# 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.

- Type: Acquisition
- Announced: 2021-12-24
- Where: Shenzhen, China
- Status: announced
- Products: new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daimler](https://endata.com/companies/3543.md) (partner)
- [BYD](https://endata.com/companies/9720.md) (acquirer)
- [DENZA](https://endata.com/companies/59928.md) (target)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/byd-daimler-agree-on-stake-change-in-joint-venture-denza-70019416), 2021-12-24: "After the deal, BYD will have a stake of 90% in DENZA New Energy while Daimler will hold the rest 10%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.