On December 13, BAIC Group announced that it has held 9.98% of Daimler AG's shares in 2019 through continued investment. After increasing its shareholding, BAIC also surpassed Geely (holding 9.69% of Daimler AG), becoming Daimler's largest shareholder.
At present, Daimler Group holds 9.55% of the shares of BAIC Group in Hong Kong-listed Baiqi Motor (1958.HK) and 2.46% of the shares of BAIC Group in the A-share listed company BAIC Blue Valley (600733.SH), and cross-shareholding will help the high-quality development and long-term success of the two sides in the Chinese market.
In recent years, BAIC Group and Daimler Group have successively launched a series of high-end new energy vehicle products. By the end of 2021, Mercedes-Benz will introduce a total of 4 pure electric models in China, including EQA, EQB, EQC and EQS, of which the first 3 have been put into production in China, and the new EQE will also be produced in China in 2022.
The new EQE of domestic Mercedes-Benz is in the road test stage, the new car is based on the EVA 2.0 platform, the appearance and interior adopt a similar design to the new flagship sedan EQS, its length is 4.96 meters, the wheelbase is 3.1 meters. The new car is equipped with a battery pack with a capacity of 90.6kWh, and supports 170kW fast charging, which can be fully charged with 80% power in 31 minutes, and the cruising range is 660km under WLTP conditions. In the future, Mercedes-Benz EQE will also launch dual-motor and AMG models.