Zeekr has finalized its integration with Lynk & Co, setting the stage for a new automotive group targeting annual sales of one million vehicles.
The premium electric vehicle subsidiary of Geely Holding Group announced the completion of strategic transactions with Geely entities, making Lynk & Co an indirect, non-wholly owned subsidiary.
See also: Volvo Cars Finalizes Sale of Lynk & Co Stake to Zeekr, Agrees to Distribution Partnership
Zeekr now holds a 51% stake in Lynk & Co, while Geely retains the remaining 49%. The integration will see Zeekr focus on mid-size and large battery electric and hybrid vehicles priced above RMB 300,000 ($41,170), while Lynk & Co will cater to the RMB 200,000 and above segment, with small battery electric vehicles and medium-to-large hybrids.
“For 2025, we are targeting 40% growth, aiming to sell 710,000 vehicles,” CEO Andy An stated in an internal letter. Zeekr plans to introduce three new models, including the Zeekr 007 GT, a full-size SUV, and a luxury SUV with hybrid technology. Lynk & Co will launch two new models, including the Lynk & Co 900, the world’s first production model featuring Nvidia’s Thor chip.
See also: Lynk & Co Unveils Flagship Hybrid SUV, Aiming for 40% Sales Growth in 2025
The integration extends to overseas expansion, with both brands consolidating sales and marketing operations. By 2025, the group aims to establish over 200 international stores, with planned launches for the Lynk & Co 08 EM-P and Zeekr 7X SUV.