Investor Geely opportunity for Daimler to “develop new path” to Chinese market
Chinese carmaker Geely chairman Li Shufu’s investment in Daimler should be seen as an opportunity for the German company to “develop a new path” into the Chinese market – despite the "justifiable cautiousness", writes Kirsten Ludowig in an opinion piece in Handelsblatt. “However: trust is based on mutuality”, and China needs to open up its economy and stop putting foreign companies at a disadvantage, for example by lifting the joint venture provision, writes Ludowig.
Find the opinion piece in German here.
For background, read the CLEW factsheet Reluctant Daimler plans “radical” push into new mobility world and the dossier The Energiewende and German carmakers.