Daimler takes a stake of 3.93% in Beijing Electric Vehicle Co. (BJEV), a subsidiary of Daimler’s long-term Chinese joint-venture partner BAIC which stands for Beijing Automotive Industry Holding Co. This is clearly counterproductive for Geely which justified its 9.69% Daimler stake with the potential to develop jointly electric vehicles for the Chinese market and possibly beyond.
08 Mar 2018
Geely as shareholder not really welcome
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Geely as shareholder not really welcome
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
08 Mar 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Daimler takes a stake of 3.93% in Beijing Electric Vehicle Co. (BJEV), a subsidiary of Daimler’s long-term Chinese joint-venture partner BAIC which stands for Beijing Automotive Industry Holding Co. This is clearly counterproductive for Geely which justified its 9.69% Daimler stake with the potential to develop jointly electric vehicles for the Chinese market and possibly beyond.