Daimler and Geely will develop cars the next generation "Smart" – Car in the World – Auto


The agreement expects new cars to be sold in the world in 2022, but that a board of 12 members of the new consortium will be represented in equal terms.

The detailed breakdown of this agreement is expected to be finalized by the end of 2019.

The new Smart car will be designed by Daimler, and Geely will provide technical solutions.

Geely is a Chinese billionaire Lee Shufu, who bought nearly 10% of Daimler's regions in February 2018.

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