China $21 Billion Car Giant Geely Automobile to Buy Spin-Off Electric Car Zeekr for $6.4 Billion Representing +13.6% Premium to Last Closing Price (6/5/25), Geely Currently with 65.7% Shareholding in Zeekr, Zeekr Founded in 2021 by Geely Automobile Which was Founded in 1997 by Eric Li Shufu Who is China Billionaire with $17 Billion Fortune
8th May 2025 | Hong Kong
China car giant Geely Automobile ($21 billion market value) has announced to buy spin-off electric car Zeekr for $6.4 billion, representing +13.6% premium to last closing price (6/5/25). Geely currently has 65.7% shareholding in Zeekr. Zeekr was founded in 2021 by Geely Automobile, which was founded in 1986 by Eric Li Shufu who is China billionaire with $17 billion fortune. Zeekr – ZEEKR (NYSE: ZK) is a global premium electric mobility technology brand from Geely Holding Group. ZEEKR aims to create a fully integrated user ecosystem with innovation as a standard. ZEEKR utilizes Sustainable Experience Architecture (SEA) and develops its own battery technologies, battery management systems, electric motor technologies, and electric vehicle supply chains. ZEEKR’s value is equality, diversity, and sustainability. Its ambition is to become a true mobility solution provider. ZEEKR operates its R&D centers and design studios in Ningbo, Hangzhou, Gothenburg, and Shanghai and boasts state-of-the-art facilities and world-class expertise. Since ZEEKR began delivering vehicles in October 2021, the brand has developed a diversified product portfolio that primarily includes the ZEEKR 001, a luxury shooting brake; the ZEEKR 001 FR, a hyper-performing electric shooting brake; the ZEEKR 009, a pure electric luxury MPV; the ZEEKR 009 Grand, a four-seat ultra-luxury flagship MPV; the ZEEKR X, a compact SUV; the ZEEKR 7X, a premium electric five-seater SUV; the ZEEKR MIX; and an upscale sedan model. ZEEKR has announced plans to sell vehicles in global markets, and has an ambitious roll-out plan over the next 5 years to satisfy the rapidly expanding global EV demand. Geely – Geely Auto is a leading automobile manufacturer based in Hangzhou, China and was founded in 1997 as a subsidiary of Zhejiang Geely Holding Group. Zhejiang Geely Holding Group (“Geely Holding” / “the Group”) was founded in 1986. In 1997, Geely Holding entered the automotive industry.
“ China $21 Billion Car Giant Geely Automobile to Buy Spin-Off Electric Car Zeekr for $6.4 Billion Representing +13.6% Premium to Last Closing Price (6/5/25), Geely Currently with 65.7% Shareholding in Zeekr, Zeekr Founded in 2021 by Geely Automobile Which was Founded in 1997 by Eric Li Shufu Who is China Billionaire with $17 Billion Fortune “
China $21 Billion Car Giant Geely Automobile to Buy Spin-Off Electric Car Zeekr for $6.4 Billion Representing +13.6% Premium to Last Closing Price (6/5/25), Geely Currently with 65.7% Shareholding in Zeekr, Zeekr Founded in 2021 by Geely Automobile Which was Founded in 1997 by Eric Li Shufu Who is China Billionaire with $17 Billion Fortune
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