{"id":5761,"date":"2025-06-02T19:11:00","date_gmt":"2025-06-02T19:11:00","guid":{"rendered":"http:\/\/autofusiontech.co.uk\/?p=5761"},"modified":"2025-06-03T12:04:20","modified_gmt":"2025-06-03T12:04:20","slug":"furious-investors-say-geelys-buyout-deal-stinks","status":"publish","type":"post","link":"http:\/\/autofusiontech.co.uk\/index.php\/2025\/06\/02\/furious-investors-say-geelys-buyout-deal-stinks\/","title":{"rendered":"Furious Investors Say Geely\u2019s Buyout Deal Stinks"},"content":{"rendered":"<div><img width=\"1024\" height=\"576\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"attachment-large size-large wp-post-image lazyload\" alt=\"\" style=\"margin-bottom: 15px\" loading=\"lazy\" data-src=\"http:\/\/autofusiontech.co.uk\/wp-content\/uploads\/2025\/06\/Zeekr-hj-1024x576-1.jpg\"><\/div>\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-14 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<ul>\n<li>Geely wants to buy Zeekr outright with a $2.2 billion offer for remaining shares.<\/li>\n<li>Investors claim Geely\u2019s proposal undervalues Zeekr compared to EV rivals like Nio.<\/li>\n<li>Zeekr was valued at $13 billion last year before falling to $5.5 billion at IPO.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Electric vehicle startups tend to live fast and fluctuate wildly, but Zeekr\u2019s latest chapter is turning heads for a different reason. Geely is looking to take <a href=\"https:\/\/www.carscoops.com\/tag\/electric-vehicles\/\">electric automaker<\/a> Zeekr private, barely a year after it went public in the United States. However, investors fear that Geely is undervaluing the company, and are demanding more. <\/p>\n<div class=\"ad-placement\">\n<div id=\"82503191-e1d1-435a-874f-9c78a2a54a2f\" class=\"_ap_apex_ad\"><\/div>\n<div id=\"0f7e3106-c4d6-4db4-8135-c508879a76f8\" class=\"_ap_apex_ad\"><\/div>\n<p>\t\t\t\tvar adpushup = window.adpushup  = window.adpushup || {que:[]};<br \/>\n\t\t\t\tadpushup.que.push(function() {<br \/>\n\t\t\t\t\tif (adpushup.config.platform !== &#8220;DESKTOP&#8221;){<br \/>\n\t\t\t\t\t\tadpushup.triggerAd(&#8220;0f7e3106-c4d6-4db4-8135-c508879a76f8&#8221;);<br \/>\n\t\t\t\t\t} else {<br \/>\n\t\t\t\t\t\tadpushup.triggerAd(&#8220;82503191-e1d1-435a-874f-9c78a2a54a2f&#8221;);<br \/>\n\t\t\t\t\t}<br \/>\n\t\t\t\t});<\/p><\/div>\n<p>Given that Zeekr is viewed as one of Geely\u2019s best automotive assets, it\u2019s perhaps little surprise that the conglomerate wants to take full control of it.<\/p>\n<p><strong>Read: <a href=\"https:\/\/www.carscoops.com\/2025\/04\/zeekr-9x-is-a-rolls-royce-cullinan-clone-for-the-price-of-a-bmw-x5\/\">Zeekr 9X Is A Rolls Royce Cullinan Clone For The Price Of A BMW X5<\/a><\/strong><\/p>\n<p>As it stands, <a href=\"https:\/\/www.carscoops.com\/tag\/geely\/\">Geely<\/a> already owns about two-thirds of Zeekr, alongside a slew of other electric carmakers that make up the group. In 2023, a fundraising round valued Zeekr at $13 billion, but when it went public in the US twelve months ago, its fully diluted valuation was cut to $5.5 billion, less than half the estimate.<\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<div id=\"taboola-mid-article-thumbnails-organic\"><\/div>\n<p><strong>Investors Push Back on Geely\u2019s Bid<\/strong><\/p>\n<p>In early May, Geely said it offered to pay $2.2 billion to take Zeekr private, for the remaining 34.3% stake. But significant investors in Zeekr, including CATL, Intel Capital, and Boyu Capital, all of whom invested in Zeekr\u2019s original fundraising round, don\u2019t believe Geely\u2019s offer accurately reflects the firm\u2019s fair value. Other investors to express their displeasure include Bilibili and Cathay Fortune Group.<\/p>\n<p>According to <a href=\"https:\/\/www.reuters.com\/world\/china\/zeekr-investors-criticise-geelys-22-billion-take-private-bid-inadequate-say-2025-05-30\/\">Reuters<\/a>, the five firms sent a letter to Geely arguing that the offer pegs Zeekr\u2019s total value at just $6.5 billion. That\u2019s a steep discount compared to competitors like Xpeng, Nio, and Li Auto, all of which command higher valuations despite similarly rocky roads.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2025\/04\/Zeekr-Grand-Gold-0001rrrrr.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n<p>                    <img loading=\"lazy\" class=\"lazy \" src=\"\" alt=\" Furious Investors Say Geely\u2019s Buyout Deal Stinks\" width=\"2531\" height=\"1424\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2025\/04\/Zeekr-Grand-Gold-0001rrrrr-1024x576.jpg\" data-type=\"inarticle-image\" \/><\/p>\n<\/figure>\n<p>        <\/a>  <\/p>\n<p>Geely\u2019s offer to acquire the remaining stake in Zeekr valued each share at $25.66, or a 24% premium over the average share price in the four weeks prior. Zeekr\u2019s shares have since jumped to over $26 after news of the potential move first broke.<\/p>\n<p><strong>Control Without Consensus?<\/strong><\/p>\n<div class=\"ad-placement\">\n<div id=\"9b1169d9-7a89-4971-a77f-1397f7588751\" class=\"_ap_apex_ad\"> <\/div>\n<div id=\"bb7964e9-07de-4b06-a83e-ead35079d53c\" class=\"_ap_apex_ad\"> <\/div>\n<p>\t\t\t\tvar adpushup = window.adpushup  = window.adpushup || {que:[]};<br \/>\n\t\t\t\tadpushup.que.push(function() {<br \/>\n\t\t\t\t\tif (adpushup.config.platform !== &#8220;DESKTOP&#8221;){<br \/>\n\t\t\t\t\t\tadpushup.triggerAd(&#8220;bb7964e9-07de-4b06-a83e-ead35079d53c&#8221;);<br \/>\n\t\t\t\t\t} else {<br \/>\n\t\t\t\t\t\tadpushup.triggerAd(&#8220;9b1169d9-7a89-4971-a77f-1397f7588751&#8221;);<br \/>\n\t\t\t\t\t}<br \/>\n\t\t\t\t});<\/p><\/div>\n<p>The early investors have urged Zeekr\u2019s special committee to review and <a href=\"https:\/\/www.carscoops.com\/2024\/12\/geelys-jiyue-ev-brand-on-the-brink-of-collapse-amid-debt-spiral-and-slow-sales\/\">evaluate Geely\u2019s offer<\/a>. They also don\u2019t want a deal to proceed until there\u2019s an agreement among the majority of Zeekr\u2019s \u201cindependent minority\u201d shareholders.<\/p>\n<p>Unfortunately for these shareholders, they may not have any say in the matter. According to some analysts, Geely\u2019s current 65.7% stake in Zeekr means it may have sufficient votes to carry out the privatization without needing approval from other shareholders.<\/p>\n<div class=\"ad-placement\">\n<div id=\"9b1169d9-7a89-4971-a77f-1397f7588751\" class=\"_ap_apex_ad\"> <\/div>\n<div id=\"bb7964e9-07de-4b06-a83e-ead35079d53c\" class=\"_ap_apex_ad\"> <\/div>\n<p>\t\t\t\tvar adpushup = window.adpushup  = window.adpushup || {que:[]};<br \/>\n\t\t\t\tadpushup.que.push(function() {<br \/>\n\t\t\t\t\tif (adpushup.config.platform !== &#8220;DESKTOP&#8221;){<br \/>\n\t\t\t\t\t\tadpushup.triggerAd(&#8220;bb7964e9-07de-4b06-a83e-ead35079d53c&#8221;);<br \/>\n\t\t\t\t\t} else {<br \/>\n\t\t\t\t\t\tadpushup.triggerAd(&#8220;9b1169d9-7a89-4971-a77f-1397f7588751&#8221;);<br \/>\n\t\t\t\t\t}<br \/>\n\t\t\t\t});<\/p><\/div>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/08\/Zeekr-X-11.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n<p>                    <img loading=\"lazy\" class=\"lazy \" src=\"\" alt=\" Furious Investors Say Geely\u2019s Buyout Deal Stinks\" width=\"1920\" height=\"1080\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/08\/Zeekr-X-11-1024x576.jpg\" data-type=\"inarticle-image\" \/><\/p>\n<\/figure>\n<p>        <\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Geely wants to buy Zeekr outright with a $2.2 billion offer for remaining shares. Investors claim Geely\u2019s proposal undervalues Zeekr [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/5761"}],"collection":[{"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=5761"}],"version-history":[{"count":2,"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/5761\/revisions"}],"predecessor-version":[{"id":5764,"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/5761\/revisions\/5764"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/media\/5763"}],"wp:attachment":[{"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=5761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=5761"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autofusiontech.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=5761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}