Geely Auto Completes ZEEKR Privatization, Accelerating Its Shift Toward Premium and Intelligent Mobility
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Geely Auto has completed the privatization and integration of ZEEKR, marking a major step toward deeper group-wide synergies in premium electrification and intelligent mobility.
December 23 — Geely Automobile Holdings Limited announced that it has officially completed the privatization and merger of ZEEKR Intelligent Technology Holding Limited. Following the transaction, ZEEKR has become a wholly owned subsidiary of Geely Auto and has been delisted from the New York Stock Exchange, signaling that Geely’s “One Geely” strategy has entered a new phase of full-scale integration.
According to the company, Geely Auto recorded cumulative vehicle sales of 2.788 million units from January to November 2025, achieving 93% of its full-year target of 3 million units. In the first three quarters, revenue reached $34.04 billion, up 26% year on year, while core net profit attributable to shareholders surged 59% to $1.51 billion. Cost efficiency also improved, with management, R&D, and sales expense ratios declining to 1.8%, 6.1%, and 5.7%, respectively.
Positioned as a premium intelligent EV brand, ZEEKR maintains an average selling price of nearly $42,600 per vehicle. After the integration, the brand will continue to operate independently while benefiting from stronger support across Geely’s resources and supply chain. Models such as the ZEEKR 009, ZEEKR 9X, and Lynk & Co 900 have helped lift Lynk & Co’s weighted average selling price to over $28,400, driving a clear upgrade in Geely’s overall product mix.
On the technology front, ZEEKR’s SEA (Sustainable Experience Architecture) platform and its advanced intelligent driving system will be deeply integrated with Geely’s R&D ecosystem, further strengthening the group’s capabilities in smart mobility and next-generation automotive technologies.
