Car tycoon says Daimler investment to serve Geely, China interests

Sarah Daiin Beijing
Li Shufu, founder and chairman of Geely, seen at Volvo's S90 news conference in Shanghai on November 2, 2016. Photo: Reuters

Chinese auto tycoon Li Shufu said his recent US$9 billion investment in Daimler was all about helping his company and the country.

The founder and chairman of Geely Automobile became the largest single shareholder in Mercedes-Benz maker Daimler last month after purchasing a 9.7 per cent stake in Daimler, via open market transactions.

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