The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo
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Li Shufu, chairman of Chinese carmaker Geely, is making waves in the global auto market after buying a $9 billion stake in Germany's Daimler AG.Li, 54, the son of a farmer from China's eastern Zhejiang province, has led a major acquisition push globally since 2010, when he took over Swedish car brand Volvo from Ford Motor Co in a $1.8 billion deal.Over the last year, he has snapped up a $3.3 billion stake in truck maker AB Volvo, a majority stake in sports car maker Lotus, a 49.9 percent stake in Malaysian automaker Proton and flying car start-up Terrafugia. Li, sometimes compared to U.S. auto icon Henry Ford, founded Zhejiang Geely Holding Group in 1986, which was at the time focused on refrigerators.
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