Mercedes-Benz is joining fledgling Chinese carmaker, BYD, to create an all-new car brand for the Chinese market, a source has confirmed.
While the name is not yet fixed, the project has been signed off by both Daimler and BYD to give birth to an all-electric car company to design and build cars in China.
Byd has made no secret of its admiration of premium German cars and car makers - with a logo some say apes BMW's and a convertible model, pictured here at the Shanghai Motor Show in 2009, clearly inspired by the models Mercedes produced in the late 1990s.
“Our new car will be developed and built and designed in China,” our Daimler source said.
“We have a design team in Beijing already and they’re working on options for it now.”
The two companies are already building a centre of design in China and our source insists early design sketches for the new car will be ready within two months.
tThe first production cars are around three years away, Benz admits it has gone to BYD for its advanced cost-effective electric technology and to help it learn how to build low-cost cars.
While the brand - Daimler’s first new brand launch since the ill-fated Maybach - will only be sold in China, the battery technology being developed for the new brand will also find homes in smarts and Renaults around the world.
While BYD is known for its Lithium-Ion battery technology, Benz has moved into Li-Tech batteries and the two are attempting to combine their resources.
“We will use BYD battery cells for our Chinese car and develop them a little further for low-end cars in Europe,” our source said.
Benz insiders have admitted they need the know-how to build cheap small cars and, especially, electric cars, and China has it.
“If we asked our engineers to design a car with that level of safety, they would just not do it.
“Our cars are designed for at least 300,000km and keeping a car that long is not the culture in China so maybe it doesn’t have to meet all of the internal standards,” he admitted.
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Poor Herr Zetsche is doing a Schrempp!
Its not his fault - its all he has learnt! Daimler should learn to get its priorities right and then concentrate on them and only them!
Poor Zetsche in going off in all sorts of directions and leaving a trail of started projects without getting rid of the old ones! As a start he should simply bin Smart and all its committments!
Presumably Daimler really needs a completely new CEO that is more businessman and entrepreneuer and NOT just car man! In fact more like the present boss of Renault-Nissann Carlos Ghosn ?
Possibly the ball for this lies with Mr Ackermann in Frankfurt but then they are buddies?
What Daimler does not need is a string of projects and epensive committments as was with Schrempp!
there is just one word for this..... UGLY!! How desperate does Merc have to be to come out with this sort of rip off sh*t. Its got huge potential and all i see are cars that could only have been thought of and made by Korean car companies. the e class looked like a rear end of a new sonatas, only when i saw the merc badge i thought what the f**k. there is no simplicity in their design language, too many creases and lines everywhere, menace looks when i always thought Merc were about elegance and beauty.
Where is Mercedes going? I really don't know. I looks like they have some sort of gun, and (they) are shooting everywhere and at any diana, to see if they are lucky enough to hit it. I think they are taking risks at the expense of their good name...
The rear quarter picture looks like its based on an Astra CC. Even the door handles look Vauxhall.