Geely Auto, the group’s main listed arm, has offered $25.66 per American depositary share in Zeekr in cash or through the sale of new shares. With Geely already holding 65.7% of Zeekr, it needs to pay approximately $2.2 billion in cash for the remaining 34.3% share, according to calculations by Bernstein analysts. Geely Holding operates a diverse, broad array of vehicle brands including Zeekr, Lynk & Co, and Galaxy. The Zeekr brand, launched by Geely in early 2021, delivered nearly 474,000 all-electrics in four years as of April, although its monthly sales this year have remained flat at less than 15,000 units. The premium EV brand completed a merger with Lynk & Co in February, holding a 51% majority stake in its sister brand and creating another new group in addition to Geely Auto under Geely Holding.