Fight for the largest shareholder! BAIC wants to increase its stake in Daimler to 9.9%

Published: Sep 10, 2020 08:37

Save

SMM: recently, there are media reports that BAIC plans to increase its stake in Daimler Group by buying shares in the secondary market, with a total shareholding of 9.99%, surpassing Geely to become Daimler's largest shareholder. Before that, Geely took the lead in BAIC, taking the lead in buying a 9.69% stake in Daimler and becoming Daimler's largest single shareholder.

In fact, BAIC and Daimler have always coveted each other's stakes.

As early as July 2019, BAIC bought a 5 per cent stake in Daimler for 20 billion yuan, making it its third-largest shareholder. In exchange, BAIC will also give up its stake in Beijing Mercedes-Benz.

A few days ago, it was reported that Daimler was preparing to restart negotiations with BAIC to take a 16 per cent stake from BAIC in order to increase its share ratio in Beijing Mercedes-Benz from 49 per cent to 65 per cent.

In the second quarter of this year, China was the only market in which Daimler achieved year-on-year revenue growth, and China is now its well-deserved profit cow. At the same time, Beijing Mercedes-Benz is also a major profit contributor to BAIC, with a loss of 1.835 billion yuan in its independent business in the first half of the year, while Beijing Mercedes-Benz's net profit is as high as 20 billion yuan. From this point of view, Daimler's news of increasing its stake in Beijing Mercedes-Benz is not groundless.

On the other hand, in terms of sales, Galaxy data show that Beijing Mercedes-Benz sold 57000 vehicles in July, with a cumulative sales of 327100 from January to July.

At present, Beijing Automobile Co., Ltd. (BAIC), Daimler AG and its wholly-owned subsidiary Daimler Greater China Investment Co., Ltd. hold 51%, 38.66% and 10.34% shares of Beijing Mercedes-Benz Motor Co., respectively. That is, the share ratio of BAIC to Daimler is 51:49.

北京奔驰

Beijing Mercedes-Benz equity relationship chart; picture source, Sky Eye check screenshot

"Click to understand and sign up: 2020 China Automotive New Materials Application Summit Forum

Scan the QR code above to view the business cards of the participating companies and sign up online

Scan the code and apply to join the SMM Automotive Industry Exchange Group.

BAIC Daimler cars

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 13, 2026 19:55

[SMM Analysis] ITC Rejects Tariffs on Chinese Graphite Anodes, Final Duties Not Imposed

[SMM Analysis] On March 12, 2026, the US International Trade Commission (ITC) ruled against imposing tariffs on graphite imports from China. Below is the complete timeline of the US anti-dumping and countervailing duty (AD/CVD) investigation into China’s active anode material (graphite anode) imports, the duty rates at each stage, and the latest outcome as of March 12, 2026.

Mar 13, 2026 19:55

Mar 13, 2026 17:48

NDRC Approves Hami-Dunhuang Third 750 kV Transmission Line Project

Recently, the National Development and Reform Commission (NDRC) issued the Reply on the Approval of the Hami–Dunhuang Third 750 kV Transmission Line Project, formally approving the Xinjiang Hami–Dunhuang Third 750 kV Transmission Line Project. The implementation of this project was of great significance for improving the backbone structure of the main power grid in Northwest China, strengthening the mutual support capacity between the Gansu and Xinjiang power grids, and enhancing Xinjiang’s capacity to absorb new energy. According to previously disclosed environmental impact assessment information, the project had a total static investment of 1.3509 billion yuan and was scheduled for completion in March 2027.

Mar 13, 2026 17:48

Mar 13, 2026 17:44

Jijing UHV DC Project Enters Final Feasibility Stage, Aiming for 2029 Operation

On March 12, it was learned from State Grid Jilin Electric Power Co., Ltd. that the project to transmit power from the Songliao Clean Energy Base in Northeast China to North China (the “Jijing UHV DC Project”) officially entered the final stage of the feasibility study. According to the plan, the project is expected to complete project approval in 2026, enter the substantive construction phase in 2027, and be completed and put into operation in 2029.

Mar 13, 2026 17:44