Geely becomes Daimler AG’s biggest shareholder
On February 24 Geely, which is owned by Li Shufu and controlled by Zhejiang Geely Holding Group Co., Ltd., announced that it has acquired a stake of approximately 9.69% in Daimler AG valued at around USD 9 billion, making it the biggest shareholder in the group.
Headquartered in Stuttgart, Germany, Daimler AG operate