Pins matching tag:"One Geely"

Geely Automobile Holdings submitted a non-binding offer on 7 May 2025 to buy all Zeekr shares it did not own at US$25.66 per ADS, a 13.6% premium, the first step in merging its NYSE-listed premium EV brand back into the main group.

Geely Automobile Holdings and Zeekr signed a definitive merger agreement on 15 July 2025, raising the offer to US$26.87 per ADS, payable in cash or newly issued Geely shares, with Zeekr to delist from the NYSE.

Zeekr completed its merger with Geely Automobile Holdings on 22 December 2025, becoming a wholly owned subsidiary and ending its US-listed existence, with trading in its ADSs suspended on the NYSE that day.

Geely Holding Group unveiled its five-year 'One Geely' blueprint on 22 January 2026, targeting global sales above 6.5 million vehicles, revenue above RMB 1 trillion and 75% new-energy share by 2030.

Geely Automobile Holdings announced on 17 August 2026 that founder Li Shufu resigns as chairman effective 18 August and becomes honorary chairman for life, with Andy An as chairman and Jerry Gan as chief executive.