BYD takes full control of Denza JV
Mercedes Withdraws From Denza, BYD Takes Full Ownership
The brand's current generation of cars don't feature any technologies from Mercedes, so customers won't notice any differences
BYD now owns 100% of Denza - a Mercedes JV in China
BYD Company (OTCPK:BYDDF) acquired full control of its joint venture with Mercedes-Benz (OTCPK:MBGAF) in China as it bought the remaining 10% stake in Shenzhen Denza New Energy Automotive, according to a CnEVPost post.
BYD takes full control of Denza JV as Mercedes-Benz pulls back from China amid trade tensions
Benz, gaining complete control of the Denza brand amid rising trade tensions. The partnership lasted 13 years, ending as Mercedes reduced its stake due to poor sales while Denza’s new models gained popularity.
Mercedes-Benz exits Denza completely
Chinese partnership: in 2011, Daimler and the Chinese car manufacturer BYD founded the joint venture Denza to jointly produce low-cost cars for the Chinese market. After reducing its stake in 2021, the Stuttgart-based company has now exited Denza completely.
BYD now fully owns Denza after Mercedes-Benz sells off remaining 10% stake in NEV brand joint venture
Mercedes-Benz has withdrawn from its Denza joint venture with BYD in China after selling off its remaining 10% equity. This comes a few years after BYD increased its stake in the JV to 90% in
BYD Reportedly Acquires Remaining 10% Stake in Denza; Mercedes-Benz Withdraws Investment
According to Chinese media reports, Shenzhen DENZA New Energy Automotive underwent equity and business changes last Saturday (14th), with BYD Auto Industry's stake increasing from 90% to 100%. Mercedes-Benz (China) Investment,
Mercedes-Benz exits joint venture with BYD
BYD now wholly owns Denza, a brand it formed with Mercedes-Benz in 2010, after the German firm reduced its involvement over the years.
Mercedes-Benz sells remaining share in BYD luxury brand
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