[Informed sources: Zeekr plans to acquire a majority stake in Lynk & Co, a sister brand of Geely and Volvo] Jinshi Data reported on November 14 that two people familiar with the matter said that Zeekr plans to acquire a majority stake in Lynk & Co, a sister brand of Geely and Volvo Cars, and will acquire 30% of the shares from Volvo Cars and 20% of the shares from Geely Holding. One of the sources said that the transaction will allow Volvo and Geely Holding to completely exit Lynk & Co, with a valuation of approximately RMB 18 billion (US$2.5 billion). Zeekr plans to increase its shareholding to 51% through capital injection, while Geely Holding's main listed subsidiary Geely Automobile Holdings will continue to hold the remaining shares. The transaction is expected to be completed in June next year. (Reprinted from: Jinshi Data)