Latest news with #newenergyvehicle
Auto Car
8 hours ago
- Automotive
- Auto Car
Bold new (Amp)era: inside the new generation of range-extender engines
Scharrer sees huge market potential in areas where charging infrastructure remains a barrier to EV sales success. 'I hear comments that this is a very short-term technology and that regulations aren't following,' he laments. 'But if you have a car capable of going 155 miles fully electric, then it has a range-extender for the countryside, why should you be banned from driving it in the city? 'We involve ourselves as much as we can in regulatory discussions. In China, to keep the status of a 'new-energy vehicle' [EVs and plug-in hybrids], you must not connect the internal combustion engine to the wheels. The EU has not finally decided what to do with range-extenders, but I think they realise that this is an interesting opportunity to offer a product which is less dependent on rare materials and cell chemistry because you need a significantly smaller battery. 'They want to understand what the pros and cons are. The whole mobility community is ready for these discussions, because we need them. The past regulation of BEVs has shown that we cannot push things into the market against the customers' will. The easier a solution is, the higher its chance of surviving a long time. And this is quite an easy solution. I personally expect that we will see it beyond the next five to 10 years. I think there will be plenty of applications which really excite people.'
Yahoo
6 days ago
- Automotive
- Yahoo
Zeekr Group to Report Second Quarter 2025 Financial Results on August 14, 2025
HANGZHOU, China, July 16, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2025, before the U.S. markets open on Thursday, August 14, 2025. About Zeekr Group Zeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain and electric vehicle supply chain. Zeekr Group's values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider. For more information, please visit Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "future," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law. Investor Relations Contact In China: ZEEKR Intelligent Technology Holding LimitedInvestor RelationsEmail: ir@ Piacente Financial CommunicationsTel: +86-10-6508-0677Email: Zeekr@ In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050Email: Zeekr@ Media Contact Email: Globalcomms@ View original content: SOURCE ZEEKR Intelligent Technology Holding Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Automotive
- Yahoo
Zeekr Group Enters into Definitive Merger Agreement for Acquisition Transaction
HANGZHOU, China, July 15, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Geely Automobile Holdings Limited ("Geely") and Keystone Mergersub Limited ("Merger Sub"), an indirect wholly-owned subsidiary of Geely. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and becoming a wholly-owned subsidiary of Geely (the "Merger"). Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each ordinary share, par value US$0.0002 per share, of the Company (each, a "Zeekr Share") issued and outstanding immediately prior to the Effective Time, will be cancelled and cease to exist, in exchange for the right to receive, without interest, (i) US$2.687 in cash per Zeekr Share or (ii) 1.23 newly issued ordinary shares of Geely of a nominal value of HK$0.02 each (each, a "Geely Share") per Zeekr Share, in each case, at the Company's shareholders election, and each American depositary share of the Company (each, a "Zeekr ADS", representing ten Zeekr Shares) issued and outstanding immediately prior to the Effective Time will be cancelled and cease to exist, in exchange for the right to receive, without interest, (i) US$26.87 in cash per Zeekr ADS (the "Per ADS Cash Consideration") or (ii) 12.3 newly issued Geely Shares per Zeekr ADS, which will be delivered in the form of American depositary shares of Geely (each representing twenty Geely Shares), in each case, at the Company's ADS holders' election, other than the Excluded Shares, the Dissenting Shares and the Purported Dissenting Shares (each as defined in the Merger Agreement) (including Zeekr Shares represented by Zeekr ADSs). Each Zeekr Share or Zeekr ADS held by a Hong Kong Non-Professional Investor (as defined in the Merger Agreement), however, will be cancelled in exchange for the right to receive US$2.687 in cash for each Zeekr Share or US$26.87 in cash for each Zeekr ADS, and will not be exchanged for the right to receive any Geely Shares. The Per ADS Cash Consideration represents a premium of approximately 18.9% to the closing price of Zeekr ADSs on May 6, 2025, the last trading day prior to the public disclosure of the acquisition proposal, and a premium of approximately 25.6% to the volume-weighted average closing price of Zeekr ADSs during the last 30 trading days prior to the public disclosure of the acquisition proposal. The cash merger consideration will be funded through Geely's internal resources, or if necessary, debt financing. The stock merger consideration will be in the form of Geely Shares (including Geely Shares represented by Geely ADSs) newly issued by Geely in connection with the Merger. The Company's board of directors, acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the board of directors (the "Special Committee"), approved the Merger Agreement and the Merger and resolved to recommend that the Company's shareholders vote to authorize and approve the Merger and certain related matters. The Special Committee evaluated and negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors. The Merger, which is currently expected to close in the fourth quarter of 2025, is subject to customary closing conditions, including (i) approval of the Merger by the affirmative vote of shareholders representing two-thirds or more of Zeekr Shares (including Zeekr Shares represented by Zeekr ADSs) present and voting in person or by proxy as a single class at a meeting of the Company's shareholders, and (ii) approval of the Merger and the other transactions contemplated under the Merger Agreement by the affirmative vote of shareholders representing more than 50% of Geely Shares held by independent shareholders present at a meeting of the Geely's shareholders. Geely has agreed to vote all Zeekr Shares it and its subsidiaries beneficially own, which represent approximately 65.2% of the voting rights attached to the outstanding Zeekr Shares as of the date of the Merger Agreement, in favor of the authorization and approval of the Merger and the other transactions contemplated under the Merger Agreement. If completed, the Merger will result in the Company becoming a privately held company wholly owned by Geely and the Zeekr ADSs will no longer be listed on the New York Stock Exchange. Kroll, LLC (operating through its Duff & Phelps Opinions Practice) is serving as financial advisor to the Special Committee. Simpson Thacher & Bartlett LLP is serving as U.S. legal counsel to the Special Committee. Davis Polk & Wardwell LLP is serving as U.S. legal counsel to the Company. Ogier is serving as Cayman Islands legal counsel to the Special Committee. Citigroup Global Markets Asia Limited is serving as financial advisor to Geely. Latham & Watkins LLP is serving as U.S. legal counsel to Geely. Maples and Calder (Hong Kong) LLP is serving as Cayman Islands legal counsel to Geely. Additional Information About the Merger The Company will furnish to the U.S. Securities and Exchange Commission (the "SEC") a current report on Form 6-K regarding the Merger, which will include as an exhibit thereto the Merger Agreement. All parties desiring details regarding the Merger are urged to review these documents, which will be available at the SEC's website ( The Merger relates to the securities of two Cayman Islands companies and will be implemented and is subject to procedural and disclosure requirements that are different from those of the United States. The Geely Shares to be issued by Geely in connection with the Merger will be issued without registration under the U.S. Securities Act pursuant to the exemption provided by Rule 802 promulgated under the U.S. Securities Act. The Company, Geely and any of their affiliates participating in the Merger will be exempt from the requirements of Rule 13e-3 promulgated under the U.S. Securities Exchange Act (including with respect to the requirement that a Schedule 13E-3 be filed with the SEC) pursuant to the exemption provided by Rule 13e-3(g)(6). In connection with the Merger, the Company will prepare and mail to its shareholders a proxy statement that will include a copy of the Merger Agreement. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT REGARDING THE MERGER WHEN IT BECOMES AVAILABLE AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND RELATED MATTERS. In addition to receiving the proxy statement by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the Merger and related matters, without charge, from the SEC's website ( This announcement is neither a solicitation of proxy, an offer to purchase nor a solicitation of an offer to sell any securities, and it is not a substitute for any proxy statement or other materials that may be filed with or furnished to the SEC should the proposed merger proceed. About Zeekr Group Zeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain. Zeekr Group's values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider. For more information, please visit Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "future," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law. Investor Relations Contact In China: ZEEKR Intelligent Technology Holding LimitedInvestor RelationsEmail: ir@ Piacente Financial CommunicationsTel: +86-10-6508-0677Email: Zeekr@ In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050Email: Zeekr@ Media Contact Email: Globalcomms@ View original content: SOURCE ZEEKR Intelligent Technology Holding Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Automotive
- Yahoo
Geely Auto expands in Poland with presale of Geely EX5
Geely Auto has entered the Polish market with the presale of the Geely EX5, its pure electric SUV model. The new energy vehicle, known for its 'user-friendly driving experience' and modern design, is set for sale in the third quarter of this year. Geely said that a flagship showroom is slated to open this October, with openings of an additional 10 confirmed dealership outlets prior to the end of 2026. In Poland, Geely's official distributor is Jameel Motors, a distributor of vehicles and a comprehensive mobility solutions provider, operating in over 10 nations. Geely Auto International vice president Moe Wang said: 'Poland is an important part of Geely Auto's global strategy. As one of Europe's dynamic markets, it's showing strong growth in electric vehicle adoption. 'In May 2025 alone, BEV sales went up 54%, and PHEVs jumped 79%—signalling a strong demand for cleaner mobility. Geely Auto is well-positioned to meet that demand.' The company noted that the structure of the Geely EX5, with its eight horizontal and two vertical supports, is further reinforced by the "Cloverleaf" energy dissipation system, providing security. Built on Geely Auto's GEA platform, the Geely EX5 provides an average range of up to 430km (WLTP), with a fast charging that can replenish the battery from 30% to 80% in 20 minutes. It can accelerate up to 100km/h in under seven seconds. The vehicle's 11-in-1 electric drive unit claims to offer 160kW of peak power. The unit's design focuses on compactness, efficiency, cooling, and zero emissions. It is equipped with a suite of features, including automatic emergency braking (AEB), adaptive cruise control (ACC), and auto lane change assist (ALCA). It also includes rear cross traffic alert (RCTA), lane keeping assist (LKA), lane change assist (LCA), blind spot detection (BSD), and evasive manoeuvre assist (EMA). The arrival of the Geely EX5 in Poland follows its presence in over 25 nations. Earlier this month, Jameel Motors also secured a distribution agreement to bring Geely Auto's new energy passenger vehicles (NEVs) to the Italian market. "Geely Auto expands in Poland with presale of Geely EX5" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
