Geely Guzzles Up Zeekr Like a Morning Multivitamin

Geely, the ever-thirsty Chinese automotive behemoth, has finally gotten its hands on what it has long coveted: full ownership of Zeekr. The luxury-focused subsidiary now slides entirely into its grasp. In a freshly released statement, Geely announced it had signed a merger agreement with Zeekr and plans to acquire the remaining 40 percent or so of shares it does not yet control by the end of the fourth quarter. After that, Zeekr will be delisted from the New York Stock Exchange.

So for those still harboring hopes of a glittering future for their shares, two awkward choices remain: sell their stake for a paltry $2.70 apiece or swap it for Geely Auto stock.

The deal pegs Zeekr’s total value at roughly $6.8 billion. Geely’s existing 62.8 percent stake now balloons to a full 100 percent. With that, the last vestiges of independence vanish and Zeekr dissolves fully into the mother ship, in a bid—at least on paper—to boost efficiency and focus calmly on growth, unbothered by pesky investors.

The brand, born only in 2021 and listed just two months ago, now faces a fate that many young companies dread: complete absorption. Yet Zeekr has hardly been sitting idle. In the first three months of 2025 alone, it moved over 114,000 vehicles, a 21.1 percent increase from the previous year. Of those, Zeekr itself sold 41,000, marking an impressive 25.2 percent year-on-year rise.