Geely Auto to withdraw application of public listing on Sci-Tech Board

Shanghai (Gasgoo)- Geely Automobile Holdings Limited (Geely Auto) announced on June 25 it decided to withdraw the application for the proposed RMB share issue on the Sci-Tech Board, and the decision has already been approved by its board of directors.

Photo credit: Geely

The company claimed that the withdrawal of the application will not give rise to any material adverse impact on its financial position or operation. Besides, Geely Auto will actively promote the listing work of RMB share issuance when the relevant conditions are met.

According to another announcement Geely Auto released on the same day, the board of ZEEKR Intelligent Technology has approved a resolution to explore different external financing options for the sustainable development of ZEEKR.

Geely Auto said ZEEKR Intelligent Technology engages in the research and development, purchase and sale of intelligent electric vehicles under the ZEEKR brand and other electric mobility-related products.

On April 15, the first ZEEKR-branded production model, the ZEEKR 001, was launched with its presale kicking off at the same time. The vehicle is expected for delivery in October this year.

The global headquarters of ZEEKR Intelligent Technology will be located in Ningbo, Zhejiang province, as part of the cooperation Geely Holding signed with Ningbo municipal government on June 25.