HANGZHOU, China and
STUTTGART, Germany, February 24, 2018 /PRNewswire/ --
Li Shufu acquired 9.69 percent of
voting shares / long-term investment / focus on digital technology
services and electro-mobility
A subsidiary of Geely Group Co., LTD., Hangzhou, China, a company owned by Li Shufu
and managed by Zhejiang Geely Holding Group Co., LTD, Hangzhou, China, has acquired a 9.69 percent
stake in Daimler AG, Stuttgart.
"Daimler is an outstanding company with a first-class
management. It will be an honor to support this unique team under
the leadership of Dieter Zetsche in
the future," said Li Shufu, chairman and owner of Zhejiang Geely
Holding Group and Geely Group. "I am particularly pleased to
accompany Daimler on its way to becoming one of the world's leading
electro-mobility providers."
The share purchase makes Li Shufu currently the single largest
shareholder of Daimler AG and points to a long-term commitment. For
the time being neither Geely Group nor any other company in the
Zhejiang Geely Holding Group intend to acquire additional shares.
Li Shufu: "I will fully abide by the company charter and governance
structure of Daimler and respect its values and culture".
With revenue exceeding RMB 270
billion (about USD 43 billion)
in 2017, the Zhejiang Geely Holding Group is China's largest privately owned automotive
manufacturing company and one of the world's leading providers of
electro-mobility. Major assets of the group include leading Chinese
automaker Geely Automobile Holdings Ltd., Hangzhou (46 percent), Volvo Cars,
Gothenburg, Sweden (100 percent),
Lotus Motor Cars, Norfolk, UK (51
percent), Proton Cars, Malaysia
(49.9 percent) and London Taxi, Coventry,
UK (100 percent).
Geely Group owns one of China's
largest car-sharing providers, Cao
Cao (100 percent), operating a fleet of around 16.000
electric vehicles worldwide.
Li Shufu: "The competitors that challenge the global car
industry in the 21st century technologically are not part of the
automotive industry today. But challenges create opportunities. No
current car industry player might win this battle against the
invaders from outside without friends. To achieve and assert
technological leadership, one has to adapt a new way of thinking in
terms of sharing and united strength. My investment in Daimler
reflects this vision."
Please find further information
athttp://www.geely-project.com
Contact: Dirk
Grosse-Leege, Cardo Communications GmbH, Friedrichstrasse
120, 10117 Berlin, Deutschland, Phone: + 49-30-24087620, Mail:
dgl@cardocommunications.com