China’s Geely moves to take EV startup Zeekr private amid trade war with US

The Chinese Geely Auto wants to take off its luxury EV unit Zeek from New York Stock Exchange a year after The company’s debut procedureby Zeekr subjugation.

Acceptance offer comes as Trump administration explores Chinese companies The American Stock Exchange, part of the wider trade war that includes what has become a tariff climate between the US -ai China.

On Tuesday, Geely offered to pay $ 25.66 upon receipt of the US deposit (ADS), or $ 2,566 per usual share, which was about 14% higher than the closing price of Zeekr’s price, Monday afternoon, in an agreement that is a company at $ 6.5 billion. The advertisement owners can also decide to accommodate 12.3 new geely shares per ad.

In addition to skipping potential geopolitical clumsiness, Geely has a lot to get Zeekr private and not much to lose. Geely already owns 65.7% of Zeekr through his founder of Shuf. This means that Geely should only pay approximately $ 2.2 billion to acquire the rest. For this price, Geely could help Zekru to absorb market kicks that come with EV in the competitive market and protect their investment.

Zeekr has not yet reported on the results in the first quarter, but the company delivered a total of 125,250 vehicles in its two brands-ZEKR and Lynk & CO for the first four months of 2025.

Zeekr cooperates with the Waymo autonomous vehicle on construction a purposely built robotaxes For a large exchange in the US, no company confirmed whether to influence their employment if Geely takes the company privately, although Waymo shared plans earlier this week to integrate its self-driven system in Zekr on its New Arizona institution later this year.