The Chinese are launching a luxury rival for Porsche and Mercedes. How the new Denza Z car from BYD looks
Denza was originally formed as a joint venture between BYD and Mercedes-Benz in 2011. Despite the presence of big names in the venture, Denza struggled to succeed, selling just 23,000 vehicles in its first decade. Mercedes-Benz reduced its stake to 10% in 2022. The German automaker eventually pulled out of the partnership last year, taking full control of BYD.
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