On December 3rd, Jike and Lynk&Co announced a strategic integration and named the new company Jike Technology Group.
Lin Jinwen, Vice President of Jike Intelligent Technology, stated that after the strategic integration of Jike and Lynk&Co, the company entity of "Zhejiang Jike Intelligent Technology Co., Ltd." has not changed, and the new company after integration is referred to as "Jike Technology Group", which has dual brands of Jike Automobile and Lynk&Co Automobile. He mentioned that Jike Technology Group will strive to build a global high-end luxury new energy vehicle group with annual sales of millions through two years of hard work.
At the Q3 2024 earnings conference call of Jike, An Conghui, President of Geely Holding Group and CEO of Jike Technology Group, predicted that by maximizing collaboration, the company's R&D investment will be reduced by 10% -20%, BOM costs will be reduced by 5% -8%, and support and service department expenses will be reduced by 10% -20%.
On November 14th, Geely Holding announced that it had optimized the equity structure of Lynk&Co to promote comprehensive strategic synergy between Jike and Lynk&Co. Jike will hold 51% of Lynk&Co's shares, while the remaining 49% of Lynk&Co's shares will continue to be held by a wholly-owned subsidiary of Geely Automobile.