Geely announced on December 9 the final results of the consideration election process for the privatization of its premium electric vehicle (EV) unit, Zeekr, marking a key step toward establishing its unified “One Geely” corporate structure.
Approximately 71% of eligible Zeekr shareholders chose to receive Geely shares as compensation, resulting in the issuance of a combined 777,228,611 new Geely shares. These new shares will rank pari passu with existing stock, including full dividend and voting rights. The remaining 29.2% of shareholders chose, or were deemed to choose, cash compensation, which will total approximately US$701 million.
See also: Zeekr Launches Sales in Germany With Three Electric Models
Under the finalized terms, each Zeekr common share is exchangeable for either US$2.687 in cash or 1.23 Geely shares. Similarly, each Zeekr American Depositary Share (ADS) may be exchanged for US$26.87 in cash or 12.3 Geely ADSs. The merger is anticipated to be completed by December 29, 2025.
Geely intends for the consolidation to integrate Zeekr’s strengths in the premium global EV market—particularly its performance and intelligent technologies—with Geely’s existing scale in the mainstream automotive segment. The unified entity will integrate R&D, manufacturing, supply chains, product planning, and global operations under a single strategic framework.
See also: Zeekr Group Narrows Q3 Net Loss by 84.9% as Deliveries Rise and R&D Spending Falls
The integration is expected to give the Geely group a seamless presence across the mass-market, mid-to-upper, and luxury segments, supported by a diversified powertrain portfolio. The company anticipates the move will sharpen its manufacturing capabilities, accelerate technology development, and enhance long-term profitability.
Financial data for the first three quarters of 2025 indicated Geely’s momentum, with revenue growing 26% year-on-year to 239.5 billion yuan and core net profit attributable to shareholders surging 59% to 10.62 billion yuan.
