[Technology] Daimler cuts shares in BYD and Chinese electric vehicle ventures Daimler AG is BYD Auto Industry Co. in China following the long-standing sluggish sales of the brand. Reduce investment in Denza electric vehicle joint venture with. Mercedes-Benz makers announced on Friday that BYD will own 90% of the business and Daimler will own 10% after the transfer of shares, which is expected to be completed in mid-2022. Similar car Hyundai Kona Electric cc | electricity | automatic ? 23.79 Lakhs*from The 50-50 joint venture started in March 2012. “Daimler and BYD continue to focus on the success of their...