Smart

The launch of the Smart #5 EHD marks the brand's shift from offering only pure electric cars to also developing hybrid models.

The Smart #5 EHD marks Smart's first PHEV model, with a pre-sales price set at RMB 189,900 ($26,670).

The all-new Smart #2 will be produced in China and launched in China, Europe, and other overseas markets.

Smart has expanded its portfolio for the right-hand drive market with the launch of the Smart #5 in Hong Kong and its debut in Malaysia.

Smart delivered a total of 27,702 EVs in China from January to July, bringing the total number of units delivered in China since the electrification transition to 37,044.

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.

Tianqi has acquired a 2.83 percent stake in Smart, giving the Mercedes-Geely JV a valuation of $5.3 billion.

The first Smart #3 vehicles were delivered in 41 cities. To date, Smart has completed 164 offline stores in China.

The Smart #3 is available in three regular versions and a limited edition, with a price range of RMB 209,900 to 289,900.

Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March.