#Geely Founder Li Shufu acquires 9.69% of #Daimler AG; largest single shareholder
Daimler is an outstanding company with a first-class management. It will be an honor to support this unique team under the leadership of Dieter Zetsche in the future. I am particularly pleased to accompany Daimler on its way to becoming one of the world's leading electro-mobility providers. I will fully abide by the company charter and governance structure of Daimler and respect its values and culture. —Li Shufu Daimler issued a brief statement confirming that Li Shufu acquired 9.69% (103,619,340 shares) of the company. Daimler said it knows and appreciates Li Shufu as an especially knowledgeable Chinese entrepreneur with clear vision for the future, “with whom one can constructive discuss the change in the industry .” With revenue exceeding RMB 270 billion (about US$43 billion) in 2017, the Zhejiang Geely Holding Group is China’s largest privately owned automotive manufac...