Recently, it has been reported that Mercedes no longer holds a 10% stake in Denza, with BYD now fully owning 100% of Denza's shares. Denza has officially transitioned from a Sino-foreign joint venture to a BYD-owned enterprise. Neither Denza, BYD, nor Mercedes has issued a statement regarding this equity change.
On March 30, 2012, BYD and Daimler invested equally to form the Shenzhen BYD Daimler New Technology Co., Ltd., launching a new car brand-Denza. The establishment of Denza was aimed at creating a premium Chinese electric vehicle brand.
At the 2014 Beijing Auto Show, Denza's first electric car was officially launched, priced between 369,000 to 399,000 RMB. The vehicle was sold through Denza's independent stores. On December 24, 2021, BYD and Daimler adjusted their equity holdings, with BYD holding 90% of Denza's shares and Daimler holding 10%.
