As we all know, Geely Group has always been the largest shareholder of Benz's parent company Daimler AG (hereinafter referred to as "Daimler Group"), but the shareholding relationship between the two seems to have changed recently, and its "title" of the largest shareholder has been seized by another Chinese car company, BAIC Group.
On December 13, Beijing Automotive Group Co., Ltd. (hereinafter referred to as "BAIC Group") announced that it has increased its original 5% stake in Daimler to 9.98%, which will allow the company's shares to surpass geely group's 9.69% voting shares and become Daimler's largest shareholder.
In order to strengthen the long-term strategic cooperation between the two sides, the two sides will cross-shareholding, which means that Daimler Group will also hold 9.55% of the shares of BAIC Group listed in Hong Kong (BAIC Motor) and 2.46% of the shares of BAIC Group in the A-share listed company (BAIC Blue Valley).
According to the data, Geely Group has been the largest shareholder of Daimler Group in February 2018, after spending a total of about $9 billion at a price of about $87 per share to acquire 9.69% of the voting shares of Daimler AG through its overseas corporate entities, and its annual profits are also rich.
Despite this, the cooperation between Geely Group and Daimler Group has only officially begun from the domestic Smart, and the two have jointly created a new car for Mercedes-Benz Smart, which will be built based on Geely's SEA vast platform, or named Smart Genie.
The BAIC Group has always been a cooperative company of the Daimler Group, and the two were the first to establish a cooperative relationship in China. According to the data, the cooperation between Daimler and BAIC began in 2003, and the cooperation areas include production, research and development and sales. In addition, BAIC owns a 6.5% stake in Daimler Trucks Holdings.
Now BAIC Group will replace Geely Group as the largest shareholder of Daimler Group, and some analysts believe that with the change of equity, it will make the cooperation between BAIC and Daimler Group closer.
After all, with the development trend of new energy, BAIC exceeds the voting shares of Geely Group, and Daimler will also receive more technical cooperation support from BAIC in the field of new energy, on the contrary, the increase of equity can consolidate the positive role of Beijing Benz domestic production and achieve a win-win situation.
It is worth mentioning that this is also the first official announcement of Daimler's cross-shareholding since 2019.
Perhaps the increase in the rights issue will have a great relationship with the upgrading of the future product line, and as new energy becomes a major trend, the product line of Beijing Benz will be expanded.
With the arrival of EQA/EQB/EQC and EQE, more imported new energy models may be able to achieve domestic production in the future.
Netizen 1: Centennial Mercedes-Benz destroyed in **! It is imperative to improve the quality of the new car first!
Netizen 2: After all, Beijing Benz is the last straw for BAIC's business.
Netizen 3: I can feel cere-EU's concern about Daimler being acquired by a Chinese-funded company.
Netizen 4: Looking forward to the new model jointly launched by BAIC and Daimler.
Netizen 5: On the road of "nationalization" of Mercedes-Benz!
Netizen 6: BAIC and Daimler can be called models of Sino-German cooperation in the past two decades.
Netizen 7: BMW and Audi have increased their joint venture shares, can Mercedes-Benz not be in a hurry?