FRANKFURT -- Mercedes-Benz Group has withdrawn from its Chinese electric vehicle joint venture with BYD, the German automaker said Tuesday, selling the remaining 10% interest it had held after unloading the bulk of its stake in 2021.
Electric vehicles
Mercedes exits luxury EV joint venture with China's BYD
Chinese automaker takes full control of Denza brand after troubled collaboration
The Denza luxury EV brand has turned around under BYD's control, selling 128,000 vehicles in 2023. © Reuters
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