How much shares of Mercedes-Benz did Geely acquire?
2 Answers
Geely acquired 10% shares of Mercedes-Benz. Here are the details: Introduction: After years of development, Geely has become a benchmark among independent brands, with outstanding performance in both sales and reputation. Geely has successively acquired several well-known overseas automakers and utilized their technology and brand power to continuously improve Geely's product line. Purpose: The purpose is not just for profit. After taking over, Geely can enhance its own strength through relevant cooperation, learn a lot of high-end technologies to improve its product competitiveness. Moreover, after cooperating with Daimler, Geely's international reputation will also be greatly improved.
As a car enthusiast, I'm super interested in Geely's acquisition of Daimler! It was finalized in 2018, with Geely spending nearly 9 billion euros to acquire approximately 9.69% of Daimler Group's shares - just shy of the 10% mark, which was a crucial step in becoming a major shareholder. Daimler is the parent company of Mercedes-Benz, so this collaboration enabled Geely to make significant breakthroughs in electric vehicles and autonomous driving technology. For instance, they later jointly developed new platforms to improve battery efficiency. Just imagine a Chinese brand partnering with premium German engineering - it feels like the automotive world is about to be revolutionized! Our car enthusiast groups love discussing this deal because it's not just about numbers; it's driving the future of cooler and safer vehicles. I'm looking forward to more hybrid models from this partnership - who knows, maybe future Mercedes-Benz cars will incorporate more Chinese elements.