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Mercedes-Benz acquired by Geely? Geely Holding Group invested in Daimler and became its largest shareholder

2023-09-25
Latest company news about Mercedes-Benz acquired by Geely? Geely Holding Group invested in Daimler and became its largest shareholder

Mercedes-Benz not acquired by Geely, Geely Holding Group invested in Daimler and became its largest shareholder

Mercedes-Benz has not been acquired by Geely. Geely Holding Group has, however, invested in Daimler AG and holds 9.69% of Daimler's voting shares, making it Daimler's largest shareholder. Geely has committed to holding its equity for the long term, but it does not own Mercedes-Benz. Here is an introduction to Geely:

Geely Automotive Group currently includes the Geely Auto, LYNK&CO, Zeekr and Geometry brands, with a 49.9% stake and full management rights in Proton Motors, as well as a 51% stake in luxury sports car brand Lotus.

Introducing Geely Automobile:
Geely Automobile Group is a subsidiary of Zhejiang Geely Holding Group and is headquartered in Hangzhou, Zhejiang, China. We have established automobile and powertrain manufacturing bases in Taizhou & Ningbo of Zhejiang province, Xiangtan of Hunan province, Chengdu of Sichuan province, Baoji of Shaanxi province, and Jinzhong of Shanxi province, and overseas factories in countries and regions such as Belarus.