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Geely chairman says Daimler synergies "no precondition": Bloomberg

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(Reuters) - Cooperation with [UL] will depend on the "desire" of executives and is not a precondition of an investment in German carmaker , told

Li revealed last month he had built up an almost 10 percent stake in maker Daimler, hoping to access in a move which caught the German carmaker by surprise.

"How do we generate synergies with them going forward? That will depend on whether they have such a desire. If they do, we'll collaborate with them. If they don't, then we won't," Li was quoted as saying.

"Collaboration is not the only issue and is not a precondition," Li told

"Why do people think we shouldn't make an investment if there are no synergies? Why shouldn't we? Many people around the world have put money into Why shouldn't we," quoted Li as saying.

The chairman's remarks come after executives at and questioned the viability and industrial logic of a collaboration, and after Daimler moved to strengthen its partnership with partner <1958.HK>.

(Reporting by Edward Taylor, editing by David Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 23:39 IST
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