Zeekr takes control of Lynk & Co [Yahoo! Finance]
GEELY AUTOMBL HL UNSP/ADR (GELYY)
NASDAQ:AMEX Investor Relations:
geelyauto.com.hk/en/announcement.html
Company Research
Source: Yahoo! Finance
In This Article GELYY ZK Chinese automaker Geely Automobile Holdings has taken full control of its Lynk & Co Automotive Technology Company joint venture, following a planned change in the shareholding structure announced last November, according to local reports. Lynk & Co was originally established in 2016 in Sweden as a joint venture between Geely Auto Group, Geely Holdings and Sweden's Volvo Cars. Following a new funding round, Geely's publicly-listed electric vehicle (EV) manufacturer Zeekr Intelligent Technology Holding Limited has taken a 51% stake in Lynk & Co, with Geely Auto Group holding the remaining 49% of the shares. Volvo Cars, now also majority-owned by Geely Auto Group, has given up its original 30% stake in the company. Zeekr sold just over 222,000 battery electric vehicles (BEVs) in 2024, mostly in China, while Lynk & Co is estimated to have sold around 280,000 mostly hybrid electric vehicles. The company is increasingly focused on expanding its BEV range
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