Geely moves to further integrate its automotive brands.

Geely is integrating its automotive brands by having its premium electric Zeekr brand take control of its sister Lynk & Co brand in China's competitive BEV sector. Zeekr will purchase Volvo Cars and Geely stakes in Lynk & Co to hold a 51% stake, with Geely Auto increasing its stake in Zeekr to approximately 62.8%. This move aims to improve industrial synergies, supply chain efficiency, and create a stronger global group while maintaining clear brand definitions and market segments. Geely Group's rapid growth includes brands like Volvo Cars, Polestar, Proton, and home-grown Geely, Zeekr, and Lynk & Co, with Zeekr leading innovation for electric and connected vehicles within the group. [Extracted from the article]