Geely wants to delist Zeekr from the stock exchange again
Geely wants to buy up the remaining shares for 25.66 dollars per share, which makes for a premium of around 14 per cent on the last closing price. The company would then be fully owned by Geely and valued at around 6.5 billion dollars. Geely currently already holds 65.7 per cent of the shares in Zeekr.
The Geely Group, which also owns Volvo Cars, Polestar, Lotus and half of Smart, is pursuing the goal of consolidating its automotive activities, utilising internal synergies and reducing costs with this step. According to CarNewsChina, analysts see the planned delisting as a strategically smart move: full integration will allow Geely to pool resources in the areas of research, development, production and supply chain more efficiently and respond more quickly to market changes.
Geely had already started to reorganise its portfolio before the announcement of Zeekr’s delisting. Volvo Cars, for example, sold its 30 per cent stake in Lynk & Co internally to Zeekr. Geely ceded further percentages so that Zeekr became the majority shareholder of Lynk & Co in February 2025 with 51 per cent. Geely itself holds the remaining 49 per cent.
However, Zeekr’s withdrawal from the stock market is apparently not only due to business considerations. The geopolitical situation is also likely to play a role: During the Biden administration, the USA increased import tariffs on Chinese electric vehicles to 100 per cent and banned connected cars from China, which essentially already made it impossible to import Zeekr vehicles. And under Trump, tariffs of 145 per cent currently apply to Chinese imports. Increasing political pressure could therefore have been the decisive factor in the withdrawal from the US capital market.
Zeekr hit the stock market in New York in May 2024. The company raised 441 million US dollars at the time and was valued at around 6.8 billion US dollars. The premium electric brand, which Geely launched in 2021, clearly positioned itself against competitors such as Tesla, Nio and Xpeng.
From the beginning, Zeekr focused on innovative technologies such as solid-state batteries, software-defined vehicles and autonomous driving functions. The model portfolio – including the Zeekr 001 and the Zeekr 7X – impresses with its design, range and technological sophistication. The expansion plans in Europe and Southeast Asia are also ambitious, although the withdrawal from the US stock exchange could make access to international capital markets more difficult in the future.
Despite these challenges, Zeekr remains a major player in the global electric car market. The full integration into the Geely Group should further sharpen the company’s strategic focus, but now without the political and regulatory weight of a US listing. It remains to be seen what impact this step will have on the company’s international expansion and innovative strength.
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