Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BYD Reportedly Acquires Remaining 10% Stake in Denza; Mercedes-Benz Withdraws Investment
Recommend 3 Positive 2 Negative 5 |
||||
|
||||
|
According to Chinese media reports, Shenzhen DENZA New Energy Automotive underwent equity and business changes last Saturday (14th), with BYD Auto Industry's stake increasing from 90% to 100%. Mercedes-Benz (China) Investment, which originally held a 10% stake, and former director Hans Georg Engel have withdrawn. DENZA New Energy has officially changed from a "foreign-funded company" to a "company." In addition, Denza has transitioned from a joint venture between BYD COMPANY and Mercedes-Benz to an independent brand. BYD COMPANY has yet to respond to the related news. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
