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Daimler silent on Geely ‘battery tech buy-in’ report

Mon, 02/12/2018 - 10:43 -- John Shepherd
Daimler silent on Geely ‘battery tech buy-in’ report

Daimler is staying mum on a report that Chinese carmaker Geely has bought a stake in the German peer with a view to partnering on battery tech for electric vehicles.

According to Reuters, sources believe Geely, which owns Volvo, “is keen to access Daimler's battery technology and wants to establish an electric car joint venture in Wuhan, the capital of China's Hubei province”.


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