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BYD takes full control of Denza JV
BYD Takes Full Control of Mercedes-Benz Venture in China
Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an increasing number of foreign carmakers dial back their exposure to the world’s biggest auto market.
BYD now owns 100% of Denza - a Mercedes JV in China
BYD Company (OTCPK:BYDDF) acquired full control of its joint venture with Mercedes-Benz (OTCPK:MBGAF) in China as it bought the remaining 10% stake in Shenzhen Denza New Energy Automotive, according to a CnEVPost post.
BYD takes full control of Denza JV as Mercedes-Benz pulls back from China amid trade tensions
Benz, gaining complete control of the Denza brand amid rising trade tensions. The partnership lasted 13 years, ending as Mercedes reduced its stake due to poor sales while Denza’s new models gained popularity.
BYD to take on the Mercedes-Benz Sprinter van on home turf
Electrek
18h
BYD’s $10,000 Seagull EV was the top-selling car in China last month
BYD’s cheapest electric car, the Seagull, was the top-selling car in China last month, with nearly 41,000 models sold.
EconoTimes
1d
BYD Still Poised to Offer Cheapest EV in US Despite 100% Tariff on Imports
Despite a new 100% tariff on Chinese EV imports, BYD will still offer the cheapest electric vehicle in the US, priced under ...
6d
Chinese EV giant BYD ramps up hiring as Beijing prioritises employment
BYD , has significantly ramped up hiring, increasing its workforce to more than 900,000 people as of Friday, a senior manager ...
Electrek
1d
BYD would still have the cheapest EV in the US, even with a 100% tariff
Even with the new 100% tariff on electric vehicles imported from China, BYD would still have the cheapest EV in the US. According to a new report, BYD’s lowest-priced EV would still undercut all US ...
2d
on MSN
Mercedes-Benz Sells Out of China EV Maker as Luxury Spending Drops
Mercedes-Benz has sold its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales ...
1d
on MSN
Mercedes Withdraws From Denza Joint Venture, BYD Now Owns 100% Of The Brand
The brand's current generation of cars don't feature any technologies from Mercedes, so customers won't notice any ...
23h
China Market Update: Mainland Remains Moody
Asian equities were mixed overnight on light volumes and a weaker US dollar in advance of today’s US Fed interest rate ...
Automotive News
8d
BYD sets higher annual sales target, brokerage report shows
The goal would put BYD almost at par with Ford, which ranked sixth by global sales in 2023 with 4.4 million vehicles sold.
3d
New Toyota bZ3C For China Looks Like A Prius Crossover
This is our best look at the production-spec version of the Toyota bZ3C, an eye-catching EV developed for the Chinese market ...
Carsguide.com.au
7h
Mazda's BYD Seal and Tesla Model 3 rival coming soon? 2025 Mazda 'EZ-6' electric car seen testing in Europe: Report
A new Mazda sedan has been spied testing in Europe. The vehicle in question looks very similar to the China-market EZ-6 sedan ...
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