Geely Automobile Holdings Subsidiary Acquires 51% Stake in Automotive Tech Firm

MT NewswiresFeb 14 07:17 ET

Geely Launches Galaxy L7 EM-i Hybrid SUV in Heated Race With BYD

CnEVPostFeb 14 05:37 ET

ZEEKR Technology Group CEO An Conghui's internal letter: The goal is to become the BBA of the New energy Fund era, changing the landscape of the high-end luxury market in China and even globally.

Sina Technology News, on the evening of February 14, ZEEKR announced today that it has completed the acquisition and investment of Lynk & Co, and the ZEEKR Technology Group was officially announced today. The CEO of ZEEKR Technology Group, An Conghui, issued an internal letter. He stated that ZEEKR positions itself as a "Global Luxury Technology Brand," focusing on "Luxury, Extremity, Technology," primarily targeting markets of 0.3 million and above, mainly focusing on mid-to-large vehicles, with medium-sized cars focusing on pure electric and large vehicles focusing on super hybrid; Lynk & Co positions itself as a "Global New Energy High-end Brand," focusing on "Trendy, Sporty, Individuality," primarily targeting markets of 0.2 million and above, with small cars focusing on pure electric and mid-to-large vehicles focusing on hybrid. For 20

Sina TechnologyFeb 14 05:19 ET

ZEEKR Lynk & Co has completed the equity transfer and officially established the ZEEKR Technology Group.

[February 14, 2025, Hangzhou] Today, ZEEKR Technology Holdings Ltd. (ZK.US) and Geely Autos Holdings Ltd. (0175.HK) respectively announced that ZEEKR has completed the acquisition and investment in Lynk & Co. After completion, 51% of Lynk & Co.'s equity belongs to ZEEKR, 49% belongs to Geely Autos, making Lynk & Co. a non-wholly-owned subsidiary of ZEEKR. The completion of this equity transfer took only three months since the strategic integration announcement of ZEEKR and Lynk & Co. on November 14, 2024. The ZEEKR Technology Group has also been officially established today. The ZEEKR Technology Group will be based on the "ZEEKR Autos + Lynk & Co. Autos" dual brand.

Gelonghui FinanceFeb 14 03:47 ET

Chinese EV Maker Formed by Zeekr and Lynk & Co Sets Ambitious Sales Target

WSJFeb 14 03:37 ET

Geely Autos (00175.HK): completed the acquisition of Lynk & Co and the capital injection into Lynk & Co.

On February 14, 2025, Geely Autos (00175.HK) announced the acquisition and capital injection matters concerning Lynk & Co. All conditions precedent for the acquisition and capital injection have been fulfilled, and the Trade has been completed as of February 14, 2025. Following the completion of the acquisition and capital injection matters: 1. Lynk & Co is currently owned 49% by Ningbo Geely and 51% by Zhejiang ZEEKR. 2. Lynk & Co has become an indirect non-wholly owned subsidiary of ZEEKR and an indirect non-wholly owned subsidiary of the company. 3. Lynk & Co's financial performance will be included in the consolidated financial statements of the ZEEKR Group and the Group.

Gelonghui FinanceFeb 14 03:34 ET