Reported 2 days ago
Geely is encountering resistance from investors regarding its $2.2 billion bid to take its electric vehicle brand Zeekr private, with early investors arguing the offer undervalues the company. Concerns have been raised by significant stakeholders, including Contemporary Amperex Technology, who believe the proposed valuation is significantly lower than Zeekr's true worth compared to competitors. The bid comes as Geely aims to fully integrate Zeekr into its main automotive division, raising questions about the company's future listings and strategies amid intense market competition.
Source: YAHOO