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China's Geely makes $9 billion Daimler bet against tech invaders

China's Geely makes $9 billion Daimler bet against tech invaders

Sun, Feb 25, 2018

Chinese carmaker Geely has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner`s technology in the growing battle for the future of automotives. The purchase by Li Shufu, Geely`s founder and main owner, means China`s larges

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