Chinese Automaker Geely to Take Zeekr Private

Dow Jones

Jul 15, 2025

By Connor Hart

Geely Automobile will take its electric-vehicle brand Zeekr private.

The privatization values the premium EV brand at approximately $2.69 a share, or $26.87 per American depositary receipt, the Chinese automaker said Tuesday.

The per-ADR payout represents a roughly 19% premium to the closing price of Zeekr ADSs on May 6, the last trading day prior to the public disclosure of the privatization proposal, the company said.

The Hangzhou-based company said in May that it was looking to take Zeekr private, just one year after the company went public in the U.S. Geely, which is China's second-largest EV maker, has been expanding its market share but still faces stiff competition in its home market.

Geely said it will fund the privatization with internal resources and, if necessary, debt financing. The company's board of directors unanimously approved the deal, expected to close in the fourth quarter.

Under its terms, Zeekr will merge with Keystone Mergersub, a subsidiary of Geely. Zeekr will continue as the surviving entity.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

July 15, 2025 06:43 ET (10:43 GMT)

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The company's board of directors unanimously approved the deal, expected to close in the fourth quarter. \n</p>\n<p>\n  Under its terms, Zeekr will merge with Keystone Mergersub, a subsidiary of Geely. Zeekr will continue as the surviving entity. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2025 06:43 ET (10:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1224444064.USD","symbol_name":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2551619121","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551619121","pubTimestamp":1752576180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Geely Automobile will take its electric-vehicle brand Zeekr private.The privatization values the premium EV brand at approximately $2.69 a share, or $26.87 per American depositary receipt, the Chinese automaker said Tuesday.The per-ADR payout represents a roughly 19% premium to the closing price of Zeekr ADSs on May 6, the last trading day prior to the public disclosure of the privatization proposal, the company said.The Hangzhou-based company said in May that it was looking to take Zeekr private, just one year after the company went public in the U.S. Geely, which is China's second-largest EV maker, has been expanding its market share but still faces stiff competition in its home market.Geely said it will fund the privatization with internal resources and, if necessary, debt financing. 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The company's board of directors unanimously approved the deal, expected to close in the fourth quarter. \n\n\n  Under its terms, Zeekr will merge with Keystone Mergersub, a subsidiary of Geely. Zeekr will continue as the surviving entity. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 15, 2025 06:43 ET (10:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}