Zeekr is set to take control of Lynk & Co, acquiring 51% ownership to streamline operations and reduce competition within Geely's automotive portfolio. This move aims to enhance efficiency, with projected cost reductions in R&D and materials, while leveraging Lynk's sales network to boost Zeekr's market presence. In 2024, Zeekr reported an 81% growth in sales, outperforming Lynk's 40% increase, highlighting its rising prominence in the EV market.
BYD continues to lead the global EV revolution, while overall EV sales remain robust. In contrast, Toyota faces criticism for its stance on California's ZEV targets, potentially jeopardizing its future in the EV market. Meanwhile, solar power capacity has reached two terawatts, and significant investments in clean energy initiatives are reshaping the U.S. manufacturing landscape.
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