Daimler and Renault-Nissan have released new details about their Mexican manufacturing joint venture called COMPAS (Cooperation Manufacturing Plant Aguascalientes).

Originally announced last summer, the 50:50 joint venture will build the next-generation of premium compact vehicles for Mercedes-Benz and Infiniti. Production of Infiniti models will begin in 2017, while the first Mercedes is scheduled to roll off the line in 2018.

The plant will have a production capacity of more than 230,000 vehicles annually and the companies said there will be the potential to add additional capacity if needed.

The automakers declined to mention which cars will be made in Mexico but they reiterated the next-generation of compact models will be jointly developed and they will "closely collaborate at every stage of the product creation process."  Despite this, the Mercedes and Infiniti models will "clearly differ" as they will each have their own design, driving characteristics and specifications.

In a statement, COMPAS CEO Ryoji Kurosawa said “COMPAS is an outstanding example of the global reach of the Renault-Nissan Alliance and Daimler cooperation. Together we are combining the manufacturing expertise of Nissan and Daimler in one production plant in Mexico for the production of next-generation premium compact cars."

Gallery: Jointly-developed Mercedes & Infiniti models will "clearly differ" from each other

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