--BAIC Motor, Daimler's main Chinese joint-venture partner, has initiated a plan to double its stake to around 10% and win a board seat in the German luxury car maker, Reuters reported Sunday, citing unnamed sources.

--State-owned BAIC, currently Daimler's third-largest shareholder, has started buying the German company's shares from the open market, a move aimed to surpass its Chinese rival Zhejiang Geely Holding Group, which owns 9.69% of the German auto maker, Reuters reported.

Full story: https://reut.rs/36DsQwL

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

December 15, 2019 22:34 ET (03:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Geely Automobile (PK) (USOTC:GELYY)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025 Click aqui para mais gráficos Geely Automobile (PK).
Geely Automobile (PK) (USOTC:GELYY)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025 Click aqui para mais gráficos Geely Automobile (PK).