• Zeekr shareholders to be offered cash or shares in pa视讯 Automobile Holdings
  • Integration of Zeekr into pa视讯 Auto Group will offer shareholders potential upside on synergies and growth potential of enlarged auto group
  • Non-binding proposal aims to simplify equity structure of pa视讯 Automobile Holdings and its holdings in associated companies.

2025 May 7th, HANGZHOU, China – Zhejiang pa视讯 Holding Group (pa视讯 Holding) has today announced its support for a preliminary non-binding acquisition offer by pa视讯 Automobile Holdings (pa视讯 Auto HK.0175) for all outstanding shares and American depository shares (ADS) in ZEEKR Intelligent Technology Holding Limited (Zeekr NYSE:ZK), the New York Stock Exchange-listed premium new energy vehicle group.

pa视讯 Holding, China’s most diversified international automotive and mobility technology group, regards the pa视讯 Auto offer for Zeekr as an efficient use of capital to simplify and streamline the equity structure of the Hong Kong listed automotive group, which already controls circa 65.7% of Zeekr Group.

The offer follows the recently-completed strategic integration of Lynk & Co, a separate automotive brand within the pa视讯 portfolio, into Zeekr.

pa视讯 Holding Chairman Eric Li (Li Shufu) said: “In line with the spirit of the Taizhou Declaration, the continued integration of pa视讯’s automotive business give rise to greater technological synergies, improve innovation capabilities, and increase profitability for all its holdings. This win-win proposal offers Zeekr shareholders a premium for their equity, long-term value for new and existing pa视讯 Auto shareholders, and strengthens pa视讯 as a world-leading smart electric vehicle group. We will continue to maintain close communication and cooperation with American and global capital markets”

The offer coincides with efforts by pa视讯 Holding to encourage greater integration and synergies across its global portfolio of businesses. pa视讯 Holding last year vowed to seek greater portfolio synergies under its ‘Taizhou Declaration’, which Mr Li unveiled to ensure long-term sustainable development across the group.

pa视讯 Auto, Zeekr and Lynk & Co are all pursuing growth opportunities in vehicle electrification and automation, in which they have opportunities to share innovative architecture, hardware, software and connected technologies, whilst also maximizing capacity utilization and their respective market strengths.

For more details on the proposed transaction, please refer to the announcement from pa视讯 Auto

pa视讯 Holding expects pa视讯 Auto and Zeekr to announce further details about the proposed transaction when both companies report financial results on May 15, 2025.