Lynk & Co undergoes restructuring with ZEEKER joining as new shareholder

Shanghai (Gasgoo)- Lynk & Co Automotive Technology Co., Ltd. ("Lynk & Co") recently underwent a corporate restructuring.

According to the business registration records updated on Feb. 11 by the Chinese enterprise information inquiry platform Tianyancha, Volvo Cars (China) Investment Co., Ltd. and Zhejiang Geely Holding Group ("Geely Holding") have withdrawn as shareholders of Lynk & Co, with Zhejiang Zeekr Intelligent Technology Co., Ltd. ("ZEEKR") now taking their place.

Following the changes, Lynk & Co is now jointly owned by Ningbo Geely Automobile Industry Co., Ltd. ("Ningbo Geely") and ZEEKR, though the exact shareholding proportions have not been disclosed.

Previously available information indicated that Ningbo Geely held a 50% stake in Lynk & Co.

Meanwhile, Lynk & Co's registered capital has increased from 7.5 billion yuan to approximately 7.65 billion yuan.

The restructuring has also led to significant management changes. Notably, An Conghui—President of Zhejiang Geely Holding Group, Chairman of Geely Auto Group, and CEO of ZEEKR— has replaced Gan Jiayue as Lynk & Co's legal representative and chairman, signaling the formal completion of the integration between ZEEKR and Lynk & Co, a key step in Geely Holding's broader strategy to consolidate internal resources.

In September 2024, Geely Holding issued the "Tāizhōu Declaration," emphasizing its commitment to deepening internal resource integration, clarifying brand positioning, streamlining equity structures, and eliminating conflicts of interest and redundant investments. Following this, Geely Auto Group announced the merger of its GEOME brand into the Geely Galaxy while also initiating the consolidation of ZEEKR and Lynk & Co.

In November last year, Geely Holding announced its plan to transfer an 11.3% stake in ZEEKR to its listed subsidiary, Geely Automobile Holdings Limited. Upon completion, Geely Automobile's stake in ZEEKR would increase to approximately 62.8%. ZEEKR, in turn, would hold a 51% stake in Lynk & Co, while the remaining 49% would be owned by a wholly-owned subsidiary of Geely Automobile. This integration will give rise to the "ZEEKR Technology Group," which oversees both the ZEEKR and Lynk & Co brands.