Geely Automobile has recently announced that it has made a privatization offer to the board of directors of Krypton, and plans to buy back the tradable shares at a price of 11.5 US dollars per share. Krypton will delist from the NYSE and return to the Geely system.
After delisting, Krypton will share the R&D resources of SEA’s vast architecture with brands such as Geely Galaxy and Lotus. Geely insiders revealed that the high-performance electric drive technology of Krypton 001 FR will be decentralized to the Galaxy series, and the intelligent cockpit system of Galaxy will also feed back the Krypton model. In terms of sales channels, Krypton direct stores will gradually merge into Geely’s "4S+ Shangchao" mixed network, and it is estimated that the channel cost will be saved by over 1.5 billion yuan every year.
The deep logic of this integration lies in responding to changes in the industry. After returning to the Group, Krypton can rely on Geely’s supply chain advantages to reduce costs, and the capacity utilization rate of its Ningbo factory is expected to be improved.
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