China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a planned overhaul for the sprawling automotive group.

Zhejiang Geely Holding Group Co. plans to integrate its premium electric vehicle brand Zeekr with its smart car marque Lynk & Co. in a restructuring aimed at eliminating duplication and saving costs,

Zeekr will gain a controlling share of Lynk & Co and access to its dealer network. There is currently overlap between Zeekr and Lynk and parent company Geely wants to streamline the business and cut costs.