The Smart #1 will also be available in Italy, the Netherlands, and Portugal, and the Smart #3 will be officially launched and deliveries will begin in Europe early next year.
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Tianqi has acquired a 2.83 percent stake in Smart, giving the Mercedes-Geely JV a valuation of $5.3 billion.
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China speed at its best. Also #3 top trim has 422 HP.
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The first Smart #3 vehicles were delivered in 41 cities. To date, Smart has completed 164 offline stores in China.
(Image credit: CnEVPost)
The tight pace of new models from launch to delivery is one of the most important features of the highly competitive Chinese electric vehicle (EV) market.
Smart Automobile, a joint venture between Geely and Mercedes-Benz, began deliveries of the Smart #3 in China yesterday, just 20 days after the model's official launch.
Smart announced on Wednesday that the first Smart #3 vehicles were delivered in 41 cities, including Shanghai, Beijing, Nanjing, Chengdu and Xi'an, without disclosing the exact number of vehicles delivered.
(Image credit: Smart)
Smart officially launched the Smart #3 in China at an event on June 1, its second model after the Smart #1 following its electrification transition.
The Smart #3 is available in three regular versions -- Pro+, Pulse and Premium -- starting at RMB 209,900 ($29,240), RMB 239,900 and RMB 255,900 respectively.
The model is also available in a limited edition Brabus Performance version of only 1,999 units at RMB 289,900.
The car is positioned as a coupe SUV with a length, width and height of 4,400/4,542 mm, 1,844 mm and 1,556 mm respectively, and a wheelbase of 2,785 mm.
The Smart #1 measures 4,270 mm in length, 1,822 mm in width and 1,636 mm in height, and has a wheelbase of 2,750 mm.
This means that the Smart #3 is longer and wider than the Smart #1, but lower.
The Smart #3 is available with two power options, a single-motor version with 200 kW peak motor power and a dual-motor version with 115 kW and 200 kW peak front and rear motors, respectively.
It accelerates from 0 to 100 km/h in 5.4 seconds for the single-motor version and 4.3 seconds for the dual-motor version, and from 0 to 100 km/h in 3.6 seconds for the Brabus Performance version.
The model is available in three range versions with CLTC ranges of 520 km, 555 km and 580 km, and its battery pack is a ternary lithium battery from CALB and Sunwoda.
On June 18, Smart announced the opening of its flagship experience center in Shanghai, its fifth after Chengdu, Hangzhou, Guangzhou and Beijing.
Smart now has 17 stores in Shanghai, including one brand flagship center, four service centers and 12 retail showrooms. This year, Smart will add an additional eight stores in East China, it said.
To date, Smart has built 164 offline outlets in China, and the number is expected to exceed 200 by the end of this year, covering more than 60 first-tier, new first-tier and second-tier cities, it said.
Smart delivered 2,624 vehicles in China in May, down 40.23 percent from 4,390 units in April, according to data it released earlier this month.
Smart has delivered a cumulative total of 28,923 electric vehicles in China since last September, data monitored by CnEVPost show.
($1 =RMB 7.1795)
Chinese Lithium giant Tianqi reportedly mulling stake in Mercedes-Geely JV Smart
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On June 1, Smart #1 was officially launched in France, three months after Smart #1’s delivery started in the German market in March this year, according to the Mercedes-Benz and Geely joint venture. The vehicle delivery cycle is expected to be 2 – 8 weeks after the configuration is locked down. Furthermore, in an attempt to accelerate its […]
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Smart #3 is coming to Europe in 2024. Top trim level have acceleration 0-100km/h in 3.6 seconds.
The post Geely-Mercedes venture launched Smart #3 EV in China. Starts at 29,700 USD, 555 km range appeared first on CarNewsChina.com.
The Smart #3 is available in three regular versions and a limited edition, with a price range of RMB 209,900 to 289,900.
(Image credit: Smart)
Smart Automobile, Geely's joint venture with Mercedes-Benz, is making its second model since its electrification transition available in China, as it ramps up its efforts in the world's largest electric vehicle (EV) market.
Smart officially launched the Smart #3 in China at an event Thursday evening, with first deliveries set to begin this month.
The car is available in three regular versions -- Pro+, Pulse, and Premium -- with starting prices of RMB 209,900 ($29,586), RMB 239,900, and RMB 255,900, respectively.
In addition to these three versions, the Smart #3 is also available in a Brabus Performance version for RMB 289,900, but is limited to only 1,999 units.
The Smart #3 is a coupe SUV with a length, width and height of 4,400/4,542 mm, 1,844 mm and 1,556 mm respectively, and a wheelbase of 2,785 mm.
For reference, the Smart #1, the first production model after the electrification of the Smart brand, measures 4,270 mm in length, 1,822 mm in width and 1,636 mm in height, and has a wheelbase of 2,750 mm.
This means that the Smart #3 will be longer and wider than the Smart #1, but lower.
The Smart #3 has two powertrain options, a single-motor version with 200 kW of peak motor power and a dual-motor version with 115 kW and 200 kW of peak front and rear motor power, respectively.
Acceleration time from 0 to 100 km/h is 5.4 seconds for the single-motor version and 4.3 seconds for the dual-motor version, and 3.6 seconds for the Brabus Performance version.
There are three range versions, with CLTC ranges of 520 km, 555 km and 580 km. The battery pack is a ternary lithium battery from CALB and Sunwoda.
The Smart #1 went on sale in China on April 25, 2022, with deliveries starting on September 24.
The model was designed by Mercedes-Benz, with the Smart R&D team leading the engineering development, and is based on Geely's SEA (Sustainable Experience Architecture) architecture.
Smart delivered 2,624 vehicles in China in May, down 40.23 percent from 4,390 in April, according to data it released yesterday.
Smart has delivered a total of 28,923 electric vehicles in China since last September, according to data monitored by CnEVPost.
($1 = 7.0945 yuan)
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Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March.
(A Smart #1 on display at the Shanghai auto show in April 2023. Image credit: CnEVPost)
Chinese lithium giant Tianqi Lithium is considering buying a minority stake in Smart Automobile, a joint venture between Mercedes-Benz and Geely Holding Group, as part of the latter's latest round of private funding, Bloomberg said today, citing people familiar with the matter.
Tianqi is in advanced talks to invest $100 million to $200 million in Smart in a deal that could value Smart at several billion dollars, people familiar with the matter said, adding that an agreement could be reached as soon as the next few weeks.
Shenzhen-listed Tianqi, one of China's largest lithium producers, raised about HK$13 billion in a Hong Kong IPO on July 13, 2022.
Mercedes first launched Smart in Germany in 1998 and brought the brand to the US a decade later, with the original two-seat model aimed at urban buyers with crowded parking spaces, the Bloomberg report noted.
Geely and Mercedes-Benz officially announced a 5.4 billion yuan ($783 million) Smart joint venture in Hangzhou Bay, Ningbo, in early 2020.
As part of the agreement, Mercedes-Benz designers will design the Smart cars and Geely will engineer them.
Smart has been considering raising capital as part of its effort to revive the compact car as an all-electric brand. The company was initially aiming to raise between $500 million and $1 billion in fresh funds, according to a Bloomberg report last year.
Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March, according to data monitored by CnEVPost.
The brand currently has only one model on sale in China, the Smart #1, which went on sale in China on April 25, 2022, with deliveries starting on September 24.
The model was designed by Mercedes-Benz, with the Smart R&D team leading the engineering development, and is based on Geely's SEA (Sustainable Experience Architecture) architecture.
On April 17, Smart unveiled its new Smart #3, its second product since its electrification transition, on the eve of the Shanghai auto show.
($1 = RMB 6.8964)
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From the press release: Geely is resposnible for the manufacturing and tech ... Mercedes designed a virtual assistant, Cheetah, and created to it 40 action images and 6 exclusive action images.
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Smart is a brand owned by Mercedes and Geely. Mercedes takes care of the exterior and interior design, and Geely about manufacturing and tech.
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