Geely Automobile Holdings (HK:0175) has released an update.
Geely Automobile Holdings is making strategic moves by acquiring significant stakes in Lynk & Co through its subsidiary Zhejiang ZEEKR, solidifying its influence with a 51% ownership. The transactions, valued at billions of RMB, are aimed at integrating and consolidating Lynk & Co’s operations under ZEEKR and enhancing its new energy vehicle technology. This move is expected to impact Geely’s financial performance as Lynk & Co’s results will now be included in the Group’s financial statements.
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