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BYD Buys Mercedes-Benz Stake In Denza Joint Venture
17 Sep 2024 | Abstracted from Autocar
"...Denza...was co-founded by the Chinese and German companies in 2010...was originally a 50:50 joint venture between BYD and Mercedes, but the former upped its stake to 90% two years ago."Its acquisition of the [remaining] 10% share (for an undisclosed amount) means it has taken full control of the premium electric car brand..."
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