Chinese Firms Own 20 Percent of Stake in Mercedes Maker

Tiffany Meier
By Tiffany Meier
December 14, 2021China in Focus

Chinese companies now own nearly 20 percent of stake in Daimler, the maker of Mercedes-Benz. The German carmaker announced Monday, that the Chinese state-owned Beijing Automotive Group currently has a 9.98 percent stake in the company. That’s in addition to Chinese car company Geely Holding Group’s 9.7 percent stake.

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