There was a remarkable development regarding the activities of German car giant Mercedes-Benz in China. The company was founded a few years ago together with BYD.Denza” has completely withdrawn from its partnership in the car brand. BYD is now Denza’s sole owner.

Denza, founded in 2010 and having become very popular in recent years, has become increasingly popular in recent years. to wealthy individuals A brand that appeals. Denza, in which both parties had a 50 percent share when it was founded, came under the management of BYD in 2022. BYD is expanding its presence in Denza 90 percent levels had risen.

It is not clear what kind of agreement was reached.

* Denza D9. In 2023, it became the best-selling car in its category.

Mercedes-Benz has only 10 percent ownership rights after the previous agreement. To sell the remaining rights It is not clear what kind of agreement he made. The parties have not made any statement about this.

In the meantime; The end of the collaboration between Mercedes-Benz and BYD timing in terms of noteworthy. We have readers who know the subject; The European Union has recently started imposing heavy taxes on cars imported from China. This is between China and the European Union. increased tension caused. It seems that Mercedes-Benz has taken such a decision to stay away from all this tension.