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China’s Geely Sweetens Bid to Take EV Maker Zeekr Private

BloombergTuesday, July 15, 2025 at 11:48:44 AM
PositiveTechnologyCorporate Acquisitions
China’s Geely Sweetens Bid to Take EV Maker Zeekr Private
Geely, the Chinese auto giant, has upped its bid to buy out Zeekr, its high-end electric vehicle subsidiary, in a move that would give billionaire Li Shufu tighter control over his automotive empire. This isn’t just about money—it’s a strategic play to simplify ownership and possibly accelerate Zeekr’s growth as competition in the EV market heats up.
Editor’s Note: Geely’s push to take Zeekr private signals confidence in the brand and a bet on the future of premium EVs. For Li Shufu, it’s a chance to streamline operations and double down on a key player in China’s cutthroat electric vehicle race. For investors and industry watchers, it’s a sign that consolidation and strategic maneuvering are far from over in the EV space.
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