On July 15, 2025, Geely Automobile Holdings Limited (0175.HK, “Geely”) announced that it had entered into a merger agreement with its subsidiary and Zeekr Intelligent Technology Holding Limited (NYSE: ZK, “Zeekr”). Under the agreement, Geely will take Zeekr private by acquiring all Zeekr’s issued and outstanding shares and its American depositary shares, excluding the excluded shares. A merger will subsequently take place between the consolidated subsidiary and Zeekr, after which Zeekr will remain as the surviving entity and become a wholly owned subsidiary of Geely. Following the completion of the privatization, Zeekr will be delisted from the NYSE.

Headquartered in Zhejiang, China, Zeekr is a global leader in the premium new energy vehicle sector.

Fangda acted as the PRC legal counsel to the special committee of Zeekr’s board of directors in Zeekr’s privatization. The Fangda team was led by partners Jeffery Ding and Brian Liu. Key team members included Fan Fan and Kerry Huang.