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Geely’s US$2.4 billion Zeekr buyout kickstarts China’s EV brand consolidation wave

Geely Automobile Holdings Limited has agreed to fully acquire Zeekr, its high-end electric vehicle brand, in a US$2.4 billion deal aimed at consolidating operations and sharpening global competitiveness in the smart EV segment. The transaction will privatize Zeekr and delist it from the New York Stock Exchange by the fourth quarter of 2025.