ZEEKR, a premium EV brand, will merge with Geely and go private, valued at $6.83 billion.

ZEEKR, a premium electric vehicle (EV) brand, will merge with parent company Geely, becoming a wholly-owned subsidiary and going private. This follows a significant increase in Geely's vehicle sales, with a 30% rise in the first half of 2025, and a 73% increase in new energy vehicle sales. The merger, expected to close by the end of 2025, values ZEEKR at $6.83 billion, reflecting Geely's strategic focus on operational efficiency and cost reduction in the competitive EV market.