The car economy in China: A shaky Comeback

Li Shufu is actually doing? The founder and CEO of Chinese car manufacturer Geely wants to take over the German Daimler group, is a persistent rumor. Almost 10

The car economy in China: A shaky Comeback

Li Shufu is actually doing? The founder and CEO of Chinese car manufacturer Geely wants to take over the German Daimler group, is a persistent rumor. Almost 10 percent Li holds to the well-known German companies. He wanted to deepen the cooperation with the stuttgarters "", said the Chinese billionaire now a couple of weeks ago.

Hendrik Ankenbrand

business correspondent for China, based in Shanghai.

F. A. Z.

The acquisition of a Majority Daimler Li does not think so, probably, also not a large acquisition of shares. Especially in March had been speculated about such a move: as the Daimler-share cost of the stock, only 22 euros. Since the brand with the star for China would have been convenient to have. Meanwhile, Daimler's share price back to 13 euros in added value, an increase of as much as 60 percent. Li Shufu speaks now prefer to via a flight taxi-Start-up from Bruchsal, in which he has with the stuttgarters together invested. The Chinese has the high-flying dream, Daimler to integrate into his Kingdom, believe many observers. For the First, but the price for him is likely to be too high.

fear of a second wave in China

The Comeback of the German group is mainly in China. Of 70,000 Mercedes have been sold to a dealer in the people's Republic in may to customers. Worldwide to dealers only 135,000 were delivered in the month. That was about a quarter less than in the period a year earlier. In April, the Minus was located at 44.5 percent. In China, growth in may was, however, in the two-digit range. Now, the Stuttgart want to invest according to Reports, in the course of the Chinese battery manufacturer Farasis to the new technology segment of the Shanghai stock exchange.

Volkswagen takes even 2 billion euros in the Hand, in order to secure a future in the business with electric cars in China. Via a capital increase, the Wolfsburg want to increase their share of the E-car joint venture JAC from 50 to 75 percent. The other part of the money also flows in a battery company in the country. So VW strength of its "electrification strategy in China", was the group chief Herbert Diess quote.

For the top managers currently pay the heel of China is almost the only positive news. 330.300 cars, the group has delivered in the country in may and is proud to have its market share to about one-fifth developed. Like VW, it is unclear – is the growth of 6 per cent, but below the level of the market, has, according to the auto associations in the month at cars around 7 percent.

Updated Date: 16 June 2020, 07:20

You need to login to comment.

Please register or login.

RELATED NEWS