This German, Swedish and Chinese collaboration could rule the segment This is not the first time that Geely and Daimler are working together. Back in February 2018, Geely acquired almost 10 percent of Daimler for about USD9 Billion which gave Geely a 9.68 percent ownership of Daimler. At the time, there was already 'talk' about working together to produce electric vehicles. In February 2019, the then Daimler Chief Executive, Dieter Zetsche commented that the luxury car manufacturer was in discussion with Geely about extending their cooperation. Then in December 2019, Daimler Mobility AG and Geely Technology Group inaugurated the ' StarRides ' Premium Ride-Hailing Service in Hangzhou, China with a fleet of 100 vehicles including Mercedes-Benz S-Class, E-Class and V-Class vehicles.