Mercedes-Benz Invests RMB 1.342 Billion to Acquire Stake in Qianli Tech, Becoming Fifth-Largest Shareholder

[Capital Partnership] Mercedes-Benz has acquired a 3% stake in Chinese intelligent driving company Qianli Technology for RMB 1.342 billion, becoming its fifth-largest shareholder.

⚡ Core Development: Mercedes-Benz Accelerates Intelligent Strategy in China

Mercedes-Benz (Shanghai) Digital Technology Co., Ltd. acquired 136 million shares of Qianli Technology via agreement transfer at a price of RMB 9.87 per share, amounting to a total transaction value of RMB 1.342 billion. The share transfer registration has been completed, officially making Mercedes-Benz the fifth-largest shareholder of Qianli Technology.

🔍 Strategic Rationale: Technical Synergy and Localization Enhancement

Since establishing its presence in Shanghai in 2023, Mercedes-Benz Digital Technology has focused on R&D in autonomous driving and intelligent cockpits. Qianli Technology’s “Qianli ADAS 1.0” system already enables end-to-end autonomous decision-making from parking space to parking space. The system is currently co-developed with Mercedes-Benz’s electric vehicle platform for Level 3 advanced driver assistance, and has entered real-vehicle testing phases.

💡 Industry Impact: Boosting Qianli Tech’s 'A+H' Listing Process

Spurred by this strategic investment, Qianli Technology submitted its application for a main board listing on the Hong Kong Stock Exchange on October 17. Its “AI + Mobility” solutions already serve automakers including Geely and Zeekr, with intelligent driving business revenue surging 217% year-over-year in the first half of 2025.