Zeekr has acquired control shares to integrate Lynk & Co into the business structure, establishing Zeekr Technology Group to pave the way for maximizing the resources of both brands. Thereby, reducing operating costs and expanding market reach.
Previously, Geely and Volvo owned 20% and 30% of Lynk & Co., respectively. However, Zeekr currently owns 51% while the remaining 49% belongs to Geely.
The merger is essentially a move to eliminate overlap between the two brands, as the new structure shows Zeekr focusing on providing mid-size and large-sized hybrid vehicles. On the other hand, Lynk & Co will provide small electric vehicles and sell hybrid vehicles in the mid- to large-sized segment.
The new company is expected to achieve sales of 710,000 vehicles in 2025 (including 320,000 vehicles from Zeekr and 390,000 vehicles from Lynk & Co). According to the plan, Zeekr will launch 3 new models in 2025, while Lynk & Co is also preparing to introduce 2 new models.
These models include the Zeekr 007 GT and the newly announced Lynk & Co 900 large SUV. This year, the Zeekr 7X electric SUV and the Lynk & Co 08 EM-P charging hybrid SUV will also be launched.
According to the company, Zeekr Technology Group will also cooperate in developing sales channels, taking advantage of Zeekr's experience in major cities and Zeekr's expanded network access of Lynk & Co in underdeveloped markets. To date, this electric vehicle brand has been present in many other markets such as the Middle East and Southeast Asia. The company also said that in 2025, it will aim to sell electric vehicles in Japan.
