In a major restructuring move, Geely’s electric vehicle brand Zeekr is set to acquire a 51% stake in Lynk & Co, valuing Lynk at $2.5 billion.
The deal, expected to complete by June 2025, involves Zeekr buying stakes from Volvo Cars and Geely Holding.
This integration is part of Geely’s strategy to streamline operations, reduce redundant R&D and sales investments, and avoid product overlap between its brands.
Geely Chairman Eric Li emphasized the need for deeper integration to cut costs and enhance competitiveness. The group aims for combined annual sales of Zeekr and Lynk to surpass one million units, a significant leap from the 339,000 sold in 2023.
