Mercedes-Benz and Geely Holding formally establish smart Automobile joint venture

Mercedes-Benz and Geely Holding formally established the global joint venture 'smart Automobile Co., Ltd.' with total registered capital of 5.4 billion RMB. The joint venture will develop next-generation premium electric smart vehicles, with first products to launch from 2022.

“Mercedes-Benz AG (Mercedes-Benz) and Zhejiang Geely Holding Group (Geely Holding) today announced that they have formally established the global joint venture 'smart Automobile Co., Ltd.' for the smart brand after receiving the regulatory approvals.”executive-bulletin.com

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• executive-bulletin.comMercedes-Benz and Geely Holding Have Formally Established its Global Joint Venture “smart Automobile Co., Ltd.” for the smart Brand – Executive BulletinKarine AyoubSep 17, 2020

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