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Daimler Gets Chinese OK to Market Electric Smart Car in China

The Chinese government has approved Daimler AG’s (DAI.XE) smart brand electric car for the Chinese market, making it the first European importer to sell a fully electric vehicle in the country, Daimler said Saturday.

MAIN FACTS:

-Daimler will soon bring the smart fortwo electric drive to China before year-end.

-This means smart will be the first European importer to sell a fully electric vehicle on the Chinese market.

-In 2012, more than 1000 smart electric drive models were produced and delivered to customers in Europe.

-This year, production of the electric drive will be stepped up continuously to satisfy the high demand from customers worldwide.

-Smart is now represented in 46 markets worldwide, with the brand most recently introduced in Russia.
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