Geely's Strategic Move: Zeekr Privatization
Geely's chairman outlines plans to take Zeekr private, aiming to unify the auto business amid tough market competition and complex economic conditions. The company is committed to maintaining strong ties with US and international capital markets. Zeekr will merge fully into Geely Auto if privatization proceeds.
In a strategic move aimed at consolidating its position in the automotive sector, Geely's chairman has announced plans to privatize its sub-brand, Zeekr. This decision aligns with the company's vision to revert to a 'One Geely' model.
Amidst fierce market competition and a complex economic backdrop, Geely aims to integrate its auto business further. The company remains committed to maintaining robust communication and cooperation with US and international capital markets.
Should the privatization succeed, Zeekr will be fully merged into Geely Auto, marking a significant step in the company's consolidation strategy.
(With inputs from agencies.)
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