Zeekr and Lynk & Co Unite: A Bold Step Toward a Million-Unit Automotive Empire

Zeekr (NYSE: ZK) has finalized a strategic integration with Lynk & Co, marking a significant step toward forming a high-volume automotive powerhouse. With this merger, Zeekr’s CEO outlined ambitious product plans aimed at leveraging the combined strength of both brands to achieve an annual sales milestone of one million vehicles.

The company confirmed the completion of these transactions with Geely entities, officially making Lynk & Co an indirect, non-wholly owned subsidiary. This move follows a series of agreements announced on November 14, granting Zeekr a 51% stake in Lynk & Co, while Geely retains the remaining 49%. Originally launched in 2017 as a joint venture between Geely Auto and Volvo Cars, Lynk & Co now joins Zeekr, which was founded in 2021.

Before the integration, Lynk & Co’s ownership was divided among Ningbo Geely, a wholly owned subsidiary of Geely Automobile Holdings Limited (HKG: 0175), which held 50%, Geely Holding with 20%, and Volvo Cars with 30%. Post-merger, Zeekr’s operational structure remains intact under Zeekr Intelligent Technology Holding Limited.

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. Looking ahead, Zeekr aims to establish itself as the world’s premier premium-luxury new energy vehicle (NEV) group, with an ambitious annual sales goal of one million units within two years. The company envisions reshaping the premium-luxury automotive landscape both in China and globally.

Zeekr will maintain its focus on vehicles priced at $41,170 and above, prioritizing mid-size battery electric vehicles (BEVs) and large hybrid models. Meanwhile, Lynk & Co will target the $27,440 and above market, with an emphasis on small BEVs, while its medium and large cars will concentrate on hybrid technology.

Zeekr plans to introduce three new models in 2025, with a full-year sales target of 320,000 units. The company recorded 222,123 vehicle deliveries in 2024, reflecting an 87.15% increase from the previous year. The upcoming launches include the Zeekr 007 GT in the second quarter, a full-size flagship SUV in the third, and a large luxury SUV in the fourth—both SUVs featuring advanced super-electric hybrid technology.

Lynk & Co is also set to roll out two new models in 2025, with a sales target of 390,000 units for the year. The brand delivered 285,441 vehicles in 2024, marking a 29.6% rise from 2023. Among the anticipated releases is the Lynk & Co 900, scheduled for the second quarter as the world’s first production vehicle equipped with Nvidia’s Thor chip. This flagship plug-in hybrid SUV made its debut in Shanghai on January 3.

The merger aligns with Geely Holding’s broader Taizhou Declaration, which focuses on reducing internal redundancies and streamlining resource integration. The synergy between Zeekr and Lynk & Co will extend to channel development, with Lynk & Co capitalizing on Zeekr’s expertise in Tier 1 cities, while Zeekr benefits from Lynk & Co’s strong presence in emerging markets.

The collaboration will also extend beyond China. Outside of Europe, the brands plan to consolidate global channel operations, establish a unified sales structure, and implement a standardized market entry strategy. Their overseas teams will merge efforts in research and development, marketing, service, and distribution to enhance operational efficiency.

By 2025, Zeekr and Lynk & Co aim to have more than 200 international stores. Notable upcoming launches in overseas markets include the Lynk & Co 08 EM-P and Zeekr 7X SUV. Lynk & Co has already shipped over 80,000 units abroad, entering 39 key global markets, while Zeekr has expanded into more than 40 countries and regions.

With this integration, Zeekr and Lynk & Co are poised to redefine the global automotive landscape, blending premium electric mobility with cutting-edge hybrid technology to meet the evolving demands of consumers worldwide.

Have you read?
World’s Best Countries To Invest In Or Do Business.
World’s Most Startup-Friendly Countries.
World’s Best Countries For Quality of Life.
Largest Economies Europe In 2024.
GDP of the BRICS countries (2000 to 2028).