China’s Geely buys $9-billion stake in Germany’s Daimler
George Mienie2022-01-21T12:00:43+02:00It has been confirmed that Geely Automotive has acquired an estimated $9 billion stake in Daimler. The Chinese automotive giant is now the German firm’s single largest shareholder with 9,69% ownership of the company. According to Reuters, Shufu was seeking an alliance with Daimler so they could enhance developments on autonomous and electric vehicles. Daimler’s [...]