Geely Li Shufu holds 9.69 percent to become Daimler's largest shareholder

Release time:

2019-10-31

Source:

Regulatory documents released on the 23rd of US time show that through a company called Tenaclou3 Prospect Investment Ltd. Li Shufu, founder and chairman of Zhejiang Geely Holding Group, owns about 9.69 percent of German auto manufacturing giant Daimler and currently has a market capitalization of nearly $9 billion.

This shareholding means that Li Shufu is the largest shareholder in Daimler, which owns car brands such as Mercedes-Benz. Bloomberg reported that a Daimler spokesman said that the acquisition of shares is Li Shufu's personal investment.

　　

吉利李书福持股9.69% 成戴姆勒最大股东

 

In this regard, a Daimler Group spokesperson said in an interview: "This acquisition of shares is Li Shufu's personal investment, and I am very happy to welcome another long-term investor". It is understood that Geely has been buying Daimler shares in the stock market so that its shareholding ratio is only slightly less than 10%. Among them, Geely, headquartered in Hangzhou, may announce this transaction in the next few days and become Daimler Group. The largest shareholder.

Reuters quoted people familiar with Li's thinking as saying that his strategic goal is to form an industry alliance with Daimler. He believes that in the new competitive situation, only one or two or three of the existing manufacturers may survive, and manufacturers should unite and invest in the future.

The Wall Street Journal said Daimler did not disclose whether Li Shufu would join the board of directors, but said it welcomed the investment as a vote of confidence in the company's future and looked forward to discussing it with him.

Li Shufu already owns Volvo Cars, Polestar Cars, Lynk & Co., Geely Cars, London Electric Cars, Long-range Commercial Vehicles and other brands. Geely Holdings has also made strategic investments in Proton Motors, Lotus Motors and Taili Flying Cars.

In January this year, Geely announced that last year's car sales exceeded 1.24 million, a year-on-year increase of 63%. This year's sales target is 1.58 million.

According to Geely's 2020200 plan, Geely Automobile will achieve its goal of producing and selling 2 million vehicles a year by 2020, enter the top ten global auto companies, and at the same time become the most competitive and respected Chinese auto brand.

Previous Page

Industrial robot control system, you must master these aspects

Big data-related applications deepen technical talent gap difficult to fill

Next Page

Previous Page

Industrial robot control system, you must master these aspects

Next Page

Big data-related applications deepen technical talent gap difficult to fill

Business License

This site already supports IPV6 tags