On July 15, Geely Holding Group announced the official signing of a merger agreement between its subsidiary Geely Auto and Zeekr Technology. Pursuant to the agreement, Geely Auto will acquire all outstanding shares of Zeekr, enabling Zeekr shareholders to opt for either cash compensation or a share exchange with Geely Auto. This strategic move underscores Geely Holding Group's commitment to realigning under the "One Geely" banner and bolstering its position in the competitive landscape of intelligent new energy vehicles.