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

BEIJING (Reuters) -Mercedes-Benz Group is preparing to invest in Geely-backed autonomous driving system developer Chongqing Qianli Technology, Bloomberg reported on Wednesday.

The German automaker is planning to buy a minority stake in Qianli to bolster its software capabilities in China, with a deal to be announced as soon as this week, the report said.

(Reporting by Beijing newsroom;Editing by Elaine Hardcastle)