue of 113.89 billion yuan, with sales exceeding 500,000 vehicles, including 222,100 from Zeekr and 285,000 from Lynk & Co [4]. - The group aims for a 40% growth rate in 2025, targeting annual sales of 710,000 vehicles, with Lynk & Co aiming for 390,000 and Zeekr for 320,000 [4]. - The long-term goal is to become a million-unit annual sales high-end luxury electric vehicle group by 2026 [4].
吉利汽车拟溢价13.6%私有化极氪：持续推动汽车业务整合，回归一个「吉利」