ZEEKR Intelligent Technology Holding Limited (ZK)

ZEEKR Intelligent Technology Holding Limited was the premium electric vehicle arm of the Geely Holding Group, a Chinese automotive conglomerate. The Zeekr brand was introduced in 2021, and the company was headquartered in Ningbo, China, with significant operations in Hangzhou. It was a subsidiary of Geely, which held a majority of its shares, and designed, developed, manufactured and sold battery electric passenger vehicles under the Zeekr name.

The product range included sedans, shooting brakes, sport utility vehicles and multi-purpose vehicles such as the Zeekr 001, 007, 009 and X, aimed at the higher end of China's rapidly growing new-energy vehicle market. Beyond vehicles, the company developed electric powertrains, battery packs, and software and driver-assistance systems, and it also provided research and development services to related parties within the Geely ecosystem. It sold vehicles directly to consumers in China and had begun exporting to Europe and other overseas markets.

Zeekr listed its American depositary shares on the New York Stock Exchange in May 2024, in an initial public offering priced at US$21 per ADS that raised about US$441 million. At the time it was among the larger U.S. listings by a Chinese company in that period. The shares traded under the ticker ZK, and each ADS represented ten ordinary shares.

Chinese electric vehicle makers faced intense price competition through 2024 and 2025, and Geely pursued a broader consolidation of its brands. In 2025 Geely Automobile Holdings, the Hong Kong-listed vehicle business of the group, proposed to absorb Zeekr in order to streamline its brand portfolio, reduce internal overlap and share technology and supply-chain resources more efficiently. A special committee of Zeekr's board reviewed the proposal before the parties signed a definitive agreement.

Under the merger agreement, Zeekr shareholders other than Geely and its affiliates could receive US$2.687 in cash per ordinary share, equal to US$26.87 per ADS, or elect to receive Geely Automobile shares at a ratio of 1.23 Geely shares per Zeekr share. The consideration represented a premium of roughly 19 percent to the last unaffected closing price. Geely already owned about two thirds of Zeekr before the transaction, and the deal was valued at around US$2.4 billion for the remainder.

Zeekr shareholders approved the merger at an extraordinary general meeting in the fall of 2025. The transaction closed in December 2025, and Zeekr became a wholly owned subsidiary of Geely Automobile Holdings. A Form 25 was filed with the SEC on December 22, 2025 to remove the ADSs from listing and registration on the NYSE, and the company moved to deregister its securities. Former holders received merger consideration in cash or Geely Automobile shares according to their elections, and Zeekr continued as a Geely brand.