Cabvision TaxiPoint GIF.gif

Daimler and Geely team up to build next generarion of smart electric cars

31 Mar 2019

 

Its been revealed that Daimler and Geely will team up to build the next generation of Smart electric cars in China.

 

The joint venture is being seen as a way to boost the economy in what has developed into a struggling market. 

 

 

Geely, who own a 10 percent stake in Daimler want to develop electric and self-driving cars in an effort to compete against tech-giants such as Uber and Google.

According to Reuters Daimler have  said that the next generation of Smart city cars will be built a factory in China. 

 

It is believed that they plan to share its expertise in the motoring industry with Geely, best known for producing the latest incarnation of the London taxi.

Due to the prohibitive cost of the manufacture of electric car batteries, difficulties have ensued in relation to building zero-emissions vehicles at an affordable price. This has lead to several manufacturers striking up alliances with companies in the Chinese market.
 

Recently BMW announced plans to build electric Minis in China, primarily because of low production costs.

The financial details of the partnership have not been revealed, but it is expected that the tie-up will be completed in late 2019.

 

Geely have rapidly expanded since 2010, when it acquired Swedish carmaker Volvo from Ford, whilst last year both Geely and  Daimler developed a ride-hailing project in China.

 

Image: Smart UK 

Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram

Featured Stories

Please reload

ltda banner.JPG
black.gif
advert gif.GIF
TaxiPoint--300x200px-MLP-GIF.gif
advert gif.GIF
advert gif.GIF
RSS Feed

The views expressed in this publication are not necessarily those of the publishers.

 

All written and image rights are reserved by authors displayed.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2019. Creative Common image licenses displayed where applicable.