EV brand Zeekr to take control of Lynk

In major Geely shake-up, EV brand Zeekr to take control of Lynk
China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a planned overhaul for the sprawling automotive group.
Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say
HONG KONG/SHANGHAI (Reuters) -Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said. It's the first big restructuring move in a ...
Geely Shares Fall Sharply on Zeekr's Plans to Take Majority Stake in Lynk & Co
Geely Automobile's Hong Kong-listed shares fell sharply after it disclosed subsidiary Zeekr plans to take control of Lynk & Co, raising investor concerns over the impact of the deal. Shares of Geely fell 6.5% to 13.00 Hong Kong dollars, equivalent to US$1.67. The benchmark Hang Seng Index was last up 0.65%.
Geely to Integrate Zeekr, Lynk&Co Brands to Streamline Costs
Zhejiang Geely Holding Group Co. plans to integrate its premium electric vehicle brand Zeekr with its smart car marque Lynk & Co. in a restructuring aimed at eliminating duplication and saving costs,
Chinese EV reset: ZEEKR to take control of Lynk as it looks to be a major player
China's Geely said electric vehicle maker ZEEKR Intelligent Technology (NYSE:ZK) plans to take control of Lynk & Co as the first big restructuring move in a major reset of the holding company's automotive group.
Zeekr ADRs Tumble Following Plan to Take Majority Stake in Lynk & Co
American depositary receipts of Geely Automobile subsidiary Zeekr Intelligent Technology fell after the Chinese electric-vehicle manufacturer said it plans to acquire a 50% stake in Lynk & Co from its parent and Volvo Car. ADRs tumbled 26%, to $21.55 ...
Zeekr to take control of Lynk in major Geely shake-up
Zeekr and Lynk have some overlap with similar products and pricing, cannabilising each other's sales, analysts have said. Premium electric vehicle maker Zeekr will take control of
Zeekr price target raised to $38 from $31 at Macquarie
Macquarie analyst Eugene Hsiao raised the firm’s price target on Zeekr (ZK) to $38 from $31 and keeps an Outperform rating on the shares ...
Geely to reorganise Zeekr, Lynk units as founder, investors extract US$2 billion
Li Shufu, the billionaire who controls one of China’s biggest electric vehicle (EV) makers, is consolidating his business ...
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Geely: ASP of Zeekr Bicycles at RMB300K in 3Q; Full-yr Target of 230K Units Achievable
The ASP of ZEEKR bicycles reached RMB300,000 in 3Q24, which is steadily ranked amongst luxury brand leaders, An Conghui, ...
Geely’s ZEEKR Sees Strong Growth in Q3 2024
Geely Automobile Holdings (HK:0175) has released an update. ZEEKR Intelligent Technology Holding Limited, a subsidiary of Geely Automobile ...
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Geely moves to further integrate its automotive brands
Geely has said that its premium electric Zeekr brand is to take control of its sister Lynk & Co brand in a move that is ...