Autonomous Trucks
A Mercedes-Benz eActros LongHaul electric truck, manufactured by Daimler Truck Holding AG, at the 2022 IAA Transportation show in Hanover, Germany. Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion at current market prices. The company, which is also the biggest shareholder in Swedish truck maker Volvo AB, said it remains committed to its holding in Mercedes-Benz AG, according to a spokesperson. The owner of Volvo Car AB owned stakes in the two companies following a split of Daimler’s car- and truck-making businesses into two separately listed units in 2021. Geely’s 8.2% stake in truck maker Volvo “represents a long-term profitable and strategic part” of its portfolio, it said earlier.