ZEEKR Intelligent Technology Holding Limited Sponsored ADR ( (ZK) ) has issued an announcement.
ZEEKR Intelligent Technology Holding Limited completed strategic integration transactions with entities within the Geely group, including acquiring a significant stake in LYNK & CO. The transactions, finalized on February 14, 2025, involved Zhejiang Zeekr acquiring equity from Volvo Car (China) Investment Co., Ltd. and Geely Holding, resulting in Zeekr owning 51% of LYNK & CO. This move is expected to strengthen Zeekr’s position in the automotive industry, although the financial data provided suggests that the integration’s full impact on cost savings and synergies is yet to be realized.
More about ZEEKR Intelligent Technology Holding Limited Sponsored ADR
ZEEKR Intelligent Technology Holding Limited, also known as Zeekr Group, operates in the automotive industry, focusing on the development and production of intelligent electric vehicles. The company is a part of the Geely group and is involved in strategic integrations to enhance its market presence.
YTD Price Performance: 4.13%
Average Trading Volume: 633,403
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.12B
For a thorough assessment of ZK stock, go to TipRanks’ Stock Analysis page.