On December 13, BEIJING AUTOMOTIVE Group Co., Ltd. announced that it has held 9.98% of Daimler AG's shares in 2019 through continued investment, and through this increase, BAIC will surpass Geely to become Daimler's largest shareholder.
In February 2018, Geely Automobile announced that it had acquired 9.69% of the voting shares of Daimler AG through its overseas corporate entities. According to the relevant domestic policy provisions, in 2022 will be abolished passenger car foreign ownership restrictions, at this time node announced the increase in holdings, CAR brother speculated that BAIC Group is preparing for the change of Beijing Benz stock ratio next year, in advance.
According to the 2020 BAIC financial report data, BAIC achieved revenue of 176.973 billion yuan, of which Beijing Benz revenue was 169.69 billion yuan, accounting for 96%, an increase of 7.2% over 2019. It can be seen that Beijing Benz is the "profit cow" of BAIC Group.
By increasing its stake in Daimler this time, BAIC Group can directly hold shares in Beijing Benz to divide profits, and can also use Daimler's largest shareholder status to obtain profits from Beijing Benz, typical of long-term fishing for big fish.
In this way, Geely Automobile lost the "first position" of Daimler, but it has obtained the national property rights of Smart New Energy, and the future belongs to new energy, who laughs at the end is not certain.