On May 7, 2025, pre-market for ZEEKR in the US, $GEELY AUTO(00175.HK) Geely Automobile submitted a privatization proposal to $ZEEKR Intelligent Tech(ZK.US) ZEEKR. Dolphin Research summarized the key points of the announcement: 1) Core content: Geely Automobile currently holds approximately 65.7% of ZEEKR's shares, and Geely plans to acquire the remaining 34.4% from minority shareholders, making ZEEKR a wholly-owned subsidiary of Geely and delisting ZEEKR from the NYSE; 2) Acquisition price: Geely plans to acquire ZEEKR at $25.66 per share...

$ZEEKR Intelligent Tech(ZK.US) released its Q4 2024 financial report before the US stock market opened on March 20, 2025, Beijing time. Let's take a look at the important information: 1) Overall revenue was below market expectations: Q4 revenue was 22.78 billion, lower than the market expectation of 24.28 billion, with a difference of nearly 1.5 billion. However, the battery and component business declined by 1.3 billion compared to the previous quarter (due to a decrease in sales of battery packs and electric drive units and a drop in unit prices), although R&D and service businesses increased by 800 million quarter-on-quarter (due to the acceptance of a series of R&D projects at the end of the year, confirming the peak period) ...

ZEEKR released its third-quarter performance last night. The performance itself was predictable due to sales figures, and the sales trend has been quite good thanks to the launch of the new SUV 7X. The core incremental information shows a slight increase in the gross profit margin of the automotive business, which was also within expectations. Overall, the performance can be considered neither disappointing nor exciting, but the key issue arose when the company dropped a bombshell during the earnings call—ZEEKR plans to acquire a 51% stake and merge with Lynk & Co! Of course, if this were truly a tightly kept secret, it wouldn't be a problem. After all, in the eyes of Dolphin, reducing friction across businesses is a good thing...