BYD and Daimler to invest CNY 800 million in Denza NEV joint venture

BYD Automotive Industry and Daimler Greater China will each invest CNY 400 million (total CNY 800 million, about USD 124 million) to increase the registered capital of their new energy vehicle joint venture Shenzhen Denza New Automotive, maintaining 50% stakes each.

“BYD Auto and Daimler's subsidiary Daimler Greater China will respectively invest CNY400 million (USD62 million) to increase the registered capital of Denza Auto.”yicaiglobal.com

• 1 source
• yicaiglobal.comBYD, Daimler to Make Capital Increase in China NEV Joint Venture to Cover Provincial CapitalsTang ShihuaMay 29, 2018

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