A further Daimler-Geely partnership could be on the cards, following Zhejiang Geely Holding’s purchase of a 9.69% stake in Daimler AG. The German automaker intially was less than keen on the idea, having turned down an earlier offer from Geely to take up a 5% stake via discounted share placement for concerns of diluting existing Daimler stocks.
Now though, it appears that Mercedes-Benz and Geely could jointly develop a platform for electric vehicles, according to Manager Magazin. In a report, it is said Geely is keen to develop a new electric vehicle architecture which it plans to offer to other automakers, and is considering joint production of battery cells with Daimler as well.
The rumoured joint effort could also see Daimler supply Geely-owned Volvo with engines and other components, the German publication reported. As part of this suggested supply deal, Daimler would need to purchase a small stake in Volvo Cars, it added. “This is pure speculation which we will not comment on,” a Daimler spokesman told Reuters, while Volvo declined to comment.
Any industrial joint venture between Mercedes-Benz and Geely will be less than straightforward, due to the former’s existing partnerships with Chinese manufacturers BAIC and BYD, both competitors to Geely. Daimler had earlier announced plans to manufacture EVs with BAIC, where both companies might invest more than 11.9 billion yuan (RM7.35 billion) for a new plant in China.
Though Daimler CEO Dieter Zetsche has welcomed Geely chairman Li Shufu as a new shareholder, any industrial partnership will depend on whether or not current partner BAIC agrees.
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Geely Volvo Lotus Mesidis > All
Genius genius genius never fail to surprise. Now Proton have Mercedes DNA. Syabas Proton! – Faiz Roslan CEng
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Old story sudah basi
Who ever say Geely got no control over Mercedes is delusional. Cash is king!
Geely Chinas king!
try to read the article before shooting your mouth.
Finally it is said “This is pure speculation which we will not comment on,” a Daimler spokesman told Reuters, while Volvo declined to comment.
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If thinking Geely will not have a say in Mercedes make you feel better, than go ahead.
The nicest thing about in denial is that failure comes as a complete surprise rather than being preceded by a period of worry and depression.
same like our local education system….just read one or two lines then tembak. This is why students always fail
Haha still in denial, go on keep refresh and like your own comment.
First say no chance at all, now say pure speculation, next will be no choice but have to let Geely do whatever they want.
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If folliow your logic even Toyota Tak malu rebadge mazda2 in USA and got bailed out too
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BAIC 2017 sales : 566,856 units
BYD 2017 sales : 403,496 units
Geely 2017 sales : 1,247,116 units
HAHAHAHAHAHAHAHAHAHHAHAHHAHA
You are fake news, a simple google, first result already shows you are liar, mr kunta/periasamy/baghawan/etc dupe.
Ah john, feels so good to see the haters pissing their pants in fear of the might of Geely, they’d have to desperately lie and downvote the truth.
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Before deny about sharing tech, later talk about tumpang glamour pulak
Mana satu nii??? It is too obvious you are more interested in bashing rather than looking at positive side in auto industry. Basher is basher
Eh eh, kata Geely sampah, just 4th tier junk manufacturer even BAIC, BYD also better than them.
Suddenly when I showed the truth, claim Geely so great that Proton just wanna tumpang their glory?
Proton doesn’t tumpang Geely’s glory, Proton IS Geely. CEO also Geely mali.
Meanwhile, u wanna tumpang some small fry so-called better than “4th tier” Geely, tsk tsk, siapa malu now?
Yes tokmoh. And the nicest thing is to see the haters keep refreshing and down our comment, mental collapse?
C’mon guys, petrol price alredi skyrockets to all-time high in 4 years. Yet still Unchanged here, thats 3 weeks in a row. So juz chill it & enjoy the imminent soon
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Then you show us established in number rather than talking kok here
Net profit for the year ended 31 Dec 2017 :
BYD : RMB 4,916 million (audited)
BAIC : RMB 5,048 million (unaudited)
VS
Geely : RMB 10,735 million (audited)
You see Mr Robert, Geely cannot possibly be this profitable if people don’t trust their product. So how u wanna twist to say profitability of the company is not a measurement of how established they are?
Also, Geely OWNS Volvo, damn straight they can claim Volvo is their very, veeery established brand.
BYD and BAIC, ironically tumpang JV with outsiders. Who’s the one tumpang-ing who now?
Actually it is a both parties are beneficial from this. Congrats to Geely and Mercedes!!!
To all those bashers (ekceli only one in PT) and naysayers. HAHAHAHA!
Why suddenly the guy with many dupes become so quiet? Did he just ate his own words and become speechless?
please try to read the article better. This is the problem with low proficiency of English language in Malaysia
China and Geely are doing all the hard work. Infact, they are doing ALL the work.
So why P1 fanboys so excited and sharing the success of Geely and China?
Those tech is to be learned , even your VSA cannot is not plug and play and requires various tests
Those tech is to be learned , even your VSA is not plug and play and requires various tests
If you are having too much free time, go do something that is beneficial. It is too obvious you are liking and replying to your own comments with different dupes. Such a sad life.
Poor get a life aka john, I think people know about your dupes bro
Try to improve your level of understanding and English
Finally it is said “This is pure speculation which we will not comment on,” a Daimler spokesman told Reuters, while Volvo declined to comment.
Dailmer already confirmed in a press statement that they will not be sharing any technologies with Geely despite Geely being a shareholder.
I think press statement from Daimler is firm unlike a rumour from a mere magazine
OMG….please read the whole article. And open the kamus and try to find the meaning of speculation
I am a lecturer in local u. This is the main problem with students. Read one line…..then tembak. Then when fail, complain lecturer not good
Pls read whole article or question before you give your answers
A lecturer with the words ‘then tembak’? blame the students or lecturer for poor english?
Later Malaysian will afford to drive Proton with Merc & Volvo parts.
Yep. but pipu cant afford to maintain Proton with Merc & Volvo parts.
Even Proton parts many Proton buyers cannot afford and has the highest tarik balik by banks than any other car brands in Malaysia
You think Proton buyers can afford Volvo and Mercedes parts?
later cannot afford to buy Merc and Volvo parts…they then beg kerajaan for bantuan
BR1M Baiki Kereta ?
In 5-10 years time we won’t be surprised at all if the c class will be rebadged as s60. And Volvo s80 rebadged as the CLS. Hahahaha.. The power of silk road.
It’s a win win situation. I must say this is good for Mercedes-Benz as well.