Geely Holding is optimizing the equity structure of its brands, Zeekr and Lynk & Co, to enhance operational efficiency and strategic collaboration as part of the "Taizhou Declaration" strategic framework.

Target Information

Geely Holding has announced significant changes to the equity structure of its brands, Zeekr and Lynk & Co, as part of its implementation of the "Taizhou Declaration" strategic framework. On November 14, the company revealed plans to optimize the shareholding relationships between these entities, aiming to streamline equity connections, reduce related-party transactions, and eliminate intra-sector competition. Geely's initiative seeks to foster comprehensive resource integration and operational efficiency.

As part of this restructuring, Geely Holding will transfer 11.3% of its shares in Zeekr Intelligent Technology, listed on the NYSE under the ticker ZK, to Geely Automotive Holdings Ltd. Following this transaction, Geely Automotive's ownership stake in Zeekr will increase to approximately 62.8%. Additionally, the equity structure of Lynk & Co will also be refined in alignment with Zeekr's developments, establishing strategic collaboration between the two brands.

Industry Overview

The automotive industry in China is experiencing rapid transformation and growth, fueled by advancements in technology and increasing consumer demand for electric vehicles (EVs). As one of the lar