The China joint venture between Mercedes-Benz and Geely around Smart announced at the end of March last year has now been formally established with all relevant final approvals from Chinese authorities. The first electric Smart cars made in China are to be launched on the market in 2022.
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Daimler is currently evaluating cooperation options with the Chinese Geely. They are analyzing potentially releasing an EV platform, among other things, which could be sold to other manufacturers.
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China’s Geely has bought almost ten percent in Daimler shares, thus becoming the company’s largest shareholder. Geely founder Li Shufu said in a statement he is “particularly pleased to accompany Daimler on its way to becoming the world’s leading electro-mobility provider.”
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“It’s best if it’s completely open, like in the United States and Europe. Whoever wants to produce cars can do it.”
Geely CEO, Li Shufu, is urging the Chinese government to deregulate the market, saying it would be “fair” and might help the industry to “develop better.”
scmp.com
“We urge Tesla to build this plant in its home state. We urge the legislature and the governor to step out of their comfort zones to make this happen in California.”
Jim Wunderman, president and CEO of the Bay Area Council, is practically begging politicians to do whatever is in their power to bring the Gigafactory “home.”
sfchronicle.com
