SHANGHAI -- Chinese automaker Zhejiang Geely Group Holding plans to take its New York Stock Exchange-listed luxury electric vehicle brand Zeekr private, in an effort to boost cost competitiveness by eliminating overlapping investments among its companies.
Electric vehicles
China's Geely to take Zeekr luxury EV unit private, delist from NYSE
Automaker looks to consolidate lines and increase competitiveness
The announcement by Geely comes just a year after Zeekr was listed in New York. (Photo by Shinya Sawai)
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