{"id":15086,"date":"2018-03-22T16:14:08","date_gmt":"2018-03-22T15:14:08","guid":{"rendered":"https:\/\/www.china-certification.com\/en\/?p=3760"},"modified":"2023-02-09T11:46:43","modified_gmt":"2023-02-09T10:46:43","slug":"chinese-automaker-geely-acquires-daimler-shares-worth-7-3-billion-euros","status":"publish","type":"post","link":"https:\/\/www.china-certification.com\/en\/chinese-automaker-geely-acquires-daimler-shares-worth-7-3-billion-euros\/","title":{"rendered":"Chinese automaker Geely acquires Daimler shares worth 7.3 billion euros"},"content":{"rendered":"

On February 23, 2018, the Chinese automaker Geely<\/strong>, represented by the CEO Li Shufu, now reported to be the largest single shareholder of Daimler AG<\/strong>. With the acquisition of 9.7 percent of Daimler shares worth 7.3 billion euros Geely wants to position itself more strongly in the market of electric vehicles and self-driving cars and compete with Google and Apple. According to CEO Li, Daimler has strengthened the investment in recent years in new technologies. Li’s Geely Automotive hopes to increase its cooperation in alternative vehicle drives and online services by purchasing the shares.<\/p>\n

To buy into the traditional German manufacturer was an easy game for the billionaire Li Shufu, as Daimler, in contrast to the competitors BWM and VW is not under the control of an influential owner family. Daimler was anything but pleased with the Chinese investment. In autumn 2017, an obvious attempt to buy shares of 5 percent was denied. In response, Li acquired the shares on the open market and surprised Daimler with his announcement last week.<\/p>\n

However, Chairman Li wants to actively support the Group in the future, but does not intend to fill one of the seats on the Supervisory Board. In order to present his plans, he has already completed a meeting with the Daimler CEO Dieter Zetsche in the Stuttgart headquarters.<\/p>\n

Geely has already taken over the automakers Volvo, Proton and Lotus in the past.<\/p>\n

\"\"<\/p>\n

For more information on how CCC certification may affect your company, or for more information about\u00a0CCC certification<\/strong><\/a>\u00a0in general, the\u00a0process<\/strong><\/a>, and the associated\u00a0costs<\/strong><\/a>, please visit our\u00a0website<\/a><\/strong>\u00a0and our\u00a0News Section<\/strong><\/a>\u00a0where you will find current updates twice a week.<\/p>\n

Please do not hesitate to contact us for further details and consultation. You can contact us via\u00a0e-mail<\/strong><\/a>, or call us (UK:\u00a0+44 2071931135<\/strong>, Rest of Europe:\u00a0+49 69 2713769150<\/strong>, US:\u00a0+1 773 654-2673<\/strong>).<\/p>\n

You can also check out our free CCC-Brochure, which can be downloaded right\u00a0here<\/strong><\/a>\u00a0as a PDF file or you consult our book (in English) \u201cA Brief Guide to CCC: China Compulsory Certification\u201d, which can be found directly\u00a0here<\/strong><\/a>\u00a0on Amazon.<\/p>\n","protected":false},"excerpt":{"rendered":"

On February 23, 2018, the Chinese automaker Geely, represented by the CEO Li Shufu, now reported to be the largest single shareholder of Daimler AG. With the acquisition of 9.7 percent of Daimler shares worth 7.3 billion euros Geely wants to position itself more strongly in the market of electric vehicles and self-driving cars and […]<\/p>\n","protected":false},"author":4,"featured_media":3761,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[106],"tags":[],"class_list":["post-15086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-further-topics"],"acf":[],"yoast_head":"\nChinese automaker Geely acquires Daimler shares worth 7.3 billion euros<\/title>\n<meta name=\"description\" content=\"After the purchase, Geely holds 9.7 percent of Daimler's shares and expects to benefit from this cooperation in alternative vehicle drives and services.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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name=\"author\" content=\"Julian Busch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Julian Busch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/chinese-automaker-geely-acquires-daimler-shares-worth-7-3-billion-euros\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/chinese-automaker-geely-acquires-daimler-shares-worth-7-3-billion-euros\\\/\"},\"author\":{\"name\":\"Julian Busch\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#\\\/schema\\\/person\\\/4f5cd923141741b7fe96721b17c464bf\"},\"headline\":\"Chinese automaker Geely 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