With the shareholding of around 10%, BAIC is looking to secure a seat at Daimler's supervisory board, which Geely does not currently have, the sources said. HSBC, which advised BAIC on its 5% stake purchase in Daimler earlier, is helping the Beijing-based group in the new investment, one of the sources said. Daimler said in a regulatory filing last month that HSBC held 5.23% in Daimler's voting rights directly as well as through instruments such as equity swaps as of Nov. 15.