Chinese carmaker Geely has become the biggest investor in Mercedes-Benz owner Daimler, saying it hopes to cooperate with the German giant on electric cars.
Geely Becomes Biggest Daimler Investor
Geely shares jumped in Hong Kong after the deal to buy almost 10% of the firm was announced over the weekend. The Chinese carmaker already fully-owns Sweden's Volvo and black cab maker London Taxi Company.
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