Chinese carmaker Geely to pay US$2.4 billion to take full control of Zeekr
Published Tue, Jul 15, 2025 · 06:39 PM
Chinese automaker Geely Automobile will acquire the chunk of electric-vehicle maker Zeekr that it does not already own for US$2.40 billion, the companies said in separate statements on Tuesday (Jul 15).
Geely is offering US$2.687 for every share for the 892.7 million units it does not already own in Zeekr. The company currently holds around 62.8 per cent stake in Zeekr, according to a filing with the exchange.
The per American depositary share offer values Zeekr at US$6.83 billion.
The deal comes months after Geely tried to privatise the electric vehicle maker, saying it wanted to consolidate its business to counter intensifying competition. REUTERS
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