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EV brand Zeekr to take control of Lynk
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 under his Hong Kong-listed flagship Geely Auto. He and his associates will extract more than US$2 billion by selling their stakes in the process.
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 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,
Zeekr announces strategic integration transactions with Geely
Zeekr (ZK) announced its entry into strategic integration transactions with certain Geely entities, including Zhejiang Geely, a PRC limited
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 to be merged with Lynk & Co – Geely’s EV brand to purchase controlling stake, lead car development
Geely is reportedly working to merge the Lynk & Co and Zeekr brands for a more focused approach towards the new energy vehicle market, according to sources cited by Economic Daily. The planned consolidation aims
ZEEKR Strengthens Position with Geely Integration
ZEEKR Intelligent Technology Holding Limited Sponsored ADR (ZK) has released an update. ZEEKR Intelligent Technology has announced strategic
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 designed to unlock synergies and reduce costs in China’s increasingly competitive BEV sector.
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
Geely restructures, Zeekr to take control of Lynk & Co. in major overhaul
China's Geely Group in a shake up has put the premium electric vehicle (EV) brand Zeekr in charge of another sibling brand Lynk & Co. There is also the first major step in Geely's ongoing downsising and cost cutting efforts to break with its past as an acquisitive automotive land-grabbing machine.
MarketWatch
6h
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 ...
10h
ZEEKR Clocks 51% Surge In Q3 Deliveries But Faces Lower Margins Amid Pricing Shifts: Deails
ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares traded lower premarket on Thursday. On Wednesday, the company ...
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