Daimler and Geely Holding form global JV for smart; new generation of electric models
Green Car Congress
MARCH 28, 2019
Daimler AG and Zhejiang Geely Holding Group , the German and Chinese automotive groups, have formed a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles. Mercedes-Benz is investing €500 million on the Hambach plant.
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