image: Geely

Daimler and Chinese auto manufacturer Geely has entered a joint venture to “own, operate and further develop smart, the pioneer of small urban vehicles”. Daimler and Geely will assemble EV models at a new electric car factory to be built in China, with sales aimed to begin by 2022.

This joint venture comes on the heels of another collaboration by automakers Toyota, Hino, Honda and Softbank. The new joint venture will be headed by six executives: three each from Daimler and Geely. Geely chairman Li Shufu and CEO An Conghui will be among the six.

(From left-right) Geely chairman Li Shufu and Daimler chairman Dieter Zetsche image: Daimler

The new vehicles to be produced by the joint venture will be styled by Mercedes-Benz while Geely provides the engineering facilities. Prior to launch of new models from 2022, Daimler will continue the production of its “smart vehicles” at its Hambach plant in France and at Novo Mesto, Slovenia.

The German auto brand is investing €500 million in the Hambach plant for this effort.

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