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Smart (stylized in lowercase) is a German automotive marque established in 1994. Smart Automobile Co., Ltd. is a joint venture established by Mercedes-Benz AG and Zhejiang Geely Holding Group in 2019 and aimed at producing Smart-badged cars in China to be marketed globally.
The Smart Fortwo (stylized as "smart fortwo") is a two-seater city car manufactured and marketed by the Smart division of the Mercedes-Benz Group for model years 1998–2024, across three generations — each using a rear-engine, rear-wheel-drive layout and a one-box design.
Public concerns over the car's stability, combined with Smart's elitist marketing and the sheer radicality of the car's design, proved damaging to initial sales. Production projections were slashed from 200,000 per year to 80,000 which was almost disastrous for a new brand with just one product. [citation needed]
For comparison purposes, the fifth year of ownership of a 2018 smart car Fortwo Prime costs approximately $5,437 for insurance, maintenance, repairs and more, per Edmunds.
The battery-electric smart forfour electric drive entered mass-production in 2017 at Renault's Novo Mesto plant in Slovenia and was marketed in Europe, competing with other electric city cars such as the MG ZS EV, Renault Twingo Z.E (with which it shares many components), and Volkswagen E-up!, including the SEAT Mii electric and Škoda Citigo-e ...
Huawei has set up a separate smart car unit, in another stride forward in the Chinese tech giant’s plans to make a splash in the automotive world. ... Last year, it also rolled out two new ...
Smart is the company with the lowest in-house production depth in the automobile sector. It accounts only for 10%, most other manufacturers often still have 20–40%. This means that 90% of the production steps to the complete car are performed by component suppliers.
Richard Yu, head of Huawei's consumer business and who has overseen the smart car unit for years, is unlikely to lead the new firm, one of the people said without elaborating. ($1 = 7.2111 Chinese ...