21:15, 26-Feb-2018
China Auto Industry: Shares of carmaker Geely surge after stake acquisition in Daimler
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Chinese carmaker Geely has become the biggest investor in Mercedes-Benz owner Daimler, after building up an almost 10% stake. Shares for Geely surged after its 9-point-2 billion dollar acquisition. It says it hopes to cooperate with the German giant on electric cars. Geely already fully-owns Sweden's Volvo and black cab maker London Taxi Company.
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Copyright © 2018 CGTN. Beijing ICP prepared NO.16065310-3
Copyright © 2018 CGTN. Beijing ICP prepared NO.16065310-3