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BYD acquires full ownership of Denza EV brand with exit of Mercedes Benz partnership
On September 18, multiple sources reported that BYD has taken full control of its joint venture with Mercedes-Benz in China by acquiring the remaining 10% stake in the Denza premium electric vehicle brand. The venture was established in 2011 as Shenzhen BYD New Energy, initially had both companies holding equal share....
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