Mercedes-Benz Group unwound a bet on China’s electric- vehicle market, selling its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales locally.
Mercedes in July cut the outlook for its mobility business, citing its difficulties in China and higher costs of charging infrastructure. The company has faced headwinds elsewhere, including trade tensions between Europe, China and the U.S., which have driven profits lower in recent quarters.

Denza was established by BYD and Mercedes in 2010 with a mission to create a leading premium brand of EV and hybrid cars. Each company initially held a 50% stake, but Mercedes lowered its interest to 10% in 2021 in a transaction with BYD.
BYD has signaled that it is committed to Denza, which has sold more than 200,000 units of its D9 model in the period after Mercedes first cut its stake in the venture. Denza’s new four-door EV and hybrid Coupe Z9 GT is scheduled for a Sept. 20 launch. List prices for the new vehicle range between 339,800 yuan and 419,800 yuan, equivalent to $47,800 to $59,180.

You can get Mercedes Benz valuation, here https://www.growthvaluation.com/download-category/evaluations/