Shenzhen BYD Daimler New Technology Co., Ltd., trading as Denza, is an automobile manufacturing company headquartered in Shenzhen, China, specializing in luxury electric cars and an equally owned joint venture between BYD and the Mercedes-Benz Group. Founded in May 2010, in late 2014 the company produced a single model with an all-electric range of up to 300 km (190 mi). The car was initially put on sale in selected Chinese cities only. In December 2021 it was announced that Daimler will reduce its share to 10 % and BYD will hold 90%.