Daimler, Geely to set up JV in China

2019-03-29 09:28:20 source: Xinhua; Editor: Gu Liping


German automaker Daimler AG and China's Zhejiang Geely Holding Group announced Thursday to set up a joint venture (JV), jointly operating and promoting the transformation of small-car brand Smart globally.

The JV will be headquartered in China, and the two companies will each hold a 50 percent stake.

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