# 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.

- Type: Acquisition
- Announced: 2020-01-08
- Where: Ningbo, China
- Value: $777.5M
- Status: announced
- Products: premium electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mercedes-Benz](https://endata.com/companies/1875.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/industry/mercedes-benz-partners-with-geely-for-780-million-jv-will-launch-evs-from-2022/73154826), 2020-01-08: "This newly formed joint venture company will manufacture premium and intelligent electrified vehicles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.