China's ZEEKR Takes Control of Lynk & Co, Acquires Stake From Volvo Cars

China's ZEEKR has taken control of Lynk & Co, a sister brand owned by Geely and Volvo Cars. ZEEKRis a global premium electric mobility technology brand from Geely Holding Group.

Lynk & Co provides a diverse range of car ownership options – from subscription to lease to purchase,

Volvo Cars says it is has divesting its 30 per cent stake in Lynk & Co. The transaction is expected to close during the first quarter of 2025.

Volvo Cars has been a minority shareholder of Lynk & Co since the company was set up in 2017.

ZEEKR operates its R&D centres and design studios in Ningbo, Hangzhou, Gothenburg, and Shanghai and boasts state-of-the-art facilities and world-class expertise.

In a press release, Volvo Cars states: 'The divestment is in connection with a new phase of development for Lynk & Co going forward, which includes a new ownership structure for the company. Volvo Cars will continue to focus on operational collaborations with Lynk & Co in selected markets where there is a strategic benefit for both companies'.

ZEEKR has announced plans to sell vehicles in global markets, and has a roll-out plan over the next 5 years to satisfy the expanding global EV demand.