Mexican Media Brands
Daimler, Geely Confirm Venture to Relaunch Smart Brand
Daimler and Zhejiang Geely Holding Group confirm they have formed a 50:50 joint venture to develop and operate Daimler’s Smart brand globally as an all-electric carmaker.
#hybrid
Share
Daimler and Zhejiang Geely Holding Group confirm they have formed a 50:50 joint venture to develop and operate Daimler’s Smart brand globally as an all-electric carmaker.
The unnamed company will produce next-generation Smart cars at a new EV factory in China, with sales to begin worldwide in 2022. The partners expect to finalize the partnership, whose financial terms were not disclosed, by the end of 2019.
Daimler will continue to produce the current Smart model at its Hambach factory in France, but all production of the new models will occur in China. At that point, the French plant will add a small EV to be marketed under Mercedes-Benz’s new EQ sub-brand.
The new company will directed by a six-member board consisting of three high-level executives, including Geely Chairman Li Shufu, from each from the two partners.
RELATED CONTENT
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.