China’s Geely Automobile recently bought Daimler and bought nearly 10% of its shares as its largest shareholder. Daimler recently stated that it wants to strengthen its partnership with the mainland partner Beijing Automotive Group and has already acquired the Group’s subsidiary Beiqi New Energy. 3.93% of the shares in the vehicle. Daimler and BAIC Group, in order to strengthen the strategic cooperation in the field of new energy vehicles, signed a framework agreement to strengthen cooperation in June 2017, which included the decision of Daimler to invest in BAIC New Energy. Daimler We hope to further understand the new energy vehicle market and customer demand in mainland China through close cooperation with BAIC Group and BAIC New Energy. Hubertus Troska, Mainland Director of Greater China, Daimler said that investment in Beijing New Energy Vehicles Another milestone in the close cooperation between Daimler and BAIC in the new energy industry in Mainland China also underscores Daimler’s commitment to further develop electric vehicles in the mainland. Beijing Automotive Group Chairman Xu Heyi stated that BAIC and Daimler have long maintained a deep understanding The strategic cooperation relationship, New Energy Vehicles is one of Beiqi’s core businesses. Daimler’s shares in Beiqi New Source, further expand the partnership between the two areas, and 'North worn cooperation' into a new stage of development.
