(Bangkok) 25 February 2025 – ZEEKR Intelligent Technology Holdings Co., Ltd. (ZEEKR Group), a leading premium electric vehicle company under Geely Holding Group, has officially announced its merger with Lynk & Co under a transfer of rights from Geely. This transaction aims to enhance global competitiveness and improve operational efficiency.
The merger of ZEEKR and Lynk & Co is primarily intended to foster cooperation and build a manufacturing group for premium EVs and new energy vehicles. The enlarged company also offers greater value and choice to consumers through a product lineup which includes battery electric vehicles (BEV), internal combustion engine vehicles (ICE) and plug-in hybrid electric vehicles (PHEV), with millions of users worldwide expected in 2026. This merger is also expected to help reduce costs in various areas, including research and development, services, and production. It is anticipated that R&D costs will decrease by 10-20%, supply chain costs will be reduced by 5-8%, production capacity utilization will increase by 3-5%, and expenses for support and service functions will decrease by 10-20%. Additionally, the merger will enable broader expansion of the new energy vehicle market, with the product range covering both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), priced between 150,000 and 800,000 yuan, which accounts for 60% of the passenger car market.
After the merger, ZEEKR and Lynk & Co will continue to maintain their brand identity and product lines, as well as their respective market positions, to provide consumers with an exceptional driving experience.
ZEEKR operates as a global luxury technology brand, focusing on luxury, performance, and advanced technology, offering products in the medium to large vehicle segments. The medium-sized vehicles will primarily focus on electric vehicles (EVs), while the large vehicles will focus on hybrid vehicles (Hybrids).
Lynk & Co will maintain its premium brand appeal with new energy vehicles, emphasizing modernity, sportiness, and unique character, focusing on products in the small to medium-sized vehicle segments. The small vehicles will focus on electric vehicles (EVs), while the medium-sized vehicles will focus on hybrid vehicles (Hybrids).
In 2025, ZEEKR and Lynk & Co plan to launch new vehicles in international markets. ZEEKR is preparing to debut the ZEEKR 7X, a 5-seat premium electric SUV with 800V battery technology, while Lynk & Co is set to introduce the Lynk & Co 08 EM-P, a plug-in hybrid electric SUV.
ZEEKR Group Is dedicated to achieve leadership in electric vehicles worldwide with a sales target of 710,000 units by the end of 2026, made up of 320,000 units for ZEEKR and 390,000 units for Lynk & Co. Expanding the service center network to over 200 locations worldwide. After the integration, each market will operate under a 'One Market, One Strategy' approach, tailoring rules and strategies to align with local consumer preferences and market characteristics.
About ZEEKR Group
ZEEKR Group, headquartered in Zhejiang Province, China, is a leading global premium new energy vehicle manufacturer under Geely Holding Group. The group operates two main brands: ZEEKR and Lynk & Co. The company is committed to creating an ecosystem with innovation at its core, focusing on the development of software, electric vehicle drivetrains, and electric vehicle supply chains. By leveraging world-class expertise and cutting-edge technology, the group aims to create solutions for every driver. The core values upheld by the company are equality, diversity, and sustainability, with the goal of becoming a global leader in cutting-edge new energy mobility solutions.
Additional info
About ZEEKR
ZEEKR (NYSE: ZK) is a global premium electric vehicle technology brand under Geely Holding Group, committed to creating an ecosystem for users that integrates cutting-edge technology and innovation at its core. The brand utilizes Sustainable Experience Architecture (SEA) and develops its own battery technology, battery management systems, electric motors, and electric vehicle supply chains. ZEEKR's core values are equality, diversity, and sustainability, with the goal of becoming a global leader in cutting-edge new energy mobility solutions.
ZEEKR has research and development (R&D) centers and design studios located in Gothenburg, Ningbo, Hangzhou, and Shanghai, along with modern manufacturing facilities and a team of world-class experts. Since the first vehicle deliveries in October 2021, ZEEKR has delivered over 400,000 vehicles, including models such as the ZEEKR 001, ZEEKR 001 FR, ZEEKR 009, ZEEKR X, ZEEKR 007, ZEEKR 7X, and ZEEKR MIX. In addition, ZEEKR has announced plans to expand its market presence across various regions worldwide, with a growth strategy over the next five years to meet the rapidly growing global demand for electric vehicles.
Current Lineup of ZEEKR (all BEV)
ZEEKR 001/001 FR (2021–present), Premium shooting brake
ZEEKR 007 (2023–present), Luxury sedan
ZEEKR 009/009 Grand (2023–present,RHD), Luxury MPV
ZEEKR X (2023–present,RHD*), Premium urban SUV
ZEEKR 7X (2024–present), Premium five-seater SUV
ZEEKR Mix (2024–present), All-scenario super cabin
ZEEKR 007 GT (upcoming), Shooting brake
*RHD = right-hand drive
About Lynk & Co
Lynk & Co is a global premium automotive brand under Geely Holding Group, founded in 2016. To date, it has delivered over 1.3 million vehicles, offering a wide range of drivetrain options and vehicle sizes to meet the diverse needs of customers. The brand focuses on developing high-performance, cutting-edge, safe, and cost-effective vehicles.
Lynk & Co is not just a car manufacturer; it is a provider of advanced mobility solutions, offering a variety of ownership options including subscription, rental, purchase, and car sharing. The brand is a leader in car sharing in Europe and is rapidly expanding into emerging markets such as the Middle East, North Africa, and Southeast Asia. Lynk & Co is committed to blending distinctive design, groundbreaking innovation, and smart connectivity technology to deliver an advanced driving experience to consumers worldwide.
Current Lineup of Lynk & Co (ICE, HEV, PHEV, and BEV)
Lynk & Co 01 (2017–present), Compact SUV
Lynk & Co 03 (2018–present), Compact sedan
Lynk & Co 05 (2019–present), Compact coupe SUV
Lynk & Co 06 (2020–present), Subcompact SUV
Lynk & Co 07 (2024–present), Mid-size sedan
Lynk & Co 08 (2023–present), Mid-size SUV
Lynk & Co 09 (2021–present), Mid-size SUV
Lynk & Co Z10 (2024–present), Full-size sedan, BEV
Lynk & Co Z20 (2024–present), Compact SUV, BEV
Lynk & Co 900 (upcoming), Full-size SUV