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Automakers

Daimler reveals China's BAIC doubled stake years ago

Mercedes Production China is pictured.
A worker puts the finishing touches to a Mercedes C-Class sedan at the automaker's plant in Beijing. (MERCEDES-BENZ)
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By:
Bloomberg
December 13, 2021 09:59 AM

FRANKFURT -- When a Chinese billionaire became Daimler's biggest shareholder in 2018, it caused quite a stir. Another Chinese investor took an even bigger stake the following year, the Mercedes-Benz maker has disclosed for the first time.

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