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Smart issued a clarification statement: Mercedes-Benz and Geely did not withdraw from the list of shareholders

2025-03-28 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues from rain and snow and Daniel Wu in South China! CTOnews.com, June 29, smart Brand Global issued a clarification statement denying that Mercedes-Benz and Geely had withdrawn from the company's shareholders.

"at present, smart Brand Global is still a joint venture jointly owned by Mercedes-Benz and Geely on an equal share ratio," smart wrote in a statement. "in order to meet the needs of enterprise development and seize market development opportunities, smart will flexibly adjust its strategic deployment."

▲ smart brand global company statement CTOnews.com inquiry national enterprise credit information publicity system found that Mercedes-Benz Co., Ltd. withdrew from the ranks of shareholders of Smart Motor Motor Co., Ltd. on June 7, while Geely Motor Group Co., Ltd. withdrew on June 25. SMART MOBILITY PTE.LTD. And SMART MOBILITY INTERNATIONAL PTE.LTD. Become the controlling shareholder of Zhimada Automobile Co., Ltd., each holding 50%. The type of the company has been changed from a previous Sino-foreign joint venture limited liability company to a non-wholly foreign-owned limited liability company with foreign investment.

After a series of major industrial and commercial changes in Zhi Motor Motor Co., Ltd. (smart in China), it has triggered speculation about the withdrawal of Mercedes-Benz and Geely from smart shareholders.

Screenshots of the ▲ National Enterprise Credit Information publicity system show that on December 17, 2019, Geely Automobile Group Co., Ltd. and Mercedes-Benz Co., Ltd. jointly funded the establishment of Zhi Motor Motor Co., Ltd., which is also a joint venture of the smart brand in China.

Smart Spirit # 1, the first model of Smart Motor Co., Ltd., was launched in June 2022, and the second model, smart Spirit # 3, was launched in June 2023. Both models are based on Geely's vast SEA architecture.

▲ smart Wizard # 3

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