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Strategic Merger Positions Zeekr and Lynk & Co for Unprecedented Global Expansion
Zeekr (NYSE: ZK) has completed a strategic integration with Lynk & Co, marking a significant milestone in its journey toward becoming a high-volume automotive powerhouse. This transformative move, finalized through key agreements with Geely entities, grants Zeekr a 51% stake in Lynk & Co while Geely retains the remaining 49%. The merger is set to propel both brands toward an ambitious annual sales milestone of one million vehicles.
Reshaping the Future of Premium and Hybrid Mobility
Originally launched in 2017 as a joint venture between Geely Auto and Volvo Cars, Lynk & Co is now an indirect, non-wholly owned subsidiary of Zeekr. The integration restructures previous ownership, where Ningbo Geely held 50%, Geely Holding 20%, and Volvo Cars 30%. Post-merger, Zeekr’s operational framework remains under Zeekr Intelligent Technology Holding Limited, ensuring continuity while fostering innovation and expansion.
Zeekr and Lynk & Co have set an aggressive growth target of 40% for 2025, with a combined goal of selling 710,000 vehicles by year’s end. Zeekr envisions establishing itself as the world’s premier premium-luxury new energy vehicle (NEV) group, aiming to reshape the premium automotive segment both in China and globally.
Under the new structure, Zeekr will continue focusing on vehicles priced at $41,170 and above, emphasizing mid-size battery electric vehicles (BEVs) and large hybrid models. Meanwhile, Lynk & Co will target the $27,440 and above segment, prioritizing small BEVs while advancing hybrid technology in its medium and large car offerings.
Product Expansion and Market Strategy
Zeekr plans to introduce three new models in 2025, targeting full-year sales of 320,000 units. The company recorded 222,123 vehicle deliveries in 2024, reflecting an impressive 87.15% year-over-year growth. The upcoming lineup includes:
Zeekr 007 GT – Set for launch in Q2 2025.
Full-size flagship SUV – Expected in Q3, featuring advanced super-electric hybrid technology.
Large luxury SUV – Scheduled for Q4, reinforcing Zeekr’s premium positioning.
Similarly, Lynk & Co will launch two new models in 2025, with a sales target of 390,000 units. The brand delivered 285,441 vehicles in 2024, marking a 29.6% increase from the previous year. Key releases include:
Lynk & Co 900 – Debuting in Q2, it will be the world’s first production vehicle powered by Nvidia’s Thor chip. This flagship plug-in hybrid SUV was first unveiled in Shanghai on January 3.
Global Expansion and Market Synergy
The merger aligns with Geely Holding’s Taizhou Declaration, an initiative aimed at reducing redundancies and streamlining resources across its automotive brands. Zeekr and Lynk & Co will leverage each other’s strengths in distribution and sales:
Lynk & Co will tap into Zeekr’s established presence in Tier 1 cities.
Zeekr will benefit from Lynk & Co’s strong market foothold in emerging regions.
Outside China, both brands plan to consolidate their global channel operations, establish a unified sales structure, and streamline market entry strategies. The integration will see overseas teams working collaboratively on research and development, marketing, service, and distribution to enhance operational efficiency.
By 2025, Zeekr and Lynk & Co aim to operate over 200 international stores. Key upcoming international launches include the Lynk & Co 08 EM-P and the Zeekr 7X SUV. Currently, Lynk & Co has shipped over 80,000 units abroad, expanding into 39 global markets, while Zeekr has already established its footprint in more than 40 countries and regions.
A Vision for the Future of Mobility
With this strategic integration, Zeekr and Lynk & Co are redefining the global automotive industry by blending premium electric mobility with cutting-edge hybrid technology. The merger positions both brands for unprecedented growth, setting a new standard for sustainable and intelligent mobility solutions. As they work toward their million-unit sales milestone, Zeekr and Lynk & Co are not just driving forward—they are revolutionizing the future of mobility.
