领克Lynk & Co

Who owns Lynk & Co? The ownership chain, Geely Holding's stake and the 2016 deal

Facts checked Chinese holding 100%

Lynk & Co is Chinese. It was launched in 2016 by Geely Holding, originally with Volvo Cars as a shareholder in the operating company; Volvo Cars has since sold its holding to a Geely subsidiary, leaving the brand wholly within the Geely group. Its cars use platforms shared with Volvo.

Lynk & Co began in 2016 as a three-way venture of Geely Auto, Volvo Cars and Geely Holding. Under an equity transfer agreement of November 2024, completed in February 2025, Zhejiang Zeekr bought 20% from Geely Holding and 30% from Volvo Cars for RMB 9,104,721,000 in total and subscribed about RMB 367,347,000 of new capital, leaving Lynk & Co 51% held by Zhejiang Zeekr and 49% by another Geely Automobile Holdings subsidiary. Since Zeekr itself became wholly owned by Geely Automobile Holdings in December 2025, the whole brand now sits inside the listed arm.

The short answer

Controlled by Geely Holding
Stake100%
Since2016
Kindbrand
OriginCN
Name in Chinese 领克 Lǐngkè “LING-kuh”
Top of the chainLi Shufu
Is it Chinese? Yes

The chain, step by step

  1. Li Shufu owns Geely Holding at 82.23% since 1986.

    Li Shufu founded Geely Holding in 1986 and owns 82.233% of it directly; his son Li Xingxing holds 8.0583% and Ningbo Yima Enterprise Management Partnership 9.7087%, which Polestar's 2025 annual report summarises as Li Shufu owning about 91.9% directly or indirectly.

  2. Geely Holding owns Lynk & Co at 100% since 2016.

    Lynk & Co began in 2016 as a three-way venture of Geely Auto, Volvo Cars and Geely Holding. Under an equity transfer agreement of November 2024, completed in February 2025, Zhejiang Zeekr bought 20% from Geely Holding and 30% from Volvo Cars for RMB 9,104,721,000 in total and subscribed about RMB 367,347,000 of new capital, leaving Lynk & Co 51% held by Zhejiang Zeekr and 49% by another Geely Automobile Holdings subsidiary. Since Zeekr itself became wholly owned by Geely Automobile Holdings in December 2025, the whole brand now sits inside the listed arm.

Former owners

Holdings that have ended. They are here because the story needs them and are never part of the current tree.

  1. Volvo Cars formerly held Lynk & Co at 30% from 2016 until February 2025.

    Volvo Cars held 30% of Lynk & Co from its founding until Volvo Cars (China) Investment Co. transferred the stake to Zhejiang Zeekr under the November 2024 agreement, which completed in February 2025. Volvo Cars' 2025 accounts record proceeds from the divestment of the Lynk & Co shares.

Every holding above this entity, with the stake and the date it began.
Holder Holds Kind Stake Since
Li Shufu Geely Holding owns 82.23% 1986
Geely Holding Lynk & Co owns 100% 2016

Lynk & Co: questions people ask

Who owns Lynk & Co?
Geely. The brand is 51% owned by Zeekr and 49% by another Geely Automobile Holdings subsidiary, and since Zeekr itself became wholly owned in December 2025 the whole of Lynk & Co sits inside Geely Automobile Holdings.
Does Volvo still own part of Lynk & Co?
No. Volvo Cars held 30% from the founding in 2016 until it sold to Zeekr in a deal agreed in November 2024 and completed in February 2025.
What does Lynk & Co mean?
Nothing literal. The name was picked to travel well in export markets, in the pattern of two-word fashion labels. The Chinese name 领克 (Lǐngkè) sounds close to 'Lynk' and reads as 'lead' plus 'overcome'.
Is Lynk & Co sold in the United States?
No. It sells in China, several European countries, the Gulf, Kazakhstan, Mexico and Vietnam, but has no US presence.

Related

Sources for Lynk & Co

  1. Geely Auto, Geely Auto Exceeds 3.02 Million Vehicle Sales in 2025, Sets New Growth Targets for 2026. Read .
  2. Geely Automobile Holdings Limited (HKEXnews), Geely Automobile Holdings Limited, interim results for the six months ended 30 June 2025. Read .
  3. Gasgoo, Geely Auto Reports Record 2025 Revenue of CNY 345.2 Billion and 3.02 Million Vehicle Deliveries. Read . Reports the 2025 results announcement, including the store count.
  4. Geely Auto, Geely Auto Achieves Record Overseas Growth in First Half of 2026. Read . New markets for the 900 and 08.
  5. Wikipedia, Lynk & Co (article). Read . Finding aid for the 2016 three-way founding, the CMA platform and the origin of the name.
  6. Lynk & Co, Lynk & Co international site. Read . European country sites listed in the site's own selector.
  7. Wikipedia, List of automobile manufacturers of China. Read . Lynk & Co listed as a Geely Holding brand.
  8. MarketScreener, Volvo Car Sells Lynk & Co Stake to Zhejiang Geely's Subsidiary For $748 Million. Read . Headline confirming the sale of Volvo Cars' Lynk & Co holding to a Geely subsidiary; read via the search index.
  9. Lotus Technology Inc (U.S. Securities and Exchange Commission), Lotus Technology Inc., Form 20-F for the year ended 31 December 2025, Item 6.E Share Ownership, footnote 6. Read . Percentages as disclosed for 28 February 2026.
  10. Polestar (U.S. Securities and Exchange Commission), Polestar Automotive Holding UK PLC, Form 20-F for the year ended 31 December 2025, Item 7.A. Read .
  11. Zhejiang Geely Holding Group, Geely Holding Supports Strategic Integration between Zeekr and Lynk & Co. Read .