Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say

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Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say - Channel News Asia

Quick Summary:

HONG KONG/SHANGHAI :Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said.

Zeekr and Lynk have some overlap with similar products and pricing, cannabilising each other's sales, analysts have said.

Geely Chairman Eric Li announced plans for the group overhaul in September, telling staff that deep integration was needed to improve efficiency and reduce costs.