HONG KONG/SHANGHAI :Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said.It's the first big restructuring move in a sweeping overhaul planned by Geely Holding, the parent company of all th

Channel News Asia

Singapore

Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say

Media Bias/Fact Check

Government of Singapore

Volvo Cars is selling its 30 percent stake in carmaker Lynk. Buyers are Chinese Zeekr. The purchase amount amounts to approximately SEK 8 billion, according to a press release. Volvo Cars has been a partner in Lynk since the company was founded in 2017. “Volvo Cars will continue to focus on operational partnerships with Lynk & Co in selected markets where it...

Volvo Cars säljer sin 30-procentiga andel i biltillverkaren Lynk. Köpare är kinesiska Zeekr. Köpesumman uppgår till cirka 8 miljarder kronor, enligt ett pressmeddelande. Volvo Cars har varit delägare i Lynk sedan bolaget bildades 2017. ”Volvo Cars kommer att fortsätta att fokusera på operativa samarbeten med Lynk & Co på utvalda marknader där de...

Volvo Cars säljer andel i Lynk för 8 miljarder

Svenska Dagbladet

Schibsted

Stockholm

Stockholm County

Sweden

Volvo Cars sells stake in Lynk for $8 billion

HONG KONG -- Chinese auto giant Geely Holding Group will merge its Lynk & Co and Zeekr brands as part of the company's ongoing effort to streamlin

Nikkei

Nikkei, Inc.

Japan

China's Geely to merge Lynk and Zeekr brands amid fierce EV battle

Volvo Cars is selling its 30 percent stake in automaker Lynk. Copy their Chinese Zeekr. The purchase price amounts to about 8 billion kronor, according to a press release.

Volvo Cars säljer sin 30-procentiga andel i biltillverkaren Lynk. Köpare är kinesiska Zeekr. Köpesumman uppgår till cirka 8 miljarder kronor, enligt ett pressmeddelande.

Volvo Cars säljer andel i Lynk

Dagens Nyheter.

Bonnier Group

Volvo Cars sells stake in Lynk

By Gergely Szakacs BUDAPEST (Reuters) –     If U.S. President-elect Donald Trump delivers on a pledge to hit European imports with tariffs, Hungary will feel the effects “exponentially” because of its German trade links, a top business leader said on Thursday. Germany is expected to be more affected by any U.S. tariffs than other euro area members, Nomura forecasts, which will have a knock on effect on Central Europe given its deep trade ties. T…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

United States

Central Europe to feel impact of any US tariff hit to Germany - Blue Water Healthy Living

Geely, leader in the electric car market in China, started a restructuring to improve operational efficiency and reduce costs. The luxury brand Zeekr will take control of Lynk & Co., forming a new electric vehicle manufacturing unit. The goal is to exceed one million sales annually. The electric car industry in China continues to consolidate. Just go out onto the streets in almost any country to see how there are more and more models. In that sc…

Geely, líder en el mercado de autos eléctricos en China, inició una reestructuración para mejorar la eficiencia operativa y reducir costos. La marca de lujo Zeekr tomará control de Lynk & Co., formando una nueva unidad de fabricación de vehículos eléctricos. El objetivo es superar un millón de ventas anuales.    La industria de autos eléctricos en China se sigue consolidando. Basta con salir a la calle en casi cualquier país para ver cómo hay ca…

Marcas chinas de autos eléctricos: importantes cambios en Geely, Zeekr y Lynk

Revista Merca2.0

Chinese electric car brands: important changes in Geely, Zeekr and Lynk

CHINA’S Geely said on Thursday (Nov 14) its premium electric vehicle maker Zeekr plans to take control of Lynk, a sister brand...

Business Times

In major Geely shake-up, EV brand Zeekr to take control of Lynk

Geely is reportedly working to merge the Lynk & Co and Zeekr brands for a more focused approach towards the new energy vehicle market, according to sources cited by Economic Daily. The planned consolidation aims to reduce internal competition between the group’s brands and cannibalisation of sales, and ultimately improve Geely’s competitiveness.  This consolidation will see Zeekr purchase the 30% controlling stake in Lynk & Co held by Volvo and …

Paul Tan's Automotive News

Zeekr to be merged with Lynk & Co – Geely's EV brand to purchase controlling stake, lead car development

Zeekr, the premium electric car brand of the China giant Geely Holding Group, announced Thursday it plans to take a 51% controlling stake in Lynk & Co as part of a restructuring aimed at consolidating resources and "accelerating operational synergies."

ELECTRIC VEHICLES

Geely Brand Zeekr to Acquire Majority Stake in Lynk & Co

Confused about the difference between Zeekr and Lynk & Co? Well, don’t worry. It’s going to be simpler from now on as parent company Geely will integrate these two brands aimed at eliminating duplication and saving costs.Read More »

Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics