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Chinese EV brands Zeekr and Lynk & Co have been reportedly integrating their business operations. Recent media reports revealed that at the time of the merger between Lynk & Co and Zeekr, Polestar also began preparations to merge into Zeekr, but the merger has now been paused.
A source close to Geely Holding revealed that An Conghui will take over the position of Polestar’s chairman from Shen Ziyou, with the purpose of facilitating the merger of the two brands. Another executive close to Polestar told the media that as early as October this year, Polestar had verbally informed its employees about the merger. At the same time, the businesses of both sides began to intersect, and the integration method is similar to that of Lynk & Co, starting with marketing and other businesses.
The original merger process already had a specific progression: Polestar’s sales system needed to report to Hangzhou for business recently; in some adjacent office areas between Polestar and Zeekr, employees from both sides began to share office resources. However, several executives close to Polestar stated that Polestar internally issued a notice to pause the merger this week. Polestar is much smaller than Lynk & Co, but compared to the integration between Lynk & Co and Zeekr, the merger between Polestar and Zeekr faces greater challenges and more internal disputes.
An industry insider close to Geely’s top management revealed that the purpose of the merger between Zeekr and Lynk & Co is clear, which can help the two brands distribute resources more reasonably, eliminate internal competition, and improve efficiency. However, blindly merging Polestar into Zeekr will not only make it difficult to achieve these points, but it will also cause outsiders to worry about the direction of Polestar’s development, fearing that “Polestar will become Radar or Geometry, not Lynk & Co.”
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