To increase their production capacities in the world’s biggest automobile market, Daimler and its Chinese partner DAIC Motors plan to invest 1.9 billion dollars.
The investment shall strengthen the longstanding partnership between Daimler and DAIC. This move is maybe also necessary due to the fact that another Chinese automobile manufacturer, Geely, bought nearly 10 percent shares of the German high-end car maker. The main reason for Geely’s investment is that they want to build an alliance for driverless and electric cars, so that they can compete with companies such as Google, Tesla or Uber.
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