9 Jan 2020
Chinese concern Zhejiang Geely Holding Group Co will create a joint venture with German Mercedes-Benz, which will produce electric cars under the Smart brand
Each side will invest 2.7 billion yuan (almost $ 389 million) in the joint venture, and the launch of Smart electric models will begin in 2022. About the “Smarts” of the new generation it is known that Mercedes-Benz designers will be engaged in their development, and the process will be controlled by a board of directors of six people – three from each of the companies.
Eco-friendly “Smart” Chinese assembly designed for the markets of China and Germany. Until 2022, Mercedes-Benz will continue to produce them at European plants in France and Slovenia. After 2022, the production of other electric vehicles of the EQ line was organized at the facilities of a French company in Ambach.
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