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smart is a luxury compact car brand originating from Germany, co-founded in 1994 by Daimler AG (the parent company of the Mercedes-Benz brand) and the Swatch Group. The smart brand is dedicated to exploring the best solutions for future urban transportation. Its name "smart" is derived from the combination of the German word "smart" (meaning intelligent) and "micro" (meaning small), symbolizing a design concept that is compact, agile, and intelligent. smart models are designed with urban use in mind and are popular in the market for their compact body, innovative technology, and eco-friendly philosophy. In 2019, the global company of the smart brand was officially established, with shares held by Mercedes-Benz and Geely Automobile Group. The two parties leverage synergies in areas such as research and development, manufacturing, and supply chain to create a globally leading new luxury intelligent pure electric car technology brand. The new generation of smart's pure electric vehicle family is led by the smart R&D team for engineering development, with the global design team of Mercedes-Benz responsible for the design, expanding the product lineup to more market segments.