Daimler and BYD realign DENZA joint venture ownership

Daimler Greater China and BYD Auto Industry signed an equity transfer agreement to realign the structural setup of their joint venture Shenzhen DENZA New Energy Automotive. After the transfer, Daimler will hold 10% and BYD will hold 90% equity interest.

“Both partners intend to complete an equity transfer in DENZA.”intlbm.com

• 1 source
• intlbm.comDaimler and BYD sign agreement to promote new energy vehicles at DENZA - INTLBMEditorial TeamJan 3, 2022

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