Geely Founder Li Shufu is a new shareholder of Daimler AG / Li Shufu acquired 9.69 percent of voting shares/long-term investment/focus on digital technology services and electro-mobility

Hangzhou/Stuttgart (ots) - A subsidiary of Geely Group Co., LTD.,
Hangzhou, China, a company owned by Li Shufu and managed by Zhejiang
Geely Holding Group Co., LTD, Hangzhou, China, has acquired a 9.69
percent stake in Daimler AG, Stuttgart.

"Daimler is an outstanding company with a first-class management.
It will be an honor to support this unique team under the leadership
of Dieter Zetsche in the future," said Li Shufu, chairman and owner
of Zhejiang Geely Holding Group and Geely Group. "I am particularly
pleased to accompany Daimler on its way to becoming one of the
world's leading electro-mobility providers."

The share purchase makes Li Shufu currently the single largest
shareholder of Daimler AG and points to a long-term commitment. For
the time being neither Geely Group nor any other company in the
Zhejiang Geely Holding Group intend to acquire additional shares. Li
Shufu: "I will fully abide by the company charter and governance
structure of Daimler and respect its values and culture".

With revenue exceeding RMB 270 billion (about USD 43 billion) in
2017, the Zhejiang Geely Holding Group is China's largest privately
owned automotive manufacturing company and one of the world's leading
providers of electro-mobility. Major assets of the group include
leading Chinese automaker Geely Automobile Holdings Ltd., Hangzhou
(46 percent), Volvo Cars, Gothenburg, Sweden (100 percent), Lotus
Motor Cars, Norfolk, UK (51 percent), Proton Cars, Malaysia (49.9
percent) and London Taxi, Coventry, UK (100 percent).

Geely Group owns one of China's largest car-sharing providers, Cao
Cao (100 percent), operating a fleet of around 16.000 electric
vehicles worldwide.

Li Shufu: "The competitors that challenge the global car industry
in the 21st century technologically are not part of the automotive
industry today. But challenges create opportunities. No current car
industry player might win this battle against the invaders from
outside without friends. To achieve and assert technological
leadership, one has to adapt a new way of thinking in terms of
sharing and united strength. My investment in Daimler reflects this
vision."

Please find further information at www.geely-project.com

Contact:
Dirk Grosse-Leege
Cardo Communications GmbH
Friedrichstrasse 120
10117 Berlin, Deutschland
Phone: + 49 30 24087620
Mail: dgl@cardocommunications.com

Original-Content von: Zhejiang Geely Holding Group, übermittelt durch news aktuell