Zeekr and Lynk & Co Merge to Ignite a New Era in High-End Electric Vehicles
A significant consolidation within China's automotive industry is unfolding as Zeekr Intelligent Technology Holding Limited and Geely Automobile Holdings Limited recently announced the successful acquisition of Lynk & Co by Zeekr. This move signifies the merger of the two brands under a new entity, Zeekr Technology Group, marking a comprehensive integration from organizational management to R&D and manufacturing, setting a new benchmark in the new energy vehicle market.
The rapid completion of this "lightning merger" within just three months after the announcement reflects the companies' swift adaptability in an increasingly competitive market. With the formation of Zeekr Technology Group, both parties aim to achieve efficient collaboration in product development, manufacturing systems, and user operations, striving for competitiveness through intelligent breakthroughs.
Renowned for its high-end new energy offerings, Zeekr focuses on the market for vehicles priced above 300,000 yuan, particularly mid-to-large and all-electric vehicles. Lynk & Co targets the market above 200,000 yuan, planning to launch its first all-electric model. The merger seeks to eliminate previous internal competition due to product overlap, optimize resource allocation, and realize mutual benefits.
Zeekr Technology Group’s CEO, Andy An, has a clear vision—to achieve a production and sales goal of 710,000 vehicles by 2025, aiming to lead the global new energy vehicle market. As traditional car manufacturers increasingly embrace electrification, the merger of Zeekr and Lynk & Co enhances Geely Automobile's competitive edge, creating differentiated competition to tackle external challenges collectively.
This integration represents more than a mere business strategy; it signals an anticipation of future mobility trends. With a strategic focus on all-electric and hybrid power, the joint future endeavors of Zeekr and Lynk & Co are poised to spearhead the new energy vehicle industry in China and beyond, redefining standards in the high-end automotive market.