Mercedes Acquires Stake in $8.35 Billion Chinese Autonomous Driving Firm Qianli
Mercedes-Benz Investment in China: Mercedes-Benz Group AG plans to acquire a stake in Chongqing Qianli Tech, a Chinese company specializing in self-driving car technology, to enhance its software capabilities for vehicles sold in China. The deal, valued at approximately $8.35 billion, is expected to be announced soon.
Geely and Mercedes Collaboration: The partnership between Geely Holding Group and Mercedes is strengthening, with Geely integrating its self-driving division into Qianli. Both companies are also exploring collaboration on traditional gas engines, reflecting a shift in German car manufacturers' strategies to better compete with local Chinese automakers.
Volvo's U.S. Manufacturing Plans: Volvo Cars is set to produce a new hybrid vehicle in the U.S. by 2030, adapting to tariffs imposed by the Trump administration on foreign cars. This move aims to optimize production at its South Carolina factory, which currently has underutilized capacity.
Impact of U.S. Tariffs on Global Car Manufacturing: Car manufacturers worldwide are reevaluating their production locations due to increased costs from U.S. tariffs, with Volvo committing to increase its American manufacturing output as part of a broader strategy to support domestic manufacturing growth.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
