Daimler and Geely will work together on the Smart brand.March 28, 2019
Today it became known that the German concern Daimler and the Chinese company Geely will create a joint venture that will produce small Smart cars. Urban kids grow up to B-segment in scope.
Perhaps you can responsibly say that Smart, which creates small cars for the city, has never met the expectations of its parent company, the German concern Daimler. Nevertheless, the leadership of the latter wants to give the brand another chance, by joining with the Chinese automaker Geely, to turn Smart into a purely “electric” brand.
The deal announced today with Daimler and Geely is a joint venture with equal shares, which will be located in China, where a new plant will be built to produce models with zero emissions.
Future cars will be designed in the style of Mercedes and designed by the guys from Geely, with the first models expected to hit the market in 2022. Interestingly, in addition to all-electric engines, Smart models will have another innovation – they will add in size and will henceforth play in the B-segment.
Meanwhile, the current generation EQ ForTwo electric machine will remain in production at the company’s plant in France, as well as the larger EQ ForFour, which will be built at a plant in Slovenia. Recall that the current Smart cars are built on a platform used in conjunction with Renault (on them built the baby Twingo).
The guys from Daimler also reported on large investments in their plant in Hambach (Germany). 500 million euros allocated for the organization of the production of a new electric compact car in the framework of the newly created subbrand Mercedes EQ.
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