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Study says Chinese Mercedes-Benz owners are likely wealthy entrepreneurs

Ryan Joseph Ramos November 30, 2014

It may not sound like much of a surprise, but according to a brand study, Mercedes-Benz owners in China belong mostly to a class of wealthy entrepreneurs, and are in fact among the wealthiest in the nation. Those were the findings in a study conducted on the eight major luxury automakers in the biggest automotive market in the world, via a report by The Detroit News. Successful and wealthy entrepreneurs comprise the crop of Mercedes-Benz owners, and these same owners have the highest household assets among the groups of luxury car owners, pegged at 11.3 million yuan. The study, conducted by Hurun Research Institute that is based in Shanghai, also associated certain… Continue Reading »

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Daimler has high hopes for Denza EV in China

Ryan Joseph Ramos August 26, 2014

It’s been a few months since Daimler held the world premiere of its Denza electric vehicle, the highly anticipated product of its joint venture with Chinese company BYD. With the vehicle expected to go on sale next month, Daimler’s China executive has reaffirmed the great expectations heaped upon this collaboration, going so far as to say that it is “the best Chinese electric vehicle.” In an interview with the Wall Street Journal, Daimler AG board member responsible for Greater China, Hubertus Troska, reiterated that the company has high hopes for the Denza EV. Daimler is banking on the quality and marketability of this new car to spark EV sales further, and with higher volume… Continue Reading »

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Daimler-BYD’s DENZA EV officially unveiled at Auto China 2014

Ryan Joseph Ramos April 21, 2014

The highly anticipated product of the Daimler-BYD joint venture finally got its world premiere. At the Auto China 2014 event, BYD Daimler New Technology showcased the production model of its pet project, an electric vehicle developed specifically for the Chinese market. BDNT expects the first unit of the DENZA automobile to be available by September 2014. The car is priced at RMB369,000, or around $59,250. Of course, BDNT aims to make the deal more enticing for those on the fence by throwing in considerable subsidies that reach a total of nearly RMB120,000, which is going to be shaved off the price of the vehicle straight away. BDNT, established in 2010,… Continue Reading »

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ABB to supply fast chargers for Daimler’s DENZA EV

Ryan Joseph Ramos February 16, 2014
Denza EV

Daimler has just tapped Zurich-based multinational corporation ABB to supply fast chargers for the DENZA electric vehicle, which is set to be released in China under Shenzhen BYD Daimler New Technology, or BDNT for short, the Daimler and BYD joint venture. The fast chargers can be purchased through official DENZA dealerships and are designed to, well, reduce the time it takes to juice up the EV. In addition, people can utilize standard wall sockets in order to charge the DENZA car. This way, owners get optimal flexibility and total convenience. Another thing that adds to the convenience of the ABB fast chargers is the implementation of a mobile app. This app… Continue Reading »

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Daimler and BYD’s DENZA on Track for 2014 Intro

Ryan Joseph Ramos November 22, 2013

By now, you might have heard of something called DENZA, which is the battery-running electric vehicle that is a product of the joint venture between Daimler and Chinese automaker BYD. According to Daimler, DENZA should be on schedule for its 2014 market introduction, which was the tentative timetable announced before, set to coincide with the Auto China trade fair. Apart from debuting at the Beijing automotive event, the first dealership featuring DENZA will also be in the Chinese capital city. The first store for this bold joint venture is set to open sometime around the middle of 2014, and there are also additional dealerships to be set up at the… Continue Reading »

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Daimler, BYD Expand Partnership

Ryan Joseph Ramos March 4, 2013

Daimler, parent company of Mercedes-Benz, and Chinese car and battery maker BYD Co. have agreed to expand their electric vehicle partnership by each investing an additional sum of around $69 million dollars in the Shenzhen BYD Daimler New Energy Technology Co., the two companies’ 2011 joint venture that makes EVs under the Denza brand. The investment is intended to aggressively come up with clean-energy automobiles, and this should jumpstart the joint venture’s efforts to bring finalized products to market at the soonest possible time. This is in line with BYD’s targets of 6,000 cars and 2,000 buses —  all of the electric variety —  in 2013. These numbers are a step up… Continue Reading »

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Daimler’s New Brand Called Denza Presented in Beijing

Clarissa April 23, 2012

DENZA, the new brand under Daimler family presented the public their all-electric car in Beijing at the Auto China event. This vehicle powered by batteries are now part of the Chinese New Energy Vehicle or NEV segment. “Even before the birth of DENZA, Shenzhen BYD Daimler New Technology Co., Ltd. (BDNT) has created a very special ‘first’: When Daimler and BYD made their partnership official in the spring of 2010, they founded the first joint venture in China dedicated solely to New Energy Vehicle. The Joint Venture is making extremely positive progress with the first prototypes of the future production model already out on the streets,” said Ulrich Walker, BDNT… Continue Reading »

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