BAIC has owned Daimler shares of 9.98 percent since 2019. This has been announced by the German car manufacturer. So far, only a participation of five percent was known. Conversely, the Swabians hold 9.55 percent of the shares in the BAIC subsidiary BAIC Motor and 2.36 percent in BAIC Blue Park. BAIC has pledged not to increase its share any further. Mercedes CEO Ola Källenius was satisfied: He was pleased about the commitment of all long-term oriented shareholders, he said.
Daimler and BAIC have been partners in the construction and sale of cars in China for almost 20 years. The Asian country has long since become the most important single market in the world for Mercedes. By the end of 2021, four pure electric models with the three-pointed star are to be available at dealerships in China: EQA, EQB, EQC and EQS. The first three will be built on site. From next year, the EQE will also be produced in China.
Daimler’s second major shareholder also comes from China: the car company Geely, which includes the Volvo and Polestar brands, holds 9.7 percent of the shares.
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