Mercedes mulls investment in Geely-backed smart driving firm, Bloomberg reports

Core Insights - Mercedes-Benz Group is preparing to invest in Chongqing Qianli Technology, a developer of autonomous driving systems backed by Geely [1] Company Summary - The investment by Mercedes-Benz Group indicates a strategic move towards enhancing its capabilities in autonomous driving technology [1] - Chongqing Qianli Technology is positioned as a key player in the autonomous driving sector, supported by Geely, which may provide additional resources and expertise [1] Industry Summary - The autonomous driving industry is witnessing increased investments from major automotive players, reflecting a growing trend towards innovation and technological advancement [1] - Collaborations between established automotive companies and technology developers are becoming more common, aiming to accelerate the development and deployment of autonomous driving solutions [1]