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


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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