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Geely and Mercedes-Benz invest $780 million to make electric Smart cars

BEIJING/SHANGHAI — Zhejiang Geely and Mercedes-Benz on Wednesday said they would each invest $388.77 million (2.7 billion yuan) in a China-based venture to build "premium and intelligent electrified" vehicles under the Smart brand. The 50:50 venture has received regulatory approval and will be based in the Chinese coastal city of Ningbo, the Chinese and German automakers said in a statement. Like Mercedes-Benz, smart is a Daimler marque. The venture will have manufacturing capacity in China and sales operations in China and Germany, the automakers said. Geely will lead in engineering the cars while Mercedes-Benz will take charge of their overall look, they said. The partners will each have three executives on the board of directors, with Geely's Tong Xiangbei becoming the venture's global chief executive. Geely has expanded rapidly through mergers and acquisitions since buying Sweden's Volvo in 2010 from U.S. parent Ford. In 2018, it built a stake of almost 9.7% in Daimler and set up a ride-hailing venture in China with the Stuttgart-based carmaker. Its latest announcement comes just over a month after China's Great Wall and Germany's BMW formed a venture to build electric Mini-branded cars in China, the world's biggest market for electrified vehicles where demand for smaller EVs is on the rise. Related Video:

Daimler, BMW partnering up on wireless charging

Plug-in vehicle advocates can get all warm and fuzzy about two Germany heavyweight automakers getting together for the sake of wireless charging. That's because Mercedes-Benz parent Daimler and BMW will work together to speed up development of a wireless charging system. While not a ton of details were divulged, we can still rejoice. Daimler says the system will consist of an on-board coil and another coil that can be placed within the garage floor or someplace similarly stationary. The system will charge at 3.6 kilowatts and with 90 percent efficiency. No details were released about the system's price or when it would be available, but Daimler shouldn't wait too long, since other OEMs are already talking about their own wireless charging systems. Daimler obviously has some skin in the game here, since Mercedes-Benz will start sales of its S500 plug-in hybrid in September. That model, which was first shown off last August at the Frankfurt Auto Show, can go as far as 20 miles on electric power alone and will get fuel economy of about 84 miles per gallon equivalent. And it's easy to imagine an i3 or i8 driver getting a kick out of never needing to touch a cord. This spring, reports sprung up that fellow German automaker Volkswagen was preparing a wireless charging option for its electric vehicles as soon as 2017. You can check out Daimler's press release below. Wireless charging of electric drive and plug-in hybrid vehicles: PLUG IN HYBRID - unplugged One of the next steps on the way to perfect electric drive and plug-in hybrid vehicles is wireless charging. Daimler and BMW have now agreed on jointly developing and implementing one common technology. Wireless charging of the battery will make the handling of electric drive and plug-in hybrid vehicles even easier. Mercedes-Benz will commence fleet testing of this "unplugged" technology with the S 500 Plug in HYBRID soon, in order to develop a real S-Class solution in recharging the high voltage battery in terms of comfort and ease of operating in the near future. The system consists of two components: a secondary coil integrated into the under tray of the car and a primary coil integrated into a floor plate that can be placed on a garage floor for instance. Electrical energy is transmitted contact-free without the need for a cable, at a power rate of 3.6 kW and with a degree of efficiency of 90%.

Mercedes previews autonomous Vision Tokyo concept

Mercedes is bringing a new concept car – or concept something at any rate – to the Tokyo Motor Show this year. The upscale German automaker is not telling us much about its latest show car at this point. However, it has released the solitary teaser image above to keep us on our toes for a little while longer. Billed as "a vision for future generations," the Mercedes-Benz Vision Tokyo concept appears to take the form of some sort of futuristic minivan - the kind you'd expect to see in some movie set years from now. Beyond that, we don't know much, but the Silver Star automaker describes the creation as "autonomous, luxurious and progressive" all at once. Expect it, then, to build on the F 015 Luxury in Motion concept presented at the beginning of the year at the Detroit Auto Show, and adopt an equally unusual silhouette, propelling itself (and its blissful occupants) in a self-driving cocoon of high-tech luxury. Don't be surprised to find some sort of alternative propulsion under the hood as well, be it a hybrid, full electric, or hydrogen fuel cell vehicle. The Tokyo show is typically populated mostly by Japanese automakers and their latest wares, and with so many of the country's own manufacturers lining up new debuts, this edition will be no exception. This year's expo, though, also appears to be attracting some foreign attention. In addition to this Mercedes concept, Mini will be showcasing its new convertible model for the first time at the show. Watch this space for more on the Benz concept as well as our full coverage of the show from our team of editors on the ground at the Tokyo Big Sight exposition center. News Source: Mercedes-Benz via Facebook Tokyo Motor Show Mercedes-Benz Technology Minivan/Van Concept Cars Tokyo 2015