Core Viewpoint - Geely Auto Holdings plans to acquire all issued shares of Zeekr Intelligent Technology, leading to Zeekr's privatization and delisting from the NYSE within a year of its IPO [2][6][19]. Group 1: Company Actions and Market Reactions - Following the announcement, Zeekr's stock surged over 11% in pre-market trading, closing with an 11.51% increase on May 7, while Geely's stock rose by 4.17% [2]. - The decision to privatize Zeekr is seen as a significant move for Geely, reflecting a strategic focus on the automotive core business and resource efficiency [5][8]. Group 2: Strategic Context - The privatization aligns with the "Taizhou Declaration," which emphasizes strategic focus, integration, and collaboration within Geely's automotive operations [6][8]. - The timeline of events shows a series of strategic maneuvers, including the initial public offering of Zeekr in May 2024 and subsequent restructuring efforts to optimize the ownership structure of Zeekr and Lynk & Co [8][9]. Group 3: Financial Performance and Challenges - Since its establishment, Zeekr has faced significant financial losses, with net losses reported at 4.514 billion, 7.655 billion, 8.264 billion, and 5.79 billion yuan from 2021 to 2024 [23]. - Despite a 25% year-on-year increase in sales in Q1 2025, Zeekr's performance remains below expectations, achieving only 17.2% of its annual sales target in the first four months of the year [24][26]. Group 4: Future Leadership and Structure - The privatization raises questions about future leadership within Geely, particularly regarding who will steer the newly integrated automotive group post-privatization [33][34]. - The integration of Zeekr into Geely is expected to enhance operational efficiency and cost optimization across various brands under the Geely umbrella [31].

吉利汽车朝着"回归一个吉利"的方向疾驰。 5月7日，吉利汽车宣布，公司于2025年5月7日向极氪提交非约束性报价函，建议私有化极氪，收购所有已发行及发行在外的极氪股份及美国存托股票（集团 实益拥有者除外）。上述交易完成后，极氪将成为吉利汽车的全资附属公司，实现私有化并于纽交所退市。 据了解，本次收购是吉利汽车《台州宣言》的深化落地。浙江吉利控股集团有限公司（以下简称"吉利控股"）董事长李书福表示："我们仍将保持与美国和国 际资本市场的密切沟通与合作。"5月7日美股盘前极氪一度涨超10%。 吉利推动汽车业务整合 据了解，极氪是吉利控股在2021年3月成立的高端新能源品牌，目前吉利汽车持有极氪已发行及发行在外股本总额约65.7%。2025年4月，极氪科技集团整体 销量达4.13万辆，同比增长18.7%，其中极氪品牌销量为1.37万辆。 据公告，本次吉利汽车建议以每股极氪股份2.57美元或每股美国存托股票25.66美元的价格收购极氪股份和美国存托股票，较最后交易日美国存托股票于纽交 所的收市交易价溢价约13.6%。 这次收购，是吉利汽车推进战略整合的关键一步。此前在2024年11月14日，吉利控股宣布，向吉利汽车转 ...

Core Viewpoint - Geely Automobile Holdings Limited plans to acquire all issued shares of Zeekr Intelligent Technology Co., Ltd, aiming for a complete merger, enhancing its position in the smart electric vehicle sector [1] Group 1: Acquisition Details - Geely currently holds approximately 65.7% of Zeekr's shares, and upon completion of the transaction, Zeekr will be fully integrated into Geely [1] - As part of the strategic framework of the "Taizhou Declaration," Geely announced an optimization of the equity structure of Zeekr and Lynk & Co, involving a 9 billion yuan acquisition of 50% equity in Lynk & Co and a 367 million yuan subscription for additional registered capital [3] - After the completion of the transaction, Zeekr will own 51% of Lynk & Co, while Geely will retain 49%, making Lynk & Co a non-wholly-owned subsidiary of Zeekr [3] Group 2: Strategic Implications - The acquisition is a significant step to implement the "Taizhou Declaration," focusing on the automotive core business, improving resource utilization efficiency, and deepening brand synergy [3] - Geely aims to enhance its global competitiveness in the smart electric vehicle sector through this integration, promoting internal resource consolidation and cost reduction [3][4] - The brands under Geely, including Zeekr as a global luxury tech brand and Lynk & Co as a high-end new energy brand, will seek collaborative development across various aspects such as technology, product, supply chain, and international market expansion [3] Group 3: Leadership Statements - Geely's chairman, Li Shufu, emphasized the need to adapt to market competition and complex economic conditions, focusing on integrating automotive business and enhancing innovation and profitability [4] - The company will maintain close communication and cooperation with the U.S. and international capital markets [4] - Geely will hold a Q1 2025 earnings release conference on May 15 to provide further updates on its business developments [4]