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LJUBLJANA (Slovenia), March 28 (SeeNews) – German-based manufacturer of automotive products Daimler said on Thursday it will continue to manufacture the current generation of Smart vehicles in its Slovenian plant until 2022.
"Prior to the launch of new models from 2022 onwards, Daimler will continue to produce the current generation of smart vehicles in its Hambach plant France (smart EQ fortwo) and at Novo Mesto (Slovenia, smart EQ forfour)," Daimler said in a press release, announcing the formation of a 50-50 globally focused joint venture with China's Zhejiang Geely Holding Group. The joint venture will own, operate and further develop Smart, the pioneer of small urban vehicles.
Under the joint venture agreement, a new generation of Smart electric models will be assembled at a new purpose-built electric car factory in China with global sales due to begin in 2022, the statement added.
Daimler develops, manufactures, distributes, and sells a wide range of automotive products such as passenger cars, trucks, vans, and buses.