Overview

• Under the agreement, Zeekr ADS holders can choose $26.87 in cash or 12.3 newly issued Geely shares for each ADS they hold.
• Geely will back the deal with its 65.2% stake, but the merger still requires two-thirds approval from other Zeekr shareholders and a majority vote from non-affiliated Geely investors.
• June deliveries fell 16.9% year-on-year to 16,702 vehicles, and first-half volumes of 90,730 account for just 28.4% of Zeekr’s 320,000-unit annual target.
• The broader Zeekr Group, now including Lynk & Co, has registered 214,800 vehicles through June, or 30.3% of its 710,000 delivery target, while Lynk & Co shipments dipped 4.8% to 26,310 units in June.
• Zeekr marked production of its 500,000th vehicle and began delivering its X crossover in Hong Kong, Macau and Thailand while its 7X SUV’s European rollout set new records for charging speed and range.