Daimler significantly reduces stake in Denza

Daimler, shortly the Mercedes-Benz Group, will significantly reduce its stake in Denza, the electric car joint venture in China with BYD. While Daimler is reducing its share from 50 to 10%, BYD will hold 90% of the shares. The transaction’s closing is subject to regulatory approvals and is planned for mid-2022. From then on, the
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