Mercedes-Benz to Invest in Geely-Backed Qianli Technology

Mercedes-Benz Investment Strategy in Autonomous Driving Technology

Mercedes-Benz Group plans to invest in Chongqing Qianli Technology, a Geely-backed developer of autonomous driving technology, to expand its software capabilities in China.

Investment Details and Expectations

The German automotive giant aims to acquire a minority stake in Qianli, with the deal expected to be announced later this week, according to a report in Bloomberg.

Strategic Goals

This strategic move aims to strengthen Mercedes-Benz's competitive advantage in autonomous driving technologies and expand its presence in the Chinese market. At the same time, it demonstrates the accelerating pace of investment in future technologies by major companies in the automotive industry and the increasingly critical importance of autonomous driving integration.