Chinese car makers Zeekr (ZK.US) and Geely Auto (0175.HK) made separate announcements on Friday, announcing that Zeekr has completed the Lynk & Co acquisition and capital injection, formally controlling Lynk & Co with a 51% stake.

This is only three months after the announcement of the strategic integration between Zeekr and Lynk & Co on November 14, 2024.

At the same time, Zeekr Technology Group was officially announced, which includes two new energy vehicle brands, Zeekr and Lynk & Co.

Zeekr, Geely and Lynk & Co are all part of Geely Group, a major Chinese automotive group.

An Conghui, CEO of Zeekr Technology Group, said that in January 2025, the total sales of Zeekr Technology Group exceeded 42,000 units, ranking first in China’s new high-end luxury cars, and the number of global users has now exceeded 1.8 million.

He revealed that the group will launch five all-new models this year, four of which are hybrids, mainly mid-size and large SUVs.

Zeekr Technology Group expects to reach an annual sales target of 710,000 units in 2025, realizing a growth rate of 40%, with 390,000 units from Lynk & Co and 320,000 units from Zeekr.

In addition, Lynk & Co and Zeekr plan to open more than 200 stores overseas by 2025, according to Chinese media reports.

Outside the European market, Lynk & Co and Zeekr will strengthen the global channel construction synergy, set up a unified sales company and establish a unified market access mechanism.