China's Geely makes $9 billion Daimler bet against tech 'invaders'
February 24, 2018 at 14:47 PM EST
BEIJING/FRANKFURT (Reuters) - Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.
