In early May, GEELY AUTO (00175.HK) -0.400 (-2.389%) Short selling $346.68M; Ratio 21.963% proposed privatizing its premium electric vehicle (EV) brand Zeekr (ZK.US) . Reuters cited three sources as saying that five early investors in Zeekr recently sent a letter to GEELY AUTO's board, arguing that the USD2.2 billion privatization offer significantly undervalued Zeekr and did not reflect its fair value.According to the report, these investors included CATL (03750.HK) +3.800 (+1.229%) Short selling $243.00M; Ratio 28.819% , Intel Capital, and Boyu Capital, all of whom participated in Zeekr's initial funding round. The other two co-signing investors were BILIBILI-W (09626.HK) -3.900 (-2.382%) Short selling $178.35M; Ratio 16.491% and Cathay Fortune Corp. These investors jointly sent two letters to GEELY AUTO and a special committee established to evaluate the offer, stating that the privatization price failed to reflect Zeekr's fair value.Related NewsUOB Kay Hian: CN Strict Crackdown on Predatory Pricing, Supplier Exploitation, Inventory Fraud Benefits LT Development of Auto SectorSources also revealed that the five investors pointed out in the first letter that the privatization price valued Zeekr at only USD6.5 billion, which was far below its industry peers such as LI AUTO-W (02015.HK) -3.000 (-2.660%) Short selling $134.09M; Ratio 9.982% , NIO-SW (09866.HK) -1.400 (-4.938%) Short selling $130.80M; Ratio 52.185% , and XPENG-W (09868.HK) -3.950 (-5.174%) Short selling $1.38B; Ratio 38.171% .(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-13 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)