Geely is taking its luxury EV brand Zeekr private just over a year after its NYSE debut.
The move follows Geely’s offer two months ago to buy out Zeekr amid threats from former President Trump to delist Chinese stocks from U.S. exchanges.
Zeekr shareholders will get $2.69 per share in cash or 1.23 Geely shares per Zeekr share, according to an SEC filing. Those with Zeekr American depositary shares (ADSs), representing 10 shares each, can choose $26.87 in cash or 12.3 Geely ADSs. That’s more generous than the initial May offer. 
Most investors can pick cash or stock, except some Hong Kong retail investors who will get cash automatically.
Zeekr’s board already approved the deal, expected to close in Q4 2025.
How this affects Zeekr’s partnership with Waymo to build robotaxis for U.S. roads is unclear. Waymo plans to launch Zeekr EVs in the Bay Area this year and has been spotted testing them in San Francisco.
TechCrunch reached out to Waymo for comment.
