Did Li Shufu Want To Buy BMW?


Published on March 12th, 2018 | by Daniel Sherman Fernandez


Did Li Shufu Want To Buy BMW?

News has just come in that billionaire businessman Li Shufu who became the largest single shareholder at Mercedes-Benz through the acquisition of almost 10% of Daimler’s shares, was apparently also in talks with the BMW Group. There were also talks between BMW and the Geely founder before he made the Daimler purchase. Li is said to have promised BMW improved access to the Chinese market, including through his contacts with the Chinese government.

In return, Li Shufu did not want a stock package, but a cooperation in the construction of electric cars. However, the BMW Group had decided to go down a different path and recently announced a cooperation between MINI and Great Wall in order to build the electric car MINI E in China.

At the same time, Li Shufu is aiming to make Geely one of the world’s leading carmakers. The partnership with Mercedes-Benz, which has been forced by Daimler’s surprise purchase of shares to some extent, could be one of the keys to the further rise of the Chinese over the next few years.

The BMW Group does not seem to be the least be worried as the Quandt and Klatten families hold the majority of the shares in BMW and will probably stay the brand owners.

About the Author

www.dsf.my is a service to the public and other website owners. www.dsf.my is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site www.dsf.my. While the information contained within the site is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. www.dsf.my is not responsible for the accuracy or content of information contained inside.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑