Geely, Mercedes-Benz set up $780m JV to make electric smart-branded cars

Geely, Mercedes-Benz set up $780m JV to make electric smart-branded cars

REUTERS/Damir Sagolj

Zhejiang Geely Holding Group Co Ltd and MercedesBenz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build “premium and intelligent electrified” vehicles under the smart brand.

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