China’s Geely is officially bringing its luxury EV startup Zeekr private
China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange. The news comes two months after Geely offered to take Zeekr private, following President Donald Trump’s threats earlier this year to delist Chinese stocks from U.S. exchanges. When the merger closes, Zeekr shareholders will receive either $2.69 in cash per share or 1.23 newly issued Geely shares for each Zeekr share they own, per a regulator