Get On-Road Price Add to compare The 50-50 joint venture was started in March 2012. “Daimler and BYD remain dedicated to their successful long-term partnership," Daimler said in a statement. The Denza brand will introduce new models next year and “seek further growth opportunities." Tepid demand for Denza cars and the venture’s weak profitability have been a concern at Daimler for years, even as sales for its Mercedes luxury vehicles continued to surge in China. Daimler and BYD established the brand a decade ago to tap growth in the Chinese new-energy vehicle market. Daimler had folded the Smart minicar brand...