Mercedes-Benz Emerges as Fifth-Largest Shareholder of Qianli Technology, Teams Up with Geely to Bolster Its Foothold in China’s Intelligent Driving Market
5 day ago / Read about 0 minute
Author:小编   

Qianli Technology (previously known as Lifan Technology) revealed that Lifan Holdings has sold 135,633,002 shares (representing 3.00% of the company's total share capital) to Mercedes-Benz Digital Technology at a rate of RMB 9.87 per share, culminating in a total transaction amounting to roughly RMB 1.339 billion. With this share transfer, Mercedes-Benz Digital Technology has now ascended to the position of the fifth-largest shareholder in Qianli Technology. Industry experts are of the opinion that Mercedes-Benz's investment is geared towards boosting its competitive edge in the intelligent driving arena. The decision to partner with Qianli Technology, a subsidiary of Geely Group, is rooted in their pre-existing collaborative framework and Qianli Technology's remarkable achievements in the intelligent driving domain. Its 'Qianli Haohan' intelligent driving solution is renowned for its swift mass-production capabilities and robust potential for iterative development. Furthermore, Qianli Technology is working in tandem with Stepfun to create intelligent cockpit products.
Additionally, Qianli Technology posted revenue surpassing RMB 4.1 billion in the first half of the year and has set its sights on launching an IPO in Hong Kong. The company underwent a rebranding exercise in February 2025, following a series of restructuring and equity modifications. Presently, it is undergoing a transformation centered around the 'AI + Vehicle' concept, with ambitions to establish 'Qianli Intelligent Driving'.