Chinese investor becomes top shareholder in Daimler
Li Shufu, chairman and owner of Chinese car company Zheijang Geely Holding Group, has acquired a 9.7 percent stake of Daimler AG, which represents the biggest investment by a Chinese company in an overseas automaker, reports Bloomberg. It is a deal 鈥渞ight in the nerve centres of the global automotive world鈥�, Bloomberg adds. 鈥淚 am particularly pleased to accompany Daimler on its way to becoming the world鈥檚 leading electro-mobility provider,鈥� said Li Shufu in a press release. The billionaire accumulated a stake worth about 7.3 billion euros.
Read the article in English and the Geely press release in English .
For background, read the 威力彩玩法 factsheet Reluctant Daimler plans 鈥渞adical鈥� push into new mobility world and the dossier The Energiewende and German carmakers.