Chinese EV maker Zeekr gains on take-private offer from Geely Auto

ZEEKR Intelligent Technology Holding

07/05/2025 14:58

Updates

** U.S.-listed shares of electric vehicle (EV) maker Zeekr ZK.N rise ~11% to $25.00 per share, their highest level since March 27

** ZK marks its biggest intraday pct gain since March 11

** Chinese EV maker Geely Automobile 0175.HK plans to take Zeekrprivate for $25.66 per American Depositary Share (ADS) - a premium of 13.6% to stock's previous close

** Offer-per-ADS values Zeekr at $6.52 billion

** Geely Auto already owns 65.7% of total outstanding share capital of Zeekr; it would need to pay $2.2 billion to control the rest, as per Reuters calculation

** ZK's NYSE-listed stock down ~12% so far this year, including the day's move

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))