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China’s Geely moves to take EV startup Zeekr private amid trade war with US
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China’s Geely Auto wants to take its luxury EV unit Zeekr off the New York Stock Exchange one year after the company’s debut, per Zeekr filings.
The take-private offer comes as the Trump administration explores kicking Chinese companies off American stock exchanges, part of a broader trade war that includes what has become a tariff quagmire between the U.S. and China.
On Tuesday, Geely offered to pay $25.66 per Zeekr American Depository Receipt (ADS), or $2.566 per ordinary share, which was about 14% higher than Zeekr’s Monday…
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