Bydy announced that BYD Automobile Industry and Daimler Greater China Investment Co., Ltd. (hereinafter referred to as "Daimler"), a holding subsidiary of the company, intend to increase the capital of Shenzhen Denza New Energy Automobile Co., Ltd. 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 Industry and Daimler will continue to hold 50% of the equity of Denza New Energy respectively.
![Daimler Greater China Executive Vice President Shaoqing was promoted very quickly from employee to senior executive[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)