Senior executives of small EV brands Polestar and Smart said they are open to new technology and investor partners as they fight for sales against larger rivals.
Smart, a joint venture of Mercedes-Benz Group and Zhejiang Geely Holding Group is "open for a third, fourth, fifth investor, not only for funding but technology," Dirk Adelmann, CEO of Smart Europe, said on Tuesday at a Reuters automotive conference in Munich.
Smart is launching two new EVs in Europe, China and other markets. In Europe, the new Smart #1, launching now, and the future Smart #3 compact crossover, due next year, will steer into the heart of the market against models such as the Volkswagen ID3 electric car.