Geely Reveals Zeekr Privatization Breakdown with Merger Completion Slated for End-2025

According to the announcement, approximately 70.8% of eligible Zeekr holders opted for share consideration, while 29.2% opt for $701 million cash.

On December 9, Geely released the results of consideration elections submitted by holders of Zeekr Technology in the company’s privatization transaction, marking a key step toward the final stage of the merger.

According to the announcement, approximately 70.8% of eligible Zeekr holders opted for share consideration. Geely will issue a total of 777,228,611 new consideration shares to these holders.

Announcement about Geely's privatization transaction and Zeekr holder election results. — Geely released the results of consideration elections submitted by holders of Zeekr in the company’s privatization transaction

The remaining 29.2% chose, or were deemed to have chosen, cash consideration, for which Geely will pay about $701 million.

Under the terms of the offer, each Zeekr share can be exchanged for $2.687 in cash or 1.23 Geely consideration shares. Each Zeekr American Depositary Share (ADS) is exchangeable for $26.87 in cash or 12.3 Geely ADSs.

The merger between Geely and Zeekr is expected to be completed on or before December 29, 2025.

Once integrated, Geely aims to fully cover mainstream, mid-to-premium, and luxury segments while building a comprehensive powertrain lineup spanning ICEs, BEVs, PHEVs, and MFCVs.

A front view of a sleek, modern electric vehicle, model 7X, parked on a cobblestone street with autumn leaves around. — Zeekr 7X

Geely’s business momentum continues to strengthen. According to its Q3 report, the company generated RMB 239.5 billion ($33.53 billion) in revenue in the first three quarters of 2025, up 26% year-on-year, while core net profit attributable to shareholders rose 59% to RMB 10.62 billion ($1.49 billion).

As of the end of September 2025, Geely had total cash of RMB 60.1 billion ($8.41 billion) and net cash of RMB 45.2 billion ($6.33 billion), providing ample financial headroom for integration efforts and medium- to long-term product planning.

On the market front, Geely sold 310,428 passenger vehicles in November, an increase of 24% year-on-year.

A table showing Geely Automobile Holdings Limited's vehicle sales for November 2025, including total sales numbers and year-on-year comparisons for various brands. — Geely’s vehicle sales for November 2025

The company delivered 2.788 million vehicles from January to November, up 42% year-on-year, leaving roughly 220,000 units to reach its 3-million annual target.

Zeekr delivered 28,843 vehicles in November, a 7% increase from a year earlier, bringing its January-to-November total to 193,866 units.

Geely’s overseas operations are also expanding steadily. Overseas exports reached 42,091 units in November, up 22% year-on-year, and nearly 380,000 units for the first 11 months.