BYD to increase stake in DENZA joint venture to 90%

BYD Auto Industry and Daimler Greater China signed an agreement for BYD to increase its stake in Shenzhen DENZA New Energy Automotive from 50% to 90%, with Daimler retaining 10%. The deal is expected to close in mid-2022.

“After the deal, BYD will have a stake of 90% in DENZA New Energy while Daimler will hold the rest 10%.”autonews.gasgoo.com

• 1 source
• autonews.gasgoo.comBYD, Daimler agree on stake change in joint venture DENZA | GasgooAmendaDec 24, 2021

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