On December 23, Geely Automobile Holdings Limited (HK:0175) officially announced the successful completion of the privatization and merger of Zeekr Intelligent Technology Holding Limited. Following the transaction, Zeekr has become a wholly owned subsidiary of Geely Auto and has formally delisted from the New York Stock Exchange, marking a major milestone in Geely’s long-term strategic restructuring.
This move represents a critical step in Geely Auto’s vision to fully integrate its premium electric vehicle brands and accelerate its transformation into a technology-driven global automotive group.
Strategic Integration Marks a New Chapter for Geely Auto
Geely Auto stated that the completion of the Zeekr integration will serve as a new strategic starting point. By consolidating internal resources and leveraging strategic synergies and economies of scale, the company plans to further increase investment in core intelligent and electrification technologies.
The group emphasized that this integration will enhance operational efficiency, strengthen technological competitiveness, and create sustainable long-term value for shareholders, while advancing Geely’s evolution into a globally competitive automotive technology leader.
“One Geely Auto” Strategy Accelerates Operational Efficiency
Guided by the “Taizhou Declaration”, Geely Auto has continued to deliver steady business growth and meaningful efficiency gains. The integration of brands, platforms, and R&D capabilities has unlocked the full potential of the “One Geely” system-wide collaboration model, reducing duplication and improving decision-making speed across the organization.
This unified strategy is expected to significantly improve cost control, optimize brand positioning, and enhance the competitiveness of Geely’s diversified brand portfolio in both domestic and global markets.
Strong Financial Performance Supports Long-Term Growth
According to Geely Auto’s financial disclosures, the company delivered robust results in the first three quarters of 2025:
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Revenue: RMB 239.5 billion, up 26% year-on-year
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Core net profit attributable to shareholders: RMB 10.62 billion, up 59% year-on-year
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Improved efficiency across management, sales, and R&D expense ratios
As of September 30, 2025, Geely Auto reported a total cash balance of RMB 60.1 billion and net cash of RMB 45.2 billion, providing a strong financial foundation to support continued investment in electrification, intelligent driving, and global expansion.
Zeekr Delisting Finalizes Group-Level Consolidation
With the merger consideration now fully settled, Geely Auto is close to completing the final phase of its “One Geely” consolidation plan. Bringing Zeekr fully under the group umbrella is expected to:
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Strengthen Geely’s cost advantages
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Improve coordination across EV platforms and supply chains
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Enhance brand matrix competitiveness
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Increase global market influence
The privatization also allows Zeekr to focus on long-term product development and technology innovation without the short-term pressures of public market volatility.
Looking Ahead: Building a Technology-Led Global Automaker
By integrating Zeekr and reinforcing group-level synergies, Geely Auto is positioning itself to compete more effectively in the global transition toward smart, electric, and software-defined vehicles. The company’s strong cash reserves, improving profitability, and unified strategic direction provide a solid platform for sustained growth in the years ahead.
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