ZEEKR Intelligent Technology Holding Limited Sponsored ADR (ZK) has released an update.
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ZEEKR Intelligent Technology has announced strategic integration transactions with Geely entities to enhance its control over LYNK & CO by acquiring a significant stake and injecting capital. This move aims to consolidate LYNK & CO’s financial results into ZEEKR’s statements, bolstering its position in the electric vehicle market. The transactions are expected to be funded through cash reserves and external financing.
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