EE Impact

Smart

Germany · Automotive

LeaveRussia detail: Scaling Back

Scaling back

Smart is a German automotive marque. Smart Automobile Co., Ltd. is a joint venture established by Mercedes-Benz AG and Zhejiang Geely Holding Group in 2019 and aimed at producing Smart-badged cars in China to be marketed globally. The venture is headquartered in Ningbo.

Status last verified 03/08/2026Source checked 10/06/2025Company website ↗LeaveRussia profile ↗

Decision trail

Received revenues in Russia in 2021-2024, there is no any official announcement. Increased revenues in 2022 vs 2021. Revenue decreased in 2024 vs 2023 by more than -10%.

Local stats (LeaveRussia)

Assets(RF), mln.USD
27
Capital(RF), mln.USD
21
Revenue(RF), mln.USD
26
Staff(RF), 2021
127
Taxes(RF), mln.USD
2

Status history since 2022

  1. 03/08/2026 scaling back · Imported from KSE LeaveRussia

Possible sanctions matches

Name-based matches against EU/US/UK lists — verify identity before drawing conclusions.

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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Statuses, logos and narrative notes are compiled from public reporting and the KSE LeaveRussia project. Found an error? See our corrections policy.