Zeekr and parent company Geely Automobile Holdings Ltd. announced Monday the completion of their merger, making Zeekr a privately held, wholly-owned subsidiary of the Chinese group.
The companies first announced plans to merge in July, following a disappointing 2024 initial public offering (IPO) process for the Geely-owned premium electric vehicle brand.
Following the merger, Zeekr filed a Form 15F with the US Securities and Exchange Commission to voluntarily terminate the registration of its ordinary shares and American depositary shares.
Polestar, another brand under the Geely umbrella, has fared worse in public markets.
Shares reached an all-time low earlier this month, with market capitalization falling below $1 billion despite a reverse stock split executed to avoid Nasdaq delisting.
European Expansion
Zeekr has continued expanding across Europe while navigating the corporate restructuring.
Germany Launch
The brand began selling vehicles in Germany earlier this month with three models priced from 37,990 euros ($44,700).
The brand is targeting premium retail customers as well as medium-sized fleets, corporate fleet operators, and car rental companies, according to its chief for the European markets Lothar Schupet.
Zeekr plans to expand into Spain, Italy, France, and Britain in 2026.
The Gothenburg-headquartered brand entered Romania, Slovenia, Croatia, and Bulgaria in October, followed by Greece last month — its ninth European market since launching in the region through Sweden and the Netherlands in late 2023.
This year, Zeekr has added Germany, Switzerland, Belgium, and Denmark to its footprint, following entries into Norway and France in 2024.
The company’s European portfolio includes the Zeekr 001 station wagon and the X and 7X SUVs.
Spy photographs of the Zeekr upcoming SUV 8X surfaced last week on Chinese social media ahead of the model’s planned launch in the first quarter of 2026.
