FILE PHOTO: A woman walks past a BYD sign at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song
Daimler said its holdings in Denza will be reduced to 10per cent, and BYD will hold the remaining 90per cent equity interest after the transfer.
BYD is currently boosting premium electric models to compete with Nio and Tesla.
Source: Reuters