It is the owner of Volvo cares, LEVC, the black cabs of London maker, and in 2017 took a majority share in Proton the Malaysian automaker, a stake of $3.3 billion in Volvo trucks and control of Terrarfugia the flying vehicle start up business.
Geely on Saturday announced that it did not have any plans for now to increase its stake any further.
The German automaker announced the news in a regulatory filing on Friday.
China is now the largest market for auto sales, and virtually all Western automakers have operations there, typically with a Chinese partner.
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Last week was an outstanding performance, which would allow you to think we came into this game with a great opportunity. The Dons, too, were victims of a setback last time out, in their case a 2-0 loss to Hibernian at Easter Road.
The company said that the Chinese businessman who owns the Geely automotive group bought a 9.69 percent stake in Daimler. "At the same time, this opens another path into China for Daimler".
Dailmer didn't say whether Mr. Li would get a board seat, but said it looked forward to discussing the investment with him.
The purchase of the stake follows an approach initially last November, when Li sought the purchase of Daimler as a way to access the technology of Mercedes Benz for electric trucks and cars.
"It will be an honour to support this unique team under the leadership of Dieter Zetsche in the future", Li Shufu, chairman and owner of Zhejiang Geely Holding Group and Geely Group said in a statement. HNA Group Co has a stake of about 8.8 per cent in Deutsche Bank AG, and industrial-robot maker Kuka was purchased by Midea, the world's largest appliance maker a few years ago.
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He had microdiscectomy surgery on his back on November 21. That's why you go through practice situations. That tournament is three weeks away.
In December, Li became the biggest shareholder in Sweden's Volvo AB, the world's second-largest truckmaker. It also has a strong 49 per cent stake in the Malaysian brand Proton, ownership of LEVC (responsible for making London cabs), and a stake in the flying-car start-up Terrafugia.
Daimler firmed up plans toward the end of 2017 to break up its rigid conglomerate structure, instead creating a holding company with three separate units: Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and the financial-services division.
Daimler told Bloomberg that it welcomes another major investor and views the move as a vote of confidence.
Kuwait's sovereign wealth fund owned about 6.8 percent of Daimler's shares as September 30, according to Thomson Reuters data.
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And this is the larger point: Oftentimes, by refusing to take risks, you inadvertently end up placing wagers of a different kind. In the 75 minute Messi stepped up with the equalizer, after a really poor mistake by a Chelsea defender Andreas Christensen.
In December previous year, it advanced further onto Daimler's turf, investing in AB Volvo, the world's No. 2 truck manufacturer after the Stuttgarters.