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In China, the merger of Zeekr and Lynk & Co was officially confirmed, with the younger brand taking the lead. From now on, 51% of Lynk&Co's capital belongs to Zeekr, and 49% of the shares remain with Geely, that is, de facto Lynk&Co has become a subsidiary of Zeekr. Internal competition will be minimized: models more expensive than $41 will be assigned to Zeekr, and models cheaper than this mark will be assigned to Lynk & Co.
Zeekr Technology Group expects to benefit from synergies: the efficiency of research and development work will increase by 15%, and management efficiency - by 20%. Zeekr and Lynk & Co will use each other's dealerships, and the two brands will have a joint representation abroad. In 2025, the alliance expects a 40% increase in sales (up to 710 thousand cars), and in the future it is planned to produce one million cars annually.
Interestingly, the merger of Zeekr and Lynk & Co did not affect product plans: for example, the “senior” brand wants to release three new products in 2025. Geely does not plan to separate brands by type of powertrain: both Zeekr and Lynk & Co will produce both hybrids and electric vehicles. However, reliance on Volvo technology will gradually become a thing of the past: the Swedish company will sell 30% of Zeekr shares, and more advanced platforms will become the basis of future new products.
