Core Viewpoint - Geely Automobile has made significant progress in the privatization of Zeekr, marking the final stage of its "One Geely" strategy, with the merger expected to be completed by December 29 [5][11]. Summary by Sections Privatization Details - Approximately 70.8% of eligible Zeekr shareholders chose stock compensation, while about 29.2% opted for cash compensation [7]. - Geely will issue approximately 777 million shares to shareholders choosing stock, granting them equal rights including dividends and voting [7]. - 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 [8]. Strategic Implications - The completion of the merger will allow Geely to 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 [11][12]. - Zeekr is positioned as a global luxury tech brand, while Lynk & Co targets the global high-end new energy market, and Geely Galaxy and China Star focus on mainstream branding [12]. Financial Performance - In the first three quarters of 2025, Geely achieved 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% [13]. - As of September 2025, Geely's total cash level reached 60.1 billion yuan, with a net cash level of 45.2 billion yuan [13].
极氪私有化，定了！