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

BEIJING/FRANKFURT (Reuters) – Chinese carmaker Geely [GEELY.UL] 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.


Source: Reuters

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