December 13, 2021 – Daimler AG’s long-term shareholder and partner in China, Beijing Automotive Group Co Ltd (BAIC), announced that it has been holding an increased stake in Daimler of 9.98 percent since 2019. This underlines the successful partnership to continue long-term success for Mercedes-Benz in China.
We welcome all long-term strategic shareholders who support our strategy. During our partnership with BAIC, China has emerged as the largest global market for Mercedes-Benz and as a key driver of the shift towards electric mobility and digitalization. BAIC’s shareholding is a reflection of their commitment to our joint successful manufacturing and development alliance in the world’s biggest car market.