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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:

2015 Mercedes-Benz SLK250 Quick Spin [w/video]

We car writers tend to have a occupationally limited focus. Autoblog's stock in trade is automotive news and new car reviews, which often steers us towards forgetting existing models about 17 minutes after we've driven it a second time. You guys like reading about the new hotness, too, so it tends to work out. But the wonderful fact is that every car sold today will have a rich/interesting/heroic/tragic life for years to come. And, occasionally, even obsolete makes and models stay interesting. That was my thinking when this 2015 Mercedes-Benz SLK250 came into our fleet. Set to be replaced with the SLK300, with that car's 2.0-liter turbo'd engine, the 250 is already running out the clock in Mercedes dealerships. What's more, my test car came complete with – are you ready for this? – a six-speed manual transmission. I can't tell you the last exact model of Benz that I'd driven with a stick shift, but I can assure you that its engine was carbureted. Considering the odd spec and replacement timeline, my question, as I drove the SLK for a week: was this a unicorn destined to be a driver's dearest find? Driving Notes: Let me not bury the lede any more: the six-speed isn't a game changer for the SLK. Yeah, over the course of a few days I came to be comfortable with the slightly vague clutch and notchy shifter, but I didn't love it. I went blasting on a few back roads, and found the hand-shaker more involving to use than the standard auto, but it was long to throw and not overly precise when I moved up and down between second, third, and fourth. On the other hand, the old 1.8T under the SLK250's bonnet still felt well matched with the base SLK's boulevardier mission. Output of 201 horsepower and 229 pound-feet of torque doesn't give enough gumption to move the hardtop German lump with authority, but it was still enough to be quick off the line and offer easy highway passing. The turbo four didn't sound bad under full throttle, either, but it did rattle like old plumbing when idling in the driveway. Speaking of rattling: the adjustable and Airscarf-equipped seats did a lot of it. (Airscarf, you'll recall, is M-B's brand name for an in-seat fan that blows hot air on your neck; it's nice on a cold day.) Though comfortable and mildly bolstered, the driver's chair made all kinds of funny noises when I got in, got out, or cornered over 20 miles per hour. That's rough for a luxury car with 6,000 (or so) miles on it.

Driving the Kia K5 and Mini Cooper JCW GP, plus an interview with Jimmy Chin | Autoblog Podcast #637

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder and News Editor Joel Stocksdale. They veer off right away into talking about their dream project garages. Next up is news, including some info on the next Nissan Z car, the Honda Fit being discontinued in the U.S., new Mercedes-Benz EQS details, and some talk about the new, electric GMC Hummer being adapted for the military. Then they talk about driving the new Kia K5 sedan and the Mini Cooper JCW GP, before they opine about the 1966 Pontiac GTO. Autoblog Senior Producer Chris McGraw interviews Oscar-winning filmmaker Jimmy Chin about his collaboration with Ford for the Bronco reveal, and more. Finally, our editors help a listener in the U.K. pick a used vehicle in the "Spend My Money" segment. Autoblog Podcast #637 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Some thoughts on project cars News Nissan suggests the next-generation Z won't be electrified at launch Fit Is Gone! Honda drops subcompact hatch in U.S. Mercedes-Benz announces the electric EQS will offer over 435 miles of range GMC's electric Hummer could someday serve alongside the Humvee in the U.S. Army Driving the 2021 Kia K5 Driving the 2020 Mini Cooper JCW GP 1966 Pontiac GTO: Love it or hate it? We talk Ford Bronco and other adventures with Oscar-winning filmmaker Jimmy Chin Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: