Zhejiang Geely Holding Group and Mercedes-Benz formed a German subsidiary under their China-based joint venture that will produce and market electric vehicles for the Smart brand.
Zhejiang Geely Holding Group and Mercedes-Benz formed a German subsidiary under their China-based joint venture that will produce and market electric vehicles for the Smart brand.
Despite discounts by brands such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.