Geely swoops on Daimler technology

Chinese carmaker Geely has become Mercedes-maker Daimler’s largest investor, taking a $9 billion-stake – 9.7 percent of Daimler’s shares – for access to know-how in electric and self-driving vehicles

Dr. Dieter Zetsche: Chairman of Daimler AG and Mercedes-Benz Cars

Li Shufu: Chairman of Zhejiang Geely Holding Group Co. Ltd. and Volvo Cars

Ownership of Daimler shares

Market capitalization $92.36 billion
Geely market capitalization $30 billion

3.1% Renault/Nissan 
6.8% Kuwait Investment Authority 
9.7% Li Shufu
19.0% Private investors
61.4% Institutional investors 

Chinese share of global plug-in vehicle deliveries (2017)
China: 803,500 65.67%             
World: 1,223,600   

605,500 plug-in passenger cars, including 24,800 imports...

...and 198,000 commercial vehicles,  mostly electric buses

Daimler has joint ventures with Chinese EV makers BYD and BAIC Motor Corp



Sources: Bloomberg, Daimler, EV Volumes Pictures: Associated Press © GRAPHIC NEWS