Core Viewpoint - The acquisition of Zeekr by Geely is a strategic move to consolidate resources and enhance operational efficiency, while also addressing Zeekr's financial struggles and facilitating its return to the Geely ecosystem [2][4][6]. Group 1: Acquisition Details - Geely plans to acquire all issued shares of Zeekr at a suggested purchase price of $2.57 per share or $25.66 per American Depositary Share [1]. - Geely currently holds approximately 65.7% of Zeekr's shares, and upon completion of the transaction, Zeekr will become a wholly-owned subsidiary of Geely, leading to its privatization and delisting from the New York Stock Exchange [1]. Group 2: Strategic Importance - The acquisition is part of Geely's "One Geely" strategy, aimed at focusing on the automotive core business, improving resource utilization, and enhancing brand synergy [2][4]. - Since the announcement of the "Taizhou Declaration," Geely has undertaken several business integration adjustments, including a recent restructuring of equity between Zeekr and Lynk & Co [4]. Group 3: Financial Context - Zeekr has been facing significant financial losses, with cumulative net losses reaching 26.22 billion yuan from 2021 to 2024 [7]. - The company's market valuation dropped nearly 60% from its pre-IPO valuation of $13 billion to $5.2 billion at the time of its IPO, limiting its ability to raise sufficient capital [7]. - The decision for Geely to privatize Zeekr is seen as a quicker solution to provide necessary financial support for Zeekr to remain competitive in the market [6][8]. Group 4: Future Plans - Under the dual-brand strategy of "Zeekr + Lynk & Co," Zeekr plans to launch three new models in 2024 and aims to sell 710,000 vehicles this year [8]. - The expansion into overseas markets is also a priority, with plans to establish over 200 stores internationally [8].

Core Viewpoint - Geely Auto plans to acquire all issued shares of Zeekr, aiming for complete integration and privatization of Zeekr, which will lead to its delisting from the New York Stock Exchange [1][2]. Group 1: Strategic Integration - The acquisition of Zeekr is part of Geely's strategic integration efforts to enhance resource utilization and brand synergy, as outlined in the "Taizhou Declaration" [3]. - Geely has already made several business adjustments since the declaration, including restructuring the equity of Zeekr and Lynk & Co, with Zeekr investing 9 billion yuan to acquire 50% of Lynk & Co [3]. - The integration aims to reduce R&D costs by 10%-20% and supply chain costs by 5%-8%, while improving capacity utilization by 3%-5% [3]. Group 2: Financial Challenges - Zeekr has been facing significant financial losses, with cumulative net losses reaching 26.22 billion yuan from 2021 to 2024 [5]. - The company's market valuation dropped nearly 60% from its pre-IPO valuation of 13 billion USD to 5.2 billion USD at the time of IPO, limiting its ability to raise sufficient funds [5]. - The decision for Geely to privatize Zeekr is seen as a necessary move to provide financial support and enable Zeekr to compete effectively in the market [4][6]. Group 3: Product and Market Expansion - Under the dual-brand strategy of "Zeekr + Lynk & Co," both brands plan to launch new models and expand their presence in overseas markets [6]. - Zeekr aims to sell 710,000 vehicles this year, necessitating significant investment and support from Geely to achieve this target amidst ongoing financial difficulties [6].