The Chinese carmaker Geely has spent US$3 billion to buy a 3 per cent stake in Mercedes-Benz parent Daimler. Photo: Reuters

China’s Geely takes 3pc stake in Daimler with an eye on electric car venture with Mercedes parent

The German carmaker had rejected an offer by the Chinese carmaker to buy a 5pc stake last year

Topic |   Autos

TOP PICKS

The Chinese carmaker Geely has spent US$3 billion to buy a 3 per cent stake in Mercedes-Benz parent Daimler. Photo: Reuters
READ FULL ARTICLE