With Daimler Deal, Geely Puts China Flag in German Heartland

Everywhere you look read Hear > it all points to Lithium Lithium EV EV

The founder and chairman of Zhejiang Geely Holding Group Co. has become the top shareholder in Daimler AG, the German company that traces its roots to Benz, and inherits a storied legacy with inventions such as the world’s first diesel car. The 7.3 billion-euro ($9 billion) stake, disclosed on Friday and first reported by Bloomberg, represents the biggest investment by a Chinese company in an overseas automaker -- and one right in the nerve centers of the global automotive world.
The maneuver by the photographer-turned self-made billionaire comes at a time when battery-powered vehicles and self-driving automobiles are poised to herald a new era. Technology companies like Google and Apple Inc. with vast financial resources are vying for a role in the world of automaking. To survive, traditional manufacturers can no longer go it alone, Li says.

https://www.bloomberg.com/news/arti...e-flag-in-heart-of-germany-with-daimler-stake