Latest News About Shenzhen Denza New Energy Automotive

Updated 2026-04-29 06:03

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BYD, Daimler to Make Capital Increase in China NEV Joint Venture to Cover Provincial Capitals

(Yicai Global) May 29 -- BYD Automotive Industry and Daimler, parent company of Mercedes-Benz, will increase the registered capital of their new energy vehicle joint venture Shenzhen Denza New Automotive to enhance financial status and operations across China. BYD Auto and Daimler's subsidiary Daimler Greater China will respectively invest CNY400 million (USD62 million) to increase the registered capital of Denza Auto. After the capital increase, both sides will continue holding 50 percent...

www.yicaiglobal.com

BYD, Daimler once again adds capital to NEV joint venture ...

On January 14, registered capital of Shenzhen DENZA New Energy Automotive Co.,Ltd, a joint venture between BYD and Daimler, was increased by RMB700 million to RMB5.76 billion, according to an update record from corporate data platform Tianyancha.

autonews.gasgoo.com