Daimler AG welcomes new long-term shareholder

Chairman Of Chinese Car Company Zhejiang Geely Holding Group has acquired close to 10 per cent of Mercedes-Benz owner Daimler

Stuttgart February 24, 2018; Daimler AG confirms that the entrepreneur Li Shufu has acquired 9.69% (103,619,340 shares) of the company. Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder, which is convinced by Daimler’s innovation strength, the strategy and the future potential.

Daimler knows and appreciates Li Shufu as an especially knowledgeable Chinese entrepreneur with clear vision for the future, with whom one can constructive discuss the change in the industry.

Daimler has got a broad-based portfolio and footprint in China and with BAIC a strong partner on site.