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Auto giants Daimler and Geely Holding team up to develop electric cars

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The joint venture will see cars assembled at a purpose built electric vehicle factory in China.

Daimler and Geely Holding have announced a new joint venture to further develop Smart electric vehicles.

div > div.group > p:first-child"> "We will jointly design and develop the next generation of Smart electric cars that combine high-quality production and known safety standards for sale both in China and globally," Dieter Zetsche, who is chairman of the board of management at Daimler and head of Mercedes-Benz Cars, said in a statement Thursday.

 

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Daimler, Geely Deepen Bond With Electric City-Car VentureDaimler and Chinese auto maker Geely have agreed to create a joint venture in China to transform Daimler’s struggling Smart compact city car into a global all-electric brand. Because a damaged brand is a good first step to success!
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