Daimler confirms Smart joint venture with Geely

Manufacture of next generation all-electric Smart brand cars will switch to all -new facility in China, sales to begin in 2022. Plans include new B-segment vehicle.

Under the 50-50 joint venture agreement, a new generation of smart electric models will be assembled at a new purpose-built electric car factory in China with global sales due to begin in 2022.

Daimler will jointly design and develop the next generation of smart cars for sale both in China and globally. The existing Smart production plant at Hambach will produce a new compact Mercedes-Benz electric vehicle.

Give it a few years and you can have the other half. Cheers lads.

The joint venture partners have agreed that the new generation of smart vehicles will be styled by the worldwide Mercedes-Benz Design network with engineering from Geely global engineering centres. Future production will be located in China.

As part of the vehicle-development program, the Smart product portfolio is also planned to be extended into the fast-growing B-segment.

Prior to the launch of new models from 2022 onwards, Daimler will continue to produce the current generation of Smart fortwo and forfour in Europe.

The joint venture is expected to be finalised by the end of 2019. Financial terms of the smart joint venture were not disclosed.

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