Geely to reorganise Zeekr, Lynk units

Geely to reorganise Zeekr, Lynk units as founder, investors extract US$2 billion
Li Shufu, the billionaire who controls one of China’s biggest electric vehicle (EV) makers, is consolidating his business under his Hong Kong-listed flagship Geely Auto. He and his associates will extract more than US$2 billion by selling their stakes in the process.
Geely’s Zeekr Will Take Over Lynk & Co To Chase BYD
There is some overlap between the two brands, and Geely wants to eliminate internal competition and overlap to improve sales.
Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say
HONG KONG/SHANGHAI (Reuters) -Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said. It's the first big restructuring move in a ...
Geely to Integrate Zeekr, Lynk&Co Brands to Streamline Costs
Zhejiang Geely Holding Group Co. plans to integrate its premium electric vehicle brand Zeekr with its smart car marque Lynk & Co. in a restructuring aimed at eliminating duplication and saving costs,
In major Geely shake-up, EV brand Zeekr to take control of Lynk
China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a planned overhaul for the sprawling automotive group.
Geely Shares Fall Sharply on Zeekr's Plans to Take Majority Stake in Lynk & Co
Geely Automobile's Hong Kong-listed shares fell sharply after it disclosed subsidiary Zeekr plans to take control of Lynk & Co, raising investor concerns over the impact of the deal. Shares of Geely fell 6.5% to 13.00 Hong Kong dollars, equivalent to US$1.67. The benchmark Hang Seng Index was last up 0.65%.
Zeekr to be merged with Lynk & Co – Geely’s EV brand to purchase controlling stake, lead car development
Geely is reportedly working to merge the Lynk & Co and Zeekr brands for a more focused approach towards the new energy vehicle market, according to sources cited by Economic Daily. The planned consolidation aims
Volvo To Sell Its Stake In Lynk & Co; Zeekr To Acquire Majority Stake
Volvo will sell its entire 30 per cent stake in the Chinese EV firm with fellow Geely subsidiary Zeeker to increase its share from 20 to 51 per cent.
Zeekr ADRs Tumble Following Plan to Take Majority Stake in Lynk & Co
American depositary receipts of Geely Automobile subsidiary Zeekr Intelligent Technology fell after the Chinese electric-vehicle manufacturer said it plans to acquire a 50% stake in Lynk & Co from its parent and Volvo Car. ADRs tumbled 26%, to $21.55 ...
Chinese EV reset: ZEEKR to take control of Lynk as it looks to be a major player
China's Geely said electric vehicle maker ZEEKR Intelligent Technology (NYSE:ZK) plans to take control of Lynk & Co as the first big restructuring move in a major reset of the holding company's automotive group.
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China’s Zeekr and Lynk & Co chase 1 million annual sales target after merger
Geely-controlled car brands Zeekr and Lynk & Co are aiming to double annual sales from this year’s levels to 1 million units ...
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Geely moves to further integrate its automotive brands
"Geely moves to further integrate its automotive brands" was originally created and published by Just Auto, a GlobalData ...
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Geely’s Strategic Acquisition Boosts Stake in Lynk & Co
Geely Automobile Holdings (HK:0175) has released an update. Geely Automobile Holdings is making strategic moves by acquiring significant stakes in Lynk & Co through its subsidiary Zhejiang ZEEKR, ...
ZEEKR Intelligent is defended by analysts after earnings drop
ZEEKR Intelligent Technology (NYSE:ZK) is being sized up by analysts after announcing its intention to acquire a 51% stake in ...