Pakistan's Dedicated Automobile Blog
Daimler’s main Chinese joint venture partner BAIC Group plans to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage its rival Geely, according to Reuters.
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German startup Volocopter said it plans to form a partnership with Chinese automaker Geely that will bring its air taxis to China. According to Volocopter, it has raised 50 million Euros ($55.13 million) in fresh funding from the Chinese company and others including Daimler AG.
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Daimler AG has officially announced that China’s BAIC Group now owns a 5% equity interest in the German company. This further cements the partnership between both companies that has existed since 2003 as BAIC operates a joint venture with Daimler AG in China.
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German auto giant Daimler AG will build its next generation of Smart compact cars in China through a joint venture with Zhejiang Geely Holding Group
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Daimler AG is nearing the sale of a 50% stake in its small-car brand Smart to China’s Geely Automobile Holdings Ltd, the Financial Times said on Tuesday
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Daimler Chief Executive Dieter Zetsche said the carmaker is in talks about deepening its cooperation with Geely, even as German politicians draw up measures to protect German industry from foreign rivals.
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German markets regulator BaFin has ended its investigation into the purchase of a stake in Daimler by Chinese carmaker Geely and decided not to impose fines against Geely over disclosure …
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Daimler Mobility Services GmbH and Geely Group Company, Zhejiang Geely Holding Group’s new business subsidiary, has announced to build a joint venture (JV) in China to provide premium ride-hailing services. …
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Daimler has a backup plan to protect itself from any unsolicited takeover bid should its new Chinese investor turn unexpectedly hostile. Li Shufu, founder of Geely and owner of Volvo …
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The National Logistics Cell (NLC) has signed a memorandum of understanding (MoU) with Daimler AG for the local assembly and production of Mercedes‐Benz trucks in Pakistan. Related: FAW Delivers OGRA …
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