Daimler and Geely to create engine for Mercedes and Volvo
The engine will be hybrid and will appear by 2024. The companies said they were united by a common goal - to achieve zero emissions as soon as possible.
Multinational Daimler and China's Geely have announced joint work on a highly efficient engine for next-generation hybrid vehicles. The corresponding press release appeared on the Daimler website.
The companies will work on powertrains to "improve global competitiveness and achieve real savings." At the same time, the results of this work can be used by subsidiaries of two corporations - Mercedes-Benz and Volvo.
Collaboration involves cooperation in engineering, resource use, production, and performance evaluation.
The document emphasized that the companies are united by a common goal - they want to come to zero emissions as soon as possible.
"We are looking forward to the future; when, together with Volvo’s ICE unit and Geely, we will further extend our synergies in the field of highly efficient drivetrain systems in China and the world." - said Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG.
Exactly when Daimler and Geely plan to produce engines for the next generation cars has not been specified. But the German edition of Handelsblatt claims that the release of the new motor will be launched by 2024.
Geely has been Daimler's largest shareholder since 2018, with a stake of around 10%. The companies have already worked together, in particular, developing new models of the Smart brand.