Geely delists Zeekr from the US stock exchange: the Chinese automaker is curtailing expansion and focusing on internal consolidation
23 December 18:24
The Chinese multinational Geely Automobile Holdings has completed the privatization of its premium electric car brand Zeekr. As a result, the company has stopped listing Zeekr shares on the New York Stock Exchange (NYSE), having bought out all minority investors’ shares. This is reported by autocentre, "Komersant Ukrainian" reports.
What is known about the deal
The deal amounted to about $2.4 billion. Geely’s stake in Zeekr has increased from 65.7% to 100%, and the brand’s financials are now fully consolidated in the Hong Kong-listed parent company’s accounts.
A year ago, in May 2024, Zeekr went public in New York, which was seen as a step towards global scaling of the brand.
Why Geely changed course
The privatization of Zeekr was the final stage in the implementation of the so-called Taizhou Declaration, a strategy adopted by Geely Holding in the fall of 2024. Its essence is the rejection of the dispersion of resources between numerous brands and the transition to stricter centralization.
As part of this model, the business group was actually divided into two clusters:
- Geely Auto Group, which includes the mass brands Geely, Geely Galaxy, and Geely Radar;
- Zeekr Tech Group, which includes premium and technology brands Zeekr and Lynk & Co.
This transforms Zeekr from an independent public asset into an internal technology center for the entire group.
What does full integration bring?
One of the key elements of the restructuring was the integration of the Lynk & Co brand, over which Zeekr gained majority control. Now Zeekr is responsible for developing platforms and products for both brands.
According to the company, this has already reduced research and development costs by 15-20% during the year. In addition, full ownership of Zeekr paves the way for scaling the universal SEA (Sustainable Experience Architecture) platform to other divisions of the group, including Volvo and Polestar, and speeds up the launch of new models.
Why delisting in the US?
Analysts attribute Zeekr’s exit from the NYSE not only to Geely’s internal strategy. Among the reasons are the continued volatility of Chinese companies’ stocks in the US and the growing regulatory and political risks for Chinese businesses on US financial markets.
For Geely, concentrating on Asian capital markets looks less risky and more manageable.
Total sales of Zeekr and Lynk & Co increased
According to the preliminary results of 2025, the combined sales of Zeekr and Lynk & Co increased by more than 30%, largely due to the Zeekr 001 and 007 models, which are actively sold outside of China, in particular in the Middle East and Southeast Asia.
