Mercedes-Benz exits luxury EV joint venture with BYD, Chinese OEM takes full control
Mercedes-Benz has sold its remaining 10% stake to BYD, giving the Chinese electric car giant full control of the joint venture. This ends a 13-year partnership between the two companies, with Denza brand now wholly owned by BYD. Mercedes-Benz’s technology has not been incorporated into the current Denza cars. The move comes at a time…