Electric Vehicle

Geely Auto forms new electric car company Zeekr

Geely Auto Group announced the formation of Zeekr, to serve growing global demand for premium electric vehicles.

Zeekr will use Geely’s new SEA (Sustainable Experience Architecture) platform, and will include its own battery technologies, battery management systems, electric motor technologies and electric vehicle supply chain support. Initially, Zeekr will focused on the Chinese market but will also explore export opportunities to satisfy global market demand for premium electric vehicles.

Governance structure: Zeekr will be jointly owned by Geely Automobile Holdings and Zhejiang Geely Holding Group (ZGH) under a 51% and 49% share structure. Both parties have also agreed to inject 2 billion RMB (US$307 million) in capital into the company. Eric Li (Li Shufu) will become the chairman of the new company whilst An Conghui will become the Chief Executive Officer.

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