Volvo's owner Geely and Daimler, as the chinese group recently bought into, has decided to build a factory in China, for the manufacture of electric cars, reports Bloomberg News.
the Design of electric-powered Smart cars becomes a task for Mercedes-Benz, while the chinese take care of the design and manufacture in the factory.
the world over, according to a statement from the two companies.
According to a calculation that investmentfirman Evercore made lose Daimler annually upwards of 700 million euros, corresponding to approximately sek 7.3 billion on Smart manufacturing. At the same time minibilens low emissions down the average for the total group emissions, valuable, given the gas-guzzling Mercedes cars like the S-class and AMG models emit.
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