Daimler welcomes long-term shareholder from China

Updated 2018-02-25 09:53:03 Xinhua

While confirming that Chinese entrepreneur Li Shufu, Chairman of Zhejiang Geely Holding Group, has acquired 9.69 percent of the Daimler AG shares, the German automotive manufacturer said in a press information sent to Xinhua on Saturday that it welcomes the new long-term shareholder.

"Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder," said the German automaker giant.

The Stuttgart-based carmaker appreciated Li Shufu as "an especially knowledgeable Chinese entrepreneur with clear vision for the future, with whom one could constructive discuss the change in the industry."

With the purchase of the nearly 9.7 percent of shares, Geely has become the largest single shareholder of Daimler AG.

Last year, Daimler achieved significant sales growth of Mercedes-Benz cars in China and also increased the share of locally produced.

The German automaker said in the press release that it had got "a broad-based portfolio and footprint in China, and with Beijing Automotive Industry Holding (BAIC) a strong partner on site."

Geely, a Chinese multinational automobile manufacturer headquartered in east China's Hangzhou city, has owned Swedish passenger carmaker Volvo Cars since 2010.

At the end of last year, Geely also became the largest shareholder of the commercial vehicle manufacturer Volvo Trucks.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 23 2019 16:17:16

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 23 2019 16:17:16

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 23 2019 16:17:16

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords