Mercedes and China's Geely team up to take electric Smart cars global

Last year Smart became the first car brand to switch to an all-EV lineup -- now its parent company Mercedes-Benz has got a new partner to help bring its electrification ambitions to fruition. While Mercedes will continue to design the vehicles, China's Geely -- which owns Volvo -- will take care of the manufacturing and engineering.

The venture, called "smart Automobile Co., Ltd." will see Mercedes and Geely contribute a total of 5.4 billion Chinese Yuan (roughly $780 million) to the initiative, which aims to expand Smart's EV-only portfolio with a new range of global products, slated for launch in 2022.

Given Mercedes' brand and heritage, it's unlikely that its own-brand lineup will become 100 percent electric any time soon, but the company's continued investment in electrification in other areas of its business, such as Smart, shows it's still going to great lengths to succeed in this area.

In this article: business, cars, EV, Geely, green, Mercedes, partnership, Smart, tomorrow, transportation, vehicle

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more

Comments

sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more

all right reserved for yahoo news

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Microsoft contractors reportedly reviewed Cortana clips on insecure PCs
NEXT Tax prep companies can’t hide their free filing software from Google anymore