Geely, Daimler form premium mobility JV in China
Zhejiang Geely Holding Group and Daimler established a 1.7-billion-yuan ($246-million) joint venture in the east China city of Hangzhou to offer mobile services in China.
Initially, the mobility venture will use several Mercedes-Benz models - the S- and E-Class sedans, and V-Class multi-purpose vehicles - to provide premium mobility services in select Chinese cities.
Going forward, the fleet will be expanded to include Geely’s high-end electric vehicles.
The new company is equally owned by the two automakers’ mobility subsidiaries Geely Technology Group and Daimler Mobility Services.