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Geely says committed to be long-term partner for Daimler

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Geely says committed to be long-term partner for Daimler
FILE PHOTO: A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song/File Photo   -   Copyright  Aly Song(Reuters)
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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)

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