# 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.

- Type: Acquisition
- Announced: 2022-01-03
- Where: Shenzhen, China
- Status: announced
- Products: new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daimler Greater China](https://endata.com/companies/32191.md)
- [BYD Auto Industry Co., Ltd.](https://endata.com/companies/50647.md) (acquirer)
- [Shenzhen DENZA New Energy Automotive](https://endata.com/companies/60050.md) (target)

## Sources

- [intlbm.com](https://intlbm.com/2022/01/03/daimler-and-byd-sign-agreement-to-promote-new-energy-vehicles-at-denza/), 2022-01-03: "Both partners intend to complete an equity transfer in DENZA."

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