Mercedes-Benz exits joint venture with BYD

Anyone who has been following the automotive news that takes place far beyond the Dutch borders for a while will be familiar with the existence of car brand Denza. It was founded in 2010 by BYD and Daimler AG. Daimler AG and BYD initially each held 50 percent of the shares in Denza, but that distribution changed in 2021. Daimler AG, then called Mercedes-Benz Group, reduced its share to 10 percent, with the result that BYD acquired 90 percent of Denza. The Germans have now had enough and are also letting go of the last 10 percent. From now on, Denza is purely a subsidiary of BYD, without German involvement. It is not known why Mercedes-Benz is leaving Denza for what it is. It has now been 10 years since Denza launched its first car on the market. That was the 400, an EV that was renewed in 2017 and called the 500 from that year onwards on the platform of the then current Mercedes-Benz B-class. In 2019, Denza introduced the plug-in hybrid SUV X, now called the N8. Denza has plans to come to Europe and has already shown a large electric MPV on European soil. The Denza Z9 is a lot more interesting for Europe. In April this year, AutoWeek was able to show you the first photos of the Denza Z9 GT: a station wagon-like model with a length of 5.18 meters and a wheelbase of 3.13 meters. In any case, the Z9 GT will be launched in China as an 870 hp plug-in hybrid and as an EV delivering 965 hp. The Z9 GT will also get a sedan brother. AutoWeek was previously able to exclusively show you the patent drawings of that model and we also have the first photos of that model (photos 1 to 4).

Source: www.autoweek.nl