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Stock impact report

ZEEKR Announces Strategic Integration Transactions with Geely

ZEEKR Intelligent Technology Holding Limited American Depositary Shares (each representing ten (10) Ordinary Shares) (ZK) 
Company Research Source: PR Newswire
HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a global premium electric mobility technology company, today announced its entry into strategic integration transactions (the "Strategic Integration Transactions") with certain Geely entities, including (i) Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding"), a PRC limited liability company ultimately wholly-owned by Mr. Shufu Li and his associates, (ii) Volvo Cars (China) Investment Co., Ltd. ("VCI"), a wholly-owned PRC subsidiary of Volvo Car AB (XSTO: VOLCAR B) ("Volvo"), which itself is Geely Holding's indirect, non-wholly-owned subsidiary in Sweden, (iii) Ningbo Geely Automobile Industry Co., Ltd ("Ningbo Geely"), a wholly-owned PRC subsidiary of Geely Automobile Holdings Limited (HKEX: 0175) ("Geely Auto"), ZEEKR's controlling shareholder, and (iv) LYNK & CO Automotive Technology Co., Ltd. ("LYNK & CO"), a Chinese-foreign joint venture in China Show less Read more
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