Mercedes-Benz Invests ¥1.34B to Become 5th Largest Shareholder of Qianli Tech

2025/12/25
General News
Mercedes
China
On 24 Feb 2025, Qianli Technology (ex-Lifan, 601777.SH) announced that Mercedes-Benz Digital Technology has completed the registration to acquire 135.6 million shares (3% stake) from Li Fan Holdings at RMB 9.87/share for about RMB 1.34 billion, becoming the fifth-largest shareholder with a 12-month lock-up. Driven by Geely, the deal turns Qianli into an open AD/ADAS platform of 3,000 engineers, integrating Zeekr and Geely R&D units. A long-term strategic cooperation will deepen AI, autonomous driving and intelligent cockpit collaboration; Mercedes may nominate a board director.
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