SEA (Sustainable Experience Architecture) platform
Search documents
Geely Auto Completes ZEEKR Privatization, Accelerating Its Shift Toward Premium and Intelligent Mobility
Pandaily· 2025-12-23 08:24
Core Insights - Geely Automobile Holdings Limited has completed the privatization and merger of ZEEKR Intelligent Technology Holding Limited, marking a new phase in Geely's "One Geely" strategy with ZEEKR becoming a wholly owned subsidiary and delisted from the New York Stock Exchange [1] Group 1: Financial Performance - Geely Auto achieved cumulative vehicle sales of 2.788 million units from January to November 2025, reaching 93% of its full-year target of 3 million units [2] - Revenue for the first three quarters reached $34.04 billion, reflecting a 26% year-on-year increase, while core net profit attributable to shareholders surged 59% to $1.51 billion [2] - Cost efficiency improved with management, R&D, and sales expense ratios declining to 1.8%, 6.1%, and 5.7% respectively [2] Group 2: ZEEKR Brand Positioning - ZEEKR is positioned as a premium intelligent EV brand with an average selling price of nearly $42,600 per vehicle [3] - The brand will operate independently post-integration while leveraging Geely's resources and supply chain [3] - Models like ZEEKR 009, ZEEKR 9X, and Lynk & Co 900 have increased Lynk & Co's weighted average selling price to over $28,400, enhancing Geely's overall product mix [3] Group 3: Technological Advancements - ZEEKR's SEA (Sustainable Experience Architecture) platform and advanced intelligent driving system will be integrated with Geely's R&D ecosystem, strengthening the group's capabilities in smart mobility and next-generation automotive technologies [4]