Overview

• Geely Holding Group has proposed a $6.5 billion buyout to acquire the remaining 34.3% of Zeekr shares it does not already own.
• The offer, priced at $2.566 per share or $25.66 per American Depositary Share, represents a 13.6% premium over Zeekr's last closing price.
• Zeekr's shares surged approximately 11% following the announcement, reflecting investor optimism about the privatization plan.
• The proposal seeks to delist Zeekr from the NYSE, streamline operations, and enhance technological synergies across Geely's brands, including Volvo and Polestar.
• Geely cited intensifying competition in the EV market and U.S.–China trade tensions as key reasons for the strategic move.