How much stake did Geely acquire in Mercedes-Benz?
2 Answers
Geely's chairman acquired a 9.69% stake. Below are the detailed explanations: Introduction: Geely's chairman Li Shufu acquired a 9.69% stake in Daimler for approximately $9 billion, becoming the largest shareholder of Daimler, the parent company of Mercedes-Benz. Basic Information: This acquisition was disclosed in a regulatory filing on the evening of February 23 local time. According to reports, Geely's chairman Li Shufu purchased a 9.69% stake in Daimler through an investment fund. This shareholding ratio means that Li Shufu has become the largest shareholder of the Daimler Group.
I remember in 2018, Geely pulled off a major move by acquiring a 9.69% stake in Daimler AG—the parent company of Mercedes-Benz! As a car enthusiast, I was thrilled at the time. This deal transformed Geely from a small Chinese manufacturer into a global player overnight. Post-acquisition, Geely became Daimler's largest shareholder, leading to closer collaboration in electric vehicles and autonomous driving technologies, like the launch of the electric Smart models. Instead of splurging on a full company buyout, Geely strategically targeted shares—gaining access to Mercedes' technological expertise while mitigating risks. Now when I drive a Geely, I can't help but feel there's a touch of German engineering DNA in it, which feels like a great bargain. This international maneuver proves Chinese brands can compete in the premium market, potentially reshaping future joint-venture models.
