Daimler, BYD sign equity transfer agreement for Denza JV in China

On December 24, Daimler signed an equity transfer agreement with its long-term Chinese partner BYD Auto Industry Co., Ltd. (BYD) to restructure joint venture Shenzhen DENZA New Energy Automotive Co., Ltd. (DENZA).
According to the agreement, both partners intend to complete an equity transfer in DENZA in mid of 2022.....

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