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Daimler, Geely to set up JV in China

(Xinhua)    15:49, March 28, 2019

HANGZHOU, March 28 (Xinhua) -- 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.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Liang Jun, Bianji)

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