Mercedes-Benz and Geely form $780M JV Smart Automobile Co

Mercedes-Benz and Geely formed a 50:50 joint venture, Smart Automobile Co, to manufacture premium electric vehicles from 2022. The companies will invest $388.77 million each, with a plant in Ningbo, China.

“This newly formed joint venture company will manufacture premium and intelligent electrified vehicles.”auto.economictimes.indiatimes.com

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• auto.economictimes.indiatimes.comMercedes Geely Partnership: Mercedes-Benz partners with Geely for $780 million JV, will launch EVs from 2022, ETAutoJan 8, 2020

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