Geely and Mercedes-Benz team up for smart car market
Chinese owned automobile company Geely and Mercedes-Benz parent company Daimler have teamed up to create a smart automobile. The joint venture will cost an estimated RMB5.4 billion and is set to shake-up the electric car market. Daimler and Geely will each contribute RMB2.7 billion to the venture. Mercedes-Benz will be responsible for research and design…