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 Mobility 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: Strengthening Local Tech Ecosystem and High-End Collaboration

As Mercedes-Benz’s largest overseas digital R&D center globally, the Shanghai-based entity—established in 2023—focuses on autonomous driving and intelligent cockpit technologies. Qianli Technology’s “Qianli ADAS 1.0” already enables end-to-end autonomous decision-making from parking space to parking space. The two companies have entered the vehicle testing phase for their jointly developed Level 3 advanced driver-assistance system (ADAS).

💡 Industry Impact: Catalyzing Dual A+H Capital Market Presence

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