Daimler, Geely to set up JV in China

2019-03-28 15:36

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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.
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