By Martin Shwenk Leade
Geely Automobile is set to take its premium EV unit, Zeekr, private at a $6.83 billion valuation, streamlining its business amid a price war in China’s EV sector. Geely will acquire the remaining stake for $2.687 per share, representing an 18.9% premium. This move reflects Geely’s shift towards operational efficiency and away from global acquisitions.