As anticipated, Volvo sold its participation in Lynk & Co and in february 2025 Geely Holding Group has officially completed the integration of the brand with Zeekr.
This strategic move is aimed at optimizing resources and positioning the newly consolidated group as a key player in the global electric vehicle market.
Structure of the Integration
As part of the agreement, Lynk & Co will become a subsidiary of Zeekr, with Zeekr holding a 51% stake, while Geely retains the remaining 49%. This restructuring is expected to enhance efficiency and accelerate the development of new models and technologies.
The newly integrated Zeekr and Lynk & Co brands have set ambitious targets for 2025, aiming for a 40% increase in sales. The group plans to deliver 710,000 vehicles next year, with a broader objective of surpassing 1 million units sold by 2026.
Zeekr’s Premium Market Focus
Zeekr will continue to focus on the premium segment, targeting vehicles priced above 300,000 yuan (approximately €37,100). The brand is set to launch three new models in 2025, including the Zeekr 007 GT, a luxury SW, and a large plug-in hybrid SUV.
The company aims to reach 320,000 vehicle deliveries, building on its impressive 2024 performance of 222,123 units, an 87.15% increase from the previous year.
Lynk & Co’s Accessible Market Strategy
Lynk & Co, on the other hand, will position itself in a more accessible price range, focusing on vehicles priced above 200,000 yuan. The brand will expand its battery electric vehicle (BEV) lineup in the compact segment while maintaining plug-in hybrid powertrains for mid-size and large models. Two new models are expected to launch in 2025, with a sales target of 390,000 units—up from 285,441 deliveries in 2024, marking a 29.6% growth.
This integration is part of Geely’s broader strategy to streamline operations and enhance distribution channels. Lynk & Co will leverage Zeekr’s urban retail presence, while Zeekr will benefit from Lynk & Co’s established network in emerging markets.
By 2025, the group plans to open more than 200 new international stores and introduce key models such as the Lynk & Co 08 EM-P and the Zeekr 7X SUV to global markets. Currently, Lynk & Co operates in 39 countries, with 80,000 units exported, while Zeekr has expanded to over 40 international markets. Through this merger and an aggressive expansion strategy, Geely Holding aims to solidify its position as a dominant force in the evolving electrified automotive landscape.
