FRANKFURT (Reuters) – Chinese carmaker Zhejiang Geely Holding Group Co [GEELY.UL] remains committed to being a long-term partner for Daimler, vice president Frank Li said, as talks about cooperation possibilities between the groups continue.
Li, in comments made to Reuters on the sidelines of a panel discussion in Frankfurt, declined to comment on when talks would be concluded but reiterated that Geely was seeking to remain a supportive long-term strategic partner.
Li said Geely has not accumulated options to raise its stake in Daimler beyond 9 percent. “We have denied that,” he said.
(Reporting by Edward Taylor; Editing by Christoph Steitz)