On December 23rd, Geely Automobile Holdings Limited (0175.HK) (referred to as “Geely Automobile”) issued an announcement, declaring the official completion of the privatization and merger transaction of Zeekr Intelligent Technology Holdings Limited (referred to as “Zeekr”). Zeekr has become a wholly-owned subsidiary of Geely Automobile and has been delisted from the New York Stock Exchange (NYSE).
Geely Automobile stated that in the future, it will take this integration as a new starting point, fully leverage strategic synergy and scale effect, continue to increase investment in the core areas of intelligentization and electrification, create sustainable long-term value for all shareholders, and fully evolve into a technology-led global automotive enterprise.Guided by the “Taizhou Declaration” strategy, Geely Automobile’s business has maintained steady growth, with significantly improved operational efficiency and sufficient cash flow, continuously releasing the systematic synergy effect of “One Geely”. Financial reports show that in the first three quarters of 2025, Geely Automobile achieved an operating income of 239.5 billion yuan, a year-on-year increase of 26%; the core net profit attributable to shareholders was 10.62 billion yuan, a year-on-year increase of 59%, indicating a significant improvement in profitability; the administrative expense ratio, selling expense ratio, and R&D expense ratio all achieved efficiency gains. As of the end of September 2025, Geely Automobile’s total cash position reached 60.1 billion yuan, and the net cash position was 45.2 billion yuan, providing sufficient cash reserves for long-term development. With the official landing of the merger consideration, the return to “One Geely” is about to be fully concluded, which will lay the foundation for Geely Automobile to build cost advantages, enhance the competitiveness of its brand matrix, and strengthen its global market influence.
