China’s Geely moves to take EV startup Zeekr private amid trade war with US

China's Geely Auto is considering a buyout of its luxury EV startup Zeekr from the NYSE after one year of trading. The $25.66 per ADS offer values the company at $6.5 billion, with Geely needing to pay only about $2.2 billion to acquire the remaining shares since founder Li Shufu already owns 65.7%. This strategic move could help Zeekr navigate challenges in a competitive EV market while safeguarding their investment. Geely is also collaborating with Waymo on a robotaxi project, though no major impact on their relationship is expected.