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Daimler, BYD to restructure China EV venture Denza
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Daimler, BYD to restructure China EV venture Denza

2 years ago No Comments

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Daimler said its holdings in Denza will be reduced to 10%, and BYD will hold the remaining 90% equity interest after the transfer.

BYD is currently boosting premium electric models to compete with Nio (NYSE:NIO) and Tesla (NASDAQ:TSLA).

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