Geely-Mercedes JV to sell Smart EVs in Malaysia, Thailand

Chinese electric vehicle (EV) manufacturer Smart Automobile has signed an agreement with Malaysia’s Proton Holdings for distribution of vehicles in Malaysia and Thailand.

Smart, a joint venture established in 2019 between Mercedes-Benz and China’s Geely Group, will work with Proton Edar, Proton’s national vehicle distributor, to expand into the two south-east Asia markets.

As part of the agreement, Proton Edar undertakes to establish multi-channel sales and service networks in Malaysia and Thailand for the Smart brand, including brand experience centres.

Geely Group is the 2nd largest Mercedes-Benz shareholder and also owns a 49% stake in Proton Holdings which is increasingly reliant on its Chinese partner for its products.

See also

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