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Daimler Smart Plans More Models, Outlets to Spur China Sales

Daimler AG’s Smart brand plans to introduce more models and expand its sales network in China as the producer of two-seater compact city cars seeks more orders in a market dominated by SUVs and minivans.

The maker of Mercedes-Benz cars plans to bring to China an electric version of its two-seater Smart Fortwo and a new four-seater being developed with Renault SA, head of Smart Brand Annette Winkler said in an interview. Smart expects to boost annual sales in the nation by 15 percent annually, on average, in the next few years by tapping demand in cities with a population of more than one million, she said Aug. 10.