Geely and Mercedes-Benz invest $780 million to make electric Smart cars
Filed under: Green,Mercedes-Benz,smart,Convertible,Coupe,Hatchback,Electric
BEIJING/SHANGHAI (Reuters) - Zhejiang Geely Holding Group Co Ltd [GEELY.UL] and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan (295.98 million pounds) in a China-based venture to build "premium and intelligent electrified" vehicles under the smart brand. The 50:50 venture has received regulatory approval and will be based in the Chinese coastal city of Ningbo, the Chinese and German automakers said in a statement. Like Mercedes-Benz, smart is a Daimler AG ma
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Geely and Mercedes-Benz invest $780 million to make electric Smart cars originally appeared on Autoblog on Wed, 8 Jan 2020 08:26:00 EST. Please see our terms for use of feeds.
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