极氪上市不到一年，吉利好像就后悔了？

Core Viewpoint - Geely has announced the privatization of Zeekr, its electric vehicle brand, just under a year after its IPO on the New York Stock Exchange, aiming to enhance operational flexibility and resource integration in response to market challenges [3][4][10]. Group 1: Privatization Announcement - Geely submitted a non-binding proposal to acquire all outstanding shares of Zeekr at a price of $2.566 per share or $25.66 per American Depositary Share [3][4]. - Geely currently holds approximately 65.7% of Zeekr's shares, and if the privatization is completed, Zeekr will become a wholly-owned subsidiary of Geely [4][10]. Group 2: Strategic Rationale - The chairman of Geely, Li Shufu, stated that the privatization is a response to "intense market competition and increasingly complex economic conditions," aiming to integrate automotive operations and enhance innovation and profitability [6][10]. - Analysts suggest that this move aligns with Geely's "Taizhou Declaration," which emphasizes strategic focus, resource integration, and operational efficiency [9][10]. Group 3: Market Context - Zeekr's sales for 2024 have surpassed 220,000 units, with annual revenue exceeding 80 billion yuan, representing a significant portion of Geely's total revenue from new energy vehicles [10][11]. - The privatization will allow Zeekr's financial data to be consolidated into Geely's financial statements, enhancing Geely's narrative in the electric and intelligent vehicle sector [11][12]. Group 4: Challenges in the U.S. Market - The U.S. market environment has become increasingly challenging for Chinese companies, with the Foreign Companies Accountability Act posing risks of delisting for firms that fail to meet audit requirements [14][15]. - Zeekr's stock performance has been underwhelming, with its market capitalization declining significantly since its IPO, prompting Geely to consider a strategic exit from the U.S. market [16][17]. Group 5: Future Implications - The privatization of Zeekr is seen as a critical step in Geely's broader strategy to streamline operations and enhance competitiveness in the rapidly evolving automotive landscape [12][18]. - There is a prevailing sentiment that Zeekr's return to private ownership will facilitate better resource allocation and operational agility, crucial for navigating the current market dynamics [17][18].