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Mercedes-Benz exits luxury EV joint venture with BYD, Chinese OEM takes control
Mercedes-Benz has sold its remaining 10% stake to BYD, giving the Chinese electric car giant full control of the joint ...
electrive5d
Mercedes-Benz exits Denza completely
Chinese partnership: in 2011, Daimler and the Chinese car manufacturer BYD founded the joint venture Denza to jointly produce ...
Drive on MSN2d
Mercedes-Benz sells remaining share in BYD luxury brand
BYD now has full control over Denza, a luxury-car brand originally founded as a joint-venture between it and Mercedes-Benz in ...
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 ...
FIRSTonline1d
Mercedes in crisis: Chinese market sinks profits but the entire sector suffers, August registrations down 16% - FIRSTonline
Mercedes-Benz downgrades 2024 forecasts due to falling demand in China. Shares collapse in Frankfurt, also negatively impacting Stellantis. But the entire sector is worrying: in August, heavy decline ...
Is BYD’s Stock Underappreciated by the Market?
Valuation data supports the notion that China-related concerns weigh on the stock. BYD certainly isn’t expensive when we ...
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-Benz Sells out of China EV Maker as Luxury Spending Drops
Mercedes-Benz Group unwound a bet on China's electric-vehicle market, selling its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales locally.