On February 7th, Geely Automobile announced that, in order to introduce Zeekr brand new energy vehicles into the Mexican market, it has entered into a whole vehicle procurement agreement with Zeekr.
According to the agreement, Geely Automobile conditionally agrees to purchase whole vehicles, as well as related aftermarket parts and accessories from Zeekr Group for resale in Mexico. As of the end of the three fiscal years on December 31, 2026, the proposed annual maximum limits under the whole vehicle procurement agreement will be approximately 674 million yuan, 1.564 billion yuan, and 3.129 billion yuan respectively.
At the same time, Geely Holding Group will no longer provide travel services to Zeekr Group, which will now be provided by Geely Technology Group.
On the same day, Geely Automobile, Geely Holding, Lynkco, Zeekr, and Geely Technology Group entered into an operational services agreement covering the provision of operational services, with the agreement valid until December 31, 2025.
Geely Technology Group's operational services include but are not limited to IT, logistics, supplier quality engineering services, manufacturing engineering services, procurement services, human resources and other administrative management services, travel services, new energy vehicle charging services, construction management services, and after-sales services.
Public data shows that Geely Automobile officially entered the Mexican market in November last year with the Coolray and Geometry C leading the way. Meanwhile, Zeekr brand accelerated its globalization layout last year and has now entered markets such as Israel and the Middle East.
As one of the countries closest to the United States, Mexico is one of the overseas markets that Chinese car companies are focusing on. Sales figures show that Mexico is the second largest country for China's automobile exports.
