Chinese automaker BYD plans to inject $51m into BYD-Daimler EV JV

Chinese automaker BYD plans to inject $51m into BYD-Daimler EV JV

Denza debuts the Denza X, a seven-seat SUV model that is available in two versions: all-electric and plug-in hybrid, in November 2019.

Chinese automobile manufacturer BYD announced on Wednesday that it has agreed to inject 350 million yuan ($51 million) in cash into Denza, an equally owned joint venture between BYD and Germany’s Daimler AG that specialises in luxury electric vehicles.