Chinese automaker Geely Automobile Holdings has completed its merger with premium electric vehicle maker Zeekr Group, making Zeekr a wholly owned subsidiary and removing it from public trading.
Zeekr said in a statement that, following the completion of the transaction, it will no longer operate as a publicly listed company. The group has asked the New York Stock Exchange to suspend trading of its American Depositary Shares from Dec. 22, 2025, and requested that the exchange file Form 25 with the U.S. Securities and Exchange Commission to formally delist and deregister its securities.
The merger represents a major step in Zhejiang Geely Holding Group’s ongoing restructuring, aimed at reducing overlap between brands, improving coordination and strengthening economies of scale across its automotive portfolio.
Geely Holding has been streamlining its operations over the past year to address internal competition among its marques. In November 2024, Zeekr completed transactions with Geely Auto and Volvo Cars, securing a 51% stake in sister brand Lynk & Co. The move was intended to simplify governance as electrification blurred brand positioning within the group.
On May 7 this year, Geely Auto proposed taking Zeekr private, just one year after Zeekr’s U.S. listing, citing the need to integrate resources, avoid duplicate investment and reduce costs. A definitive merger agreement was signed on July 15, under which Geely Auto agreed to acquire all outstanding Zeekr shares it did not already own. Zeekr shareholders were given the option to receive cash or swap their holdings for Geely Auto shares.
Zeekr was launched in March 2021 as Geely’s flagship premium EV brand, benefiting from China’s rapid shift toward electrified vehicles. Its early success, however, intensified competition with other Geely-backed brands, particularly Lynk & Co, whose electrified models increasingly overlapped with Zeekr’s offerings.
Geely Auto said the completion of the merger marks a key step in implementing its Taizhou Declaration and advancing the group’s “One Geely” strategy, which seeks to unify technology development, manufacturing and supply chains across brands.
The automaker said it would continue to increase investment in core areas such as intelligent driving and electrified mobility, aiming to generate sustainable long-term value for shareholders as competition in China’s EV market intensifies.
