Chinese Geely Auto wants to transfer the luxury EV unit from the New York Stock Exchange after one year For the first time for the companyFor each zeekr files.
The display comes between the two private sectors as the Trump administration Explores the kick of Chinese companies American stock exchanges, part of a broader trade war that includes an introductory swamp between the United States and China.
On Tuesday, Geely offered to pay $ 25.66 for each ADS receipt for Americans, or $ 2.566 per ordinary share, which was 14 % higher than the Zekr closing price on Monday afternoon, in a deal estimated at the company of $ 6.5 billion. Ads holders can also choose to receive 12.3 newly released Geely shares for each ads.
Regardless of overcoming potential geopolitical embarrassment, Geely has a lot for Zekr Private and not much to lose. GEELY already has 65.7 % of Zeekr through its founder Li Shrufu. This means that Geely will only need to pay nearly $ 2.2 billion to get the rest. For this price, Geely Zekr can help accommodate the market strikes that come with the start of EV in a competitive market and protect their investments.
Zekr has not yet reached the results of the first quarter, but the company provided a total of 125250 cars via its brand-Zekr and lyk & Co-in the first four months of 2025.
Zekr works with the auto -governing car company in Waymo to build a Robotxi is made of purpose For widespread post in the United States, none of the company confirmed whether it would affect their business relationship if Geely would take the private company, although Waymo earlier this week shared plans to integrate its self -system into the Zeekr vehicle in it. The new Arizona facility Later this year.
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