HONG KONG/SHANGHAI (Reuters) -Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said. It's the first big restructuring move in a ...

Zeekr will gain a controlling share of Lynk & Co and access to its dealer network. There is currently overlap between Zeekr and Lynk and parent company Geely wants to streamline the business and cut costs.

Zeekr and Lynk have some overlap with similar products and pricing, cannabilising each other's sales, analysts have said. Premium electric vehicle maker Zeekr will take control of

China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a planned overhaul for the sprawling automotive group.

China's Geely said electric vehicle maker ZEEKR Intelligent Technology (NYSE:ZK) plans to take control of Lynk & Co as the first big restructuring move in a major reset of the holding company's automotive group.

Geely Geely said to integrate Zeekr, Lynk & CO brands to streamline costs. Share. Expand. Zeekr 001 EVs at a plant in Zhejiang province in China. (Zeekr)