Categories: Auto News

Zeekr has a subsidiary of Volvo technology

The merger of Zeekr and Lynk & Co is officially confirmed, and the leading role with a younger brand. From now on, 51% of Lynk & Co capital belongs to Zeekr, and Geely remains 49% of the shares, that is, de facto Lynk & Co has turned into a Zeekr subsidiary. Internal competition will be minimized: models more than 300 thousand yuan (41 thousand dollars) will be assigned to Zeekr, cheaper than this mark – for Lynk & Co.

The Zeekr Technology group expects to gain a benefit from synergy: the effectiveness of research and development work will increase by 15%, management efficiency-by 20%. ZEEKR and LYNK & Co will use each other dealer centers, and two brands will have a common representative office abroad. In 2025, the alliance counts on a 40 percent increase in sales (up to 710 thousand cars), and in the future it is planned to produce a million cars annually.

The Chinese appreciated the real margin of Zeekr, Li Xiang and Voyah on the roof of the new Zeekr Mix dropped a load weighing 2.2 tons, and why did Zeekr 001 towed a 51-ton dump truck: the process was shot on the video

Interestingly, the association of Zeekr and Lynk & Co did not affect the grocery plans: for example, the “senior” brand in 2025 wants to release three new products (007 GT and two crossovers). As for the flagship crossover Lynk & Co 900, he does not threaten his oblivion, although formally he plays in the price range of Zeekr. However, in the future, a subsidiary will focus on more affordable and mass machines.

Geely does not plan to separate brands by type of power plants: both ZEEKR and LYNK & Co will produce both connected hybrids and electric cars. But the support on Volvo technology will gradually remain in the past: the Swedish company will sell 30% of ZEEKR shares, and more progressive platforms will be the basis of future new products.

A pinch of greenery: cool hybrids

Recent Posts

18 billion rubles will be invested in UAZ production on UAZ

The Ulyanovsk Automobile Plant spoke about the upcoming transformation, which should become the largest in…

Cheaper Tesla: Xiaomi launched sales of the Yu7 crossover

Xiaomi brought to the Chinese market its second car - the Yu7 Electrocros, which will…

Xiaomi Su7 Ultra turned out to be faster than Mercedes-AMG ONE on nourburgering

Pilot David Pittard Driving the prototype of the Chinese electric car passed the legendary German…

Rare machines, industrial architecture and city weekend with character

From July 5 to 6, OldScoolshow will be held at the Ryabov Manufactory - an…

In Russia, Hongqi vehicles will be manufactured

Rumors about the localization of cars of the Chinese premium markes have been going on…

The GAC GS8 Dragon crossover was appreciated in rubles

GAC is preparing to bring to the Russian market a new version of the flagship…