Mercedes-Benz AG and China’s Zhejiang Geely Holding Group have formally established a global joint venture company to handle the German carmaker’s smart brand. Pending regulatory approvals, the company will have its global headquarters in Hangzhou Bay, Ningbo with operational sales functions in both China and Germany. The total registered capital of the joint venture will … Continue reading Mercedes-Benz and Zhejiang Geely Holding Group establish new joint-venture to handle smart brand globally