Smart brand has been transferred to a joint venture between Geely and Mercedes-Benz, named ‘Smart Motor’

Following Geely’s acquisition of 50% of the shares of Daimler’s Smart brand, the two parties cooperated to spread new news.

Recently, some online users reported on the Internet that they had received a text message from the smart brand to the effect that the smart brand was transferred to a joint venture between Geely and Mercedes-Benz-Zhimotor.

Judging from the content of the text messages, Smart Motor is a joint venture jointly created by Mercedes-Benz and Geely Holding Group.

It will unite and operate and promote the transformation and upgrading of the smart brand globally. In view of this, user and vehicle data will be migrated to Zhimotor Automobile Co.Ltd.

According to data, Smart Motor was formally established at the end of December 2019, jointly funded by Geely and Mercedes-Benz.

The registered capital of the joint venture is 5.4 billion yuan, each of which will contribute 2.7 billion yuan, and Mercedes-Benz acquires the corresponding shares mainly in the form of smart brand investment.

According to the plan, the new generation of pure electric smart will be designed by Mercedes-Benz’s global design department, and Geely Holding’s global R&D center will be responsible for engineering research and development.

The new model will be produced in a new factory in China, and it is expected to be launched on the market in 2022 and sold globally.

There is also new news about smart new models recently. According to reports, smart will launch a compact pure electric SUV model, whose internal code is HX11. It is worth mentioning that the car will be built based on the vast architecture of Geely SEA.

In terms of power, the new car will be equipped with a rear-mounted motor with a maximum power of 200kw, or there will be a dual-motor four-wheel drive model. The new car will soon be launched in China in 2022.

(Via)