<SEC-DOCUMENT>0001104659-25-045350.txt : 20250507
<SEC-HEADER>0001104659-25-045350.hdr.sgml : 20250507
<ACCEPTANCE-DATETIME>20250507090243
ACCESSION NUMBER:		0001104659-25-045350
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250507
DATE AS OF CHANGE:		20250507

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZEEKR Intelligent Technology Holding Ltd
		CENTRAL INDEX KEY:			0001954042
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94761
		FILM NUMBER:		25919514

	BUSINESS ADDRESS:	
		STREET 1:		RM2301 BLDG1, DADAO WANGCHAO SHANGWU CTR
		STREET 2:		YINGFENG ST, XIAOSHAN DISTRICT, HANGZHOU
		CITY:			ZHEJIANG PROVINCE
		STATE:			F4
		ZIP:			00000
		BUSINESS PHONE:		86 400 003 6036

	MAIL ADDRESS:	
		STREET 1:		RM2301 BLDG1, DADAO WANGCHAO SHANGWU CTR
		STREET 2:		YINGFENG ST, XIAOSHAN DISTRICT, HANGZHOU
		CITY:			ZHEJIANG PROVINCE
		STATE:			F4
		ZIP:			00000

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Geely Automobile Holdings Ltd
		CENTRAL INDEX KEY:			0002048914
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 2301, 23RD FL,, GREAT EAGLE CENTRE
		STREET 2:		23 HARBOUR ROAD, WAN CHAI
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			00000
		BUSINESS PHONE:		(852) 2598 3333

	MAIL ADDRESS:	
		STREET 1:		ROOM 2301, 23RD FL,, GREAT EAGLE CENTRE
		STREET 2:		23 HARBOUR ROAD, WAN CHAI
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
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    <submissionType>SCHEDULE 13D/A</submissionType>
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          <!-- Field: Pseudo-Tag; ID: Name; Data: Geely Automobile Holdings Ltd -->
          <cik>0002048914</cik>
          <ccc>XXXXXXXX</ccc>
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    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Ordinary Shares, par value $0.0002 per share</securitiesClassTitle>
      <dateOfEvent>05/07/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001954042</issuerCIK>
        <issuerCUSIP>98923K103</issuerCUSIP>
        <issuerName>ZEEKR Intelligent Technology Holding Ltd</issuerName>
        <address>
          <com:street1>Rm2301 Bldg1, Dadao Wangchao Shangwu Ctr</com:street1>
          <com:street2>Yingfeng Street, Xiaoshan District</com:street2>
          <com:city>Hangzhou, Zhejiang Province</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>311215</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Mr. Cheung Chung Yan, David</personName>
          <personPhoneNum>(852) 2598 3333</personPhoneNum>
          <personAddress>
            <com:street1>Room 2301, 23rd Floor, Great Eagle Ctr</com:street1>
            <com:street2>23 Harbour Road, Wan Chai</com:street2>
            <com:city>Hong Kong</com:city>
            <com:stateOrCountry>K3</com:stateOrCountry>
            <com:zipCode>00000</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002048914</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Geely Automobile Holdings Limited</reportingPersonName>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>E9</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1668996860.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1668996860.00</sharedDispositivePower>
        <aggregateAmountOwned>1668996860.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>65.7</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Each of row 8, 10 and 11 represents 1,668,996,860 ordinary shares, par value $0.0002 per share (the "Ordinary Shares") of ZEEKR Intelligent Technology Holding Limited, an exempted company incorporated under the laws of the Cayman Islands (the "Issuer") directly held by Luckview Group Limited ("Luckview"), a limited company incorporated in the British Virgin Islands wholly owned by this Reporting Person, Geely Automobile Holdings Limited ("Geely Auto," together with Luckview, the "Reporting Persons"). Geely Auto may be deemed to be the beneficial owner over the Ordinary Shares directly held by Luckview.

Row 13 represents the percentage that is calculated based on a total of 2,541,971,138 Ordinary Shares of the Issuer issued and outstanding (such number excluded 41,375,116 Ordinary Shares that were deemed issued but not outstanding in relation to the Issuer's 2021 Share Incentive Plan) as reported in the Issuer's annual report on Form 20-F for the fiscal year ended on December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC") by the Issuer on March 20, 2025. For the avoidance of doubt, the ownership percentage of Geely Auto in the Issuer may appear differently in certain disclosures and foreign regulatory filings, as those filings account for the Ordinary Shares reserved under the Issuer's 2021 Share Incentive Plan.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Luckview Group Limited</reportingPersonName>
        <fundType>AF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>D8</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1668996860.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1668996860.00</sharedDispositivePower>
        <aggregateAmountOwned>1668996860.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>65.7</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Row 13 represents the percentage that is calculated based on a total of 2,541,971,138 Ordinary Shares of the Issuer issued and outstanding (such number excluded 41,375,116 Ordinary Shares that were deemed issued but not outstanding in relation to the Issuer's 2021 Share Incentive Plan) as reported in the Issuer's annual report on Form 20-F for the fiscal year ended on December 31, 2024 filed with the SEC by the Issuer on March 20, 2025. For the avoidance of doubt, the ownership percentage of Luckview in the Issuer may appear differently in certain disclosures and foreign regulatory filings, as those filings account for the Ordinary Shares reserved under the Issuer's 2021 Share Incentive Plan.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Ordinary Shares, par value $0.0002 per share</securityTitle>
        <issuerName>ZEEKR Intelligent Technology Holding Ltd</issuerName>
        <issuerPrincipalAddress>
          <com:street1>Rm2301 Bldg1, Dadao Wangchao Shangwu Ctr</com:street1>
          <com:street2>Yingfeng Street, Xiaoshan District</com:street2>
          <com:city>Hangzhou, Zhejiang Province</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>311215</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 2 to Statement on Schedule 13D (this "Amendment No. 2") amends and supplements the Statement on Schedule 13D originally filed with the SEC on January 3, 2025 (as amended to date, the "Statement") and is being filed by (i) Geely Auto and (ii) Luckview in respect of the Ordinary Shares of the Issuer. Capitalized terms used herein without definition in this Amendment No. 2 shall have the meaning set forth in the Statement.

CUSIP number 98923K103 has been assigned to the American depositary shares of the Issuer (the "ADSs"), which are quoted on the New York Stock Exchange under the symbol "ZK."</commentText>
      </item1>
      <item2>
        <principalJob>Item 2(c) of the Statement is hereby amended and restated in its entirety as follows:

(1) Geely Auto is principally engaged in the research and development, manufacturing and trading of automobiles, automobile parts and related automobile components, and investment holding. Information regarding each director and executive officer of Geely Auto is set forth in Schedule I of statement on Schedule 13D originally filed with the SEC on November 21, 2024 (the "Prior Statement"). The single largest shareholder of Geely Auto is Zhejiang Geely Holding Group Co., Ltd, a PRC limited liability company ("Geely Holding"). Geely Holding is controlled by Shufu Li ("Mr. Li"), a director, the founder, and chairman of the Issuer.

(2) Luckview is primarily engaged in investment holding. Information regarding each director and executive officer of Luckview is set forth in Schedule II of the Prior Statement. Luckview is wholly owned by Geely Auto.

Mr. Li may be deemed to beneficially own the subject shares reported in Item 4 and Item 5 below. He is separately filing a Schedule 13D (as amended) with the SEC in respect of his  beneficial ownership in the Ordinary Shares.

Information with respect to the directors and officers of each of the Reporting Persons, including name, business address, present principal occupation or employment and citizenship, set forth in Schedule I and Schedule II of the Prior Statement (collectively, the "Related Persons") is incorporated herein by reference.</principalJob>
        <hasBeenConvicted>Item 2(d) of the Statement is hereby amended and restated in its entirety as follows:

During the last five years, none of the Reporting Persons nor, to the best of the Reporting Persons' knowledge, any of the Related Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>Item 2(e) of the Statement is hereby amended and restated in its entirety as follows:

During the last five years, none of the Reporting Persons nor, to the best of the Reporting Persons' knowledge, any of the Related Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</convictionDescription>
      </item2>
      <item3>
        <fundsSource>Item 3 of the Statement is hereby amended and supplemented by inserting the following:

Geely Auto intends to finance the Proposed Transaction (as defined in Item 4) through the issuance of Geely Shares (as defined in Item 4), cash on its balance sheet and to the extent needed, debt financing.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>Item 4 of the Statement is hereby amended and supplemented by inserting the following:

Preliminary Non-Binding Proposal

On May 7, 2025, Geely Auto submitted a non-binding proposal (the "Non-binding Proposal") to the board of directors of the Issuer (the "Issuer's Board"), proposing to acquire all outstanding Ordinary Shares and ADSs of the Issuer not already beneficially owned by Geely Auto in a business combination transaction (the "Proposed Transaction"). Geely Auto proposed to provide each shareholder of the Issuer (other than the Reporting Persons) with the option (at their election) to receive, in respect of all the Ordinary Shares and ADSs beneficially owned by such shareholder, either US$2.566 in cash for each Ordinary Share (or US$25.66 in cash for each ADS) (the "Cash Alternative") or 1.23 newly issued ordinary shares of Geely Auto (the "Geely Shares") for each Ordinary Share (or 12.3 Geely Shares for each ADS) (the "Share Alternative"); failing to make a valid election, a shareholder or ADS holder will be deemed to elect the Cash Alternative. As of the date hereof, Geely Auto beneficially owned 1,668,996,860 Ordinary Shares, representing approximately 65.7% of the publicly disclosed total issued and outstanding Ordinary Shares.

The Proposed Transaction is subject to a number of conditions, including, among other things, the negotiation and execution of definitive agreements.

If the Proposed Transaction is completed, the Issuer's ADSs would become eligible for termination of registration pursuant to the Securities Act and would be delisted from the New York Stock Exchange (a "Delisting").

References to the Non-binding Proposal in this Amendment No. 2 are qualified in their entirety by reference to the Non-binding Proposal, a copy of which is attached hereto as Exhibit 99.5, and incorporated herein by reference in its entirety.

Exploration of Strategic Alternatives

The Reporting Persons have discussed and explored, and expect to continue to discuss and explore, various potential alternatives with respect to their investment in the Issuer. The Non-binding Proposal could lead to one or more subsequent revised or different proposals or offers that could result in the Reporting Persons acquiring all or substantially all of the outstanding capital stock of the Issuer not beneficially owned by the Reporting Persons, which would result in a Delisting. The Reporting Persons may, at the same time or subsequently, also explore other strategic alternatives, including but not limited to: different kinds of corporate transactions involving the Issuer and its securities, such as sales or acquisitions of shares, assets or businesses by the Issuer, including sales to or acquisitions from affiliates of the Reporting Persons; engaging with third parties to pursue other strategic transactions, including, but not limited to, a transaction that leads to a Delisting; or other business combination transactions such as a merger, reorganization, or other material transaction. There can be no guarantee that the Reporting Persons will make any such subsequent proposal, and if any such proposal is made, the Reporting Persons can provide no assurances that they will successfully consummate any proposed transaction.

The Reporting Persons intend to engage in communications, discussions and negotiations with members of management of the Issuer, members of the Issuer's Board, and their legal, financial, accounting and other advisors; potential partners and counterparties in any transaction; current or prospective securityholders of the Issuer; and other relevant parties, regarding the Non-binding Proposal and various alternatives that may from time to time be under consideration by the Reporting Persons. To facilitate their consideration of such matters, the Reporting Persons have recently, and/or may in the future, retain consultants and advisors and enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar obligations or agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction.

General

The Reporting Persons acquired the securities described herein for investment purposes and, in addition to the more specific analysis set out above, intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons' review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's management, business, financial condition, operations and prospects; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments.

The Reporting Persons, at any time and from time to time may acquire additional securities of the Issuer or retain or sell all or a portion of the securities then held, in the open market or in privately negotiated transactions (including, without limitation, by distributing some or all of such securities to the Reporting Persons' direct or indirect members, partners or beneficiaries, as applicable, transferring securities to affiliated transferees, or the entry into a total return swap, asset swap, repurchase or other hedging or financing transaction).

Other than as described above, none of the Reporting Persons have any plans or proposals that relate to, or would result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D, although, depending on the factors discussed herein, the Reporting Persons may change their purpose or formulate different plans or proposals with respect thereto at any time.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Item 5 (a) to (e) of this Statement are hereby amended and restated in its entirety as follows:

The responses of each Reporting Person to Rows (7) through (11) and (13) of the cover pages of this Amendment No. 2 are hereby incorporated by reference in this Item 5. Except as otherwise stated herein, each Reporting Person expressly disclaims any beneficial ownership of the Ordinary Shares held by each other Reporting Person.

Information of the beneficial ownership of the Related Persons set forth in Schedule I and Schedule II of the Prior Statement is incorporated herein by reference.</percentageOfClassSecurities>
        <numberOfShares>See Item 5(a) above.</numberOfShares>
        <transactionDesc>Except as described in Item 4, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, the Related Persons, has effected any transaction in the Ordinary Shares or ADSs of the Issuer during the past 60 days.</transactionDesc>
        <listOfShareholders>Except as set forth in the Statement, to the best knowledge of the Reporting Persons, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares beneficially owned by the Reporting Persons.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>Item 6 of the Statement is hereby amended and supplemented by inserting the following:

The information set forth in Items 3 and 4 is hereby incorporated by reference in this Item 6.

To the best knowledge of the Reporting Persons, except as described above or elsewhere in the Statement or incorporated by reference in the Statement, none of the Reporting Persons or Related Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) among themselves and between them and any other person with respect to any securities of the Issuer, including, but not limited to, any contracts, arrangements, understandings or relationships concerning call options, put options, security-based swaps or any other derivative securities, the transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, guarantees of profits, division of profits or losses, or the giving or withholding of proxies, or a pledge or contingency, the occurrence of which would give another person voting power or investment power over such securities.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Item 7 of the Statement is hereby amended and supplemented by inserting the following:

Exhibit 99.5 Non-binding Proposal dated May 7, 2025 from Geely Auto to the Issuer's Board.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Geely Automobile Holdings Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Gui Shengyue</signature>
          <title>Gui Shengyue/Chief Executive Officer and Executive Director</title>
          <date>05/07/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Luckview Group Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Gui Shengyue</signature>
          <title>Gui Shengyue/Director</title>
          <date>05/07/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>2
<FILENAME>tm2514297d1_ex99-5.htm
<DESCRIPTION>EXHIBIT 99.5
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;99.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">May&nbsp;7, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board of Directors (the &ldquo;<U>Board</U>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ZEEKR Intelligent Technology Holding Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Room 2301, Building 1,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dadao Wangchao Shangwu Center,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yingfeng Street, Xiaoshan District,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hangzhou, Zhejiang Province, China 311215</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Directors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Geely Automobile Holdings Limited (Hong Kong Stock
Exchange stock code &ldquo;0175&rdquo;) (&ldquo;<U>Geely</U>&rdquo; or &ldquo;<U>we</U>&rdquo;) is pleased to submit this preliminary
non-binding proposal to acquire all issued and outstanding ordinary shares and American depository shares (&ldquo;<U>ADSs</U>&rdquo;,
each representing ten ordinary shares) of ZEEKR Intelligent Technology Holding Limited (the &ldquo;<U>Company</U>&rdquo;, and such ordinary
shares, &ldquo;<U>Zeekr Shares</U>&rdquo;) not already beneficially owned by Geely in a business combination transaction, which will result
in the Company becoming a wholly owned subsidiary of Geely and being privatized and delisted from the New York Stock Exchange (the &ldquo;<U>Transaction</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our proposed Transaction will value the Company
at US$2.566 per Zeekr Share or US$25.66 per ADS. We will provide the Company&rsquo;s shareholders and ADS holders with the option (at
their election) to receive either US$2.566 in cash for each Zeekr Share (or US$25.66 in cash for each ADS), or 1.23 newly issued ordinary
shares of Geely (&ldquo;<U>Geely Shares</U>&rdquo;) for each Zeekr Share (or 12.3 Geely Shares for each ADS) based on the volume-weighted
average price of Geely Shares of HK$16.14 on the Stock Exchange of Hong Kong Limited during the last 30 trading days ending on May&nbsp;6,
2025, and a US$ to HK$ exchange rate of 1:7.7503. We believe that our proposal provides an attractive opportunity for the Company&rsquo;s
shareholders and ADS holders. Our proposed cash consideration represents a premium of approximately 13.6% to the closing trading price
of the ADSs on the New York Stock Exchange on May&nbsp;6, 2025, the last trading day prior to the date of this proposal, and a premium
of 20.0% to the volume-weighted average price of the ADSs on the New York Stock Exchange during the last 30 trading days ending on May&nbsp;6,
2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Geely currently beneficially owns 1,668,996,860.00
Zeekr Shares, representing approximately 65.7%<SUP>1</SUP> of the total issued and outstanding Zeekr Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The principal terms and conditions upon which
we are prepared to pursue the Transaction are set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify"><U>Purchase Price</U>. We propose to acquire all of the issued and outstanding Zeekr Shares and ADSs,
other than those beneficially owned by Geely, at a valuation equal to US$2.566 per Zeekr Share (or US$25.66 per ADS), based on the Company&rsquo;s
share capital set forth in its public filings. Each of the Company&rsquo;s shareholders and ADS holders (other than Geely) will be able
to elect to receive, in respect of its entire holding of Zeekr Shares and/or ADSs, either US$2.566 in cash for each Zeekr Share (or US$25.66
in cash for each ADS) (the &ldquo;<U>Cash Alternative</U>&rdquo;), or 1.23 Geely Shares for each Zeekr Share (or 12.3 Geely Shares for
each ADS) (the &ldquo;<U>Stock Alternative</U>&rdquo;); if a shareholder or ADS holder fails to make a valid election, such shareholder
or ADS holder will be deemed to elect the Cash Alternative.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>
Share ownership information provided herein is calculated based on publicly available information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify"><U>Financing</U>. We intend to finance the Transaction through the issuance of Geely Shares, cash on our
balance sheet and, to the extent needed, debt financing.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Due Diligence</U>. We are prepared to move
expeditiously to complete the proposed Transaction as soon as practicable. We have engaged Citigroup Global Markets Asia Limited as our
</FONT>exclusive financial advisor and Latham&nbsp;&amp; Watkins LLP as our legal counsel and believe that, with the full cooperation
of the Company, we can complete customary commercial, legal, financial and accounting due diligence for the Transaction, in a timely manner
and in parallel with discussions on the definitive agreements. We would like to ask the Board to accommodate such due diligence requests
and approve the provision of confidential information relating to the Company and its business subject to a customary form of confidentiality
agreement.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify"><U>Definitive Documentation</U>. Assuming our satisfaction with the results of our due diligence investigation,
we are prepared to promptly negotiate and finalize the definitive agreements (the &ldquo;<U>Definitive Agreements</U>&rdquo;) providing
for the Transaction. This proposal is subject to the execution of the Definitive Agreements. We expect that such Definitive Agreements
with respect to the Transaction will contain representations, warranties, covenants and conditions which are typical, customary and appropriate
for similar transactions.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify"><U>Process</U>. We believe the Transaction will provide superior value to the Company&rsquo;s shareholders
and ADS holders. We recognize that the Board will evaluate the Transaction independently before it can make its determination to endorse
it. Given the involvement of Geely, we expect that the independent, disinterested members of the Board will proceed to consider the proposed
Transaction. In considering this proposal, you should be aware that we are interested only in pursuing the Transaction and we do not intend
to sell our stake in the Company to any third party.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify"><U>Confidentiality</U>. We will promptly file an amendment to our Schedule 13D to disclose this proposal,
as required by U.S. securities regulations, and make an inside information announcement about this proposal pursuant to the Hong Kong
listing rules. However, we are sure you will agree with us that it is in our mutual interests to ensure that we proceed in a confidential
manner, unless otherwise required by law, until we have executed Definitive Agreements or terminated our discussions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.5in">7.</TD><TD STYLE="text-align: justify"><U>No Binding Commitment</U>. This proposal is not a binding offer, agreement or an agreement to make
a binding offer. This letter is our preliminary indication of interest and does not contain all matters upon which agreement must be reached
in order to consummate the proposed Transaction, nor does it create any binding rights or obligations in favor of any person. A binding
commitment will result only from the execution of Definitive Agreements, and then will be on the terms and conditions provided in such
documentation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In closing, we would like to express our commitment
to working together to bring this proposed Transaction to a successful and timely conclusion. Should you have any questions regarding
this proposal, please do not hesitate to contact us. We look forward to hearing from you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sincerely,</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Geely Automobile Holdings Limited</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Gui Shengyue</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gui Shengyue</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer and Executive Director</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>




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