Chinese EV maker Zeekr up as Geely seals take-private deal

ZEEKR Intelligent Technology Holding

15/07/2025 17:21

** U.S.-listed shares of electric vehicle (EV) maker Zeekr ZK.N up 2.4% at $28.50 as majority owner Geely Automobile 0175.HK clinches take-private deal

** Chinese automaker Geely to acquire Zeekr for $26.87 per American depositary share, valuing co at $6.83 bln

** Geely, which already owns about 63% of Zeekr and initially offered $2.2 bln in May, boosts buyout to around $2.4 bln

** ZK shares closed at $22.59 on May 6, just prior to Geely's announced take-private plans

** Zeekr made its U.S. debut in May 2024 IPO priced at $21

** Since then, ZK shares have traded as low as $13.00 (Aug 12) and hit record intraday high of $33.32 (Mar 11)

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com ; 1-646-279-6380))