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Geely Zeekr Abruptly Hits the 'Brakes': A Year After Its NYSE Listing
2025-05-13 /
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Author：小编
Geely Automobile has recently unveiled its intention to acquire all outstanding shares of its subsidiary, Zeekr. Upon the completion of this transaction, Zeekr will transition into a fully-owned subsidiary of Geely, marking its privatization and subsequent delisting from the New York Stock Exchange. This move comes merely a year after Zeekr achieved the "fastest IPO by a new force" on the NYSE, a journey marked by numerous ups and downs. The decision to delist underscores the strategic realignments undertaken by Chinese new energy vehicle companies amidst the intensifying global competition. Through this acquisition, Geely Automobile aims to foster a deeper integration of internal resources, thereby bolstering its competitive edge.
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