Overview

• Geely Holding Group has made a non-binding proposal to acquire the remaining 34.3% of Zeekr Intelligent Technology, valuing the company at $6.5 billion.
• The offer includes $25.66 per American Depositary Share (ADS), representing a 13.6% premium over Zeekr's last closing price.
• Geely aims to fully integrate Zeekr into its portfolio, consolidating its EV brands to enhance technological synergies, reduce redundancies, and improve profitability.
• The buyout is expected to be financed through a combination of newly issued shares, existing cash reserves, and potentially debt financing.
• Following the announcement, Zeekr shares surged approximately 11% in pre-market trading, reflecting strong investor interest in the proposed deal.