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Denza May Become BYD's Luxury Brand With Daimler Practically Exiting the JV

You can tell the same story in multiple ways. Western media reported that Daimler restructured its stake in Denza, a joint venture with BYD. The Chinese websites went straight to the point: Daimler practically left the company, retaining only 10% of its shares. Both missed what may be behind the move: BYD’s new luxury brand.
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Chinese Automaker BYD Forms Joint Venture with Momenta to Develop Autonomous Driving Technology for its Models in China

Chinese automaker BYD and self-driving technology startup Momenta have established a new joint venture to deploy autonomous driving technology across BYD car model lines. The new company, named DiPi Intelligent Mobility Co., combines BYDs capabilities and the ability to manufacture vehicles at scale with Momentas experience in autonomous driving.
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NIO Would Be Partnering With BYD to Create Affordable Brand

One of the biggest blows from NIO Day 2021 was that the Chinese carmaker did not announce its affordable brand. In William Li’s words, it will be to NIO what Toyota is to Lexus. Perhaps the announcement didn’t happen because there are still discussions around the new brand. According to 36kr, it will have a crucial partner: BYD.
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