19:32 May 07 2025

Geely Automobile plans to privatize its unit Zeekr by acquiring all the Chinese NEV maker's issued and outstanding American depositary shares, the Chinese auto maker said today. Geely held 65.7% of Zeekr's total issued and outstanding share capital as of today. Zeekr's stock soared more than 10% in premarket trading in New York today.

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