BEIJING/FRANKFURT, Germany -- Chinese automaker Zhejiang Geely Holding Group and Daimler will form a joint venture with the ambition of turning the German company's' struggling Smart car unit into an electric car brand with global appeal.
Chinese-German joint venture seeks to transform struggling Smart unit

Daimler's Smart brand enters a new phase under the joint venture.
BEIJING/FRANKFURT, Germany -- Chinese automaker Zhejiang Geely Holding Group and Daimler will form a joint venture with the ambition of turning the German company's' struggling Smart car unit into an electric car brand with global appeal.