DENZA Brand of New battery Electric Vehicles by Daimler and BYD for China

Denza for electric vehicles in China and exclusively for the Chinese market. It is developed jointly by Daimler and BYD and its concept model will make its appearance at the 2012 Chinese Auto Show. We are talking of the new DENZA all electric vehicle that sports clean technology which has been the brain child of both Daimler and BYD.

The announcement was made at the EV-The Future event held in Shenzhen and is the latest milestone in the joint venture between the two companies. BYD Daimler New Technology Co. Ltd contract was signed in May 2010 and was granted China business licence in March 2011.

DENZA is a name and logo which denotes rising power and momentum. The logo of a single drop of water and two hands is designed to showcase the company commitment to advanced technology and saving the environment. Though the vehicle is planned for its first public appearance in April at the China Auto Show, its first production model is slated for 2013.

“The exciting new DENZA brand is a highly visible seal of approval for the leading-edge design, technology and personality of the new car which we are convinced will resonate with customers here in China,” stated Ulrich Walker, Chairman & CEO of Daimler Northeast Asia and Chairman of the Board of Directors of BDNT. “BYD and Daimler have been visionaries in the development of sustainable mobility and new technologies. We are at the forefront in China as the first company to form a joint venture for the development of a pure electric vehicle, and we’re continuing our pace forward with this landmark event today.”

“We’re very pleased with progress on the development of the new all-electric car, and the DENZA brand really brings it to life,” said Mr. Wang Chuanfu, Chairman and President of BYD and Member of the Board of Directors of BDNT. “We have the ideal partner in Daimler. BYD provides experience in battery technology and e-drive systems, as well as bringing EVs into operation on the streets of China. In connection with Daimler’s design of premium autos, know-how in electric vehicle architecture and safety, and more than 125 years of experience in automotive excellence, DENZA is on the right track to become the leader in the New Energy Vehicle market in China.”