Mercedes-Benz Exits Luxury EV Partnership With BYD As Chinese Automaker Takes Full Control
18 Sep 2024
Mercedes-Benz has officially exited its electric vehicle joint venture with BYD, the German luxury carmaker announced on Tuesday. The company has sold its remaining 10 percent stake, having previously reduced its holdings in the venture back in 2021. With this sale, BYD now has complete control over the joint venture,...
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