On December 24, BYD Automobile and Daimler plan to increase the capital of Denza New Energy by 1 billion yuan in a monetary manner according to the proportion of shareholding. After the completion of the capital increase of the shareholders of both parties, BYD Automobile and Daimler will continue to hold 50% of the equity of Denza New Energy respectively. The capital increase indicates that both parties will increase their investment in the brand, and according to the previous plan, Denza will launch a new model next year.
Denza is a 50:50 joint venture between BYD and Daimler, and there is currently only one dentist X model on sale, and it has been tepid since its launch. The car is based on BYD Don, designed by Mercedes-Benz, and BYD provides three-electric technology. After the capital increase and the launch of new models, its brand competitiveness will be further enhanced, which is expected to help increase sales.