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: 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 cockpits. Qianli Technology’s “Qianli ADAS 1.0” already enables end-to-end autonomous decision-making from parking spot to parking spot. Joint development of their Level 3 advanced driver-assistance systems has now entered real-vehicle testing.

💡 Industry Impact: Catalyzing Dual A+H Capital Structure

Spurred by this strategic investment, Qianli Technology filed its IPO application with 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.