Beijing (Gasgoo)- On November 14, Geely Holding Group (Geely Holding) announced its restructuring plans for its equity stakes in ZEEKR and Lynk & Co, optimizing shareholder relations to reduce internal competition, streamline resources, and facilitate deeper integration across its brands. This shift is a critical step in implementing the goals outlined in the "Tāizhōu Declaration," which Geely Holding issued in September to mark the beginning of its new strategic transformation phase.
Under this restructuring, Geely Holding will transfer its 11.3% stake in ZEEKR Intelligent Technology Holding Limited (NYSE: ZK) to its listed subsidiary, Geely Automobile Holdings Limited (HKEX: 0175). Following the transfer, Geely Automobile's total ownership in ZEEKR will rise to approximately 62.8%.
Additionally, Lynk & Co's equity structure has been realigned to enable strategic collaboration between Lynk & Co and ZEEKR. ZEEKR will now hold a 51% controlling stake in Lynk & Co, with the remaining 49% retained by a wholly-owned subsidiary of Geely Automobile.
Geely Holding Chairman Li Shufu emphasized that this strategic consolidation is a key measure of the "Tāizhōu Declaration", aimed at enhancing brand synergy, innovation capabilities, and sustainable growth. The restructuring is expected to strengthen each brand’s competitive positioning, ultimately delivering greater value for both customers and investors in a rapidly evolving market.
