Chinese carmaker Geely to pay US.4 billion to take full control of Zeekr

Chinese carmaker Geely to pay US$2.4 billion to take full control of Zeekr

July 15, 2025 / Liam Redmond /

[ad_1]

Published Tue, Jul 15, 2025 · 06:39 PM

[BEIJING] 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

Share with us your feedback on BT’s products and services

[ad_2]

Source link

Posted in

Liam Redmond

As an editor at Forbes Europe, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

Leave a Comment