Daimler-BYD Says Zhongsheng Among Dealers That May Sell Denza

Daimler AG (DAI) and Warren Buffett-backed BYD Co. (1211)’s venture, developing electric cars under the Denza brand, said Zhongsheng Group Holdings Ltd. (881) is among dealers that may offer the vehicle in China.

Shenzhen BYD Daimler New Technology Co. plans to announce its Denza dealers for Beijing, Shanghai and Shenzhen by the end of July, said Hu Xiaoqing, manager at the venture’s marketing department. Porda Havas International Finance Communications Group, representing Zhongsheng for media queries, declined to comment.

The Denza cars would add to the growing number of all-electric vehicles being introduced in China, the world’s biggest auto market. SAIC Motor Corp. (600104), China’s biggest automaker, has been offering the Roewe E50 electric car since November, and is planning other zero-emission vehicles with its foreign partners. BYD sells the e6 electric car under its own brand.

To contact Bloomberg News staff for this story: Jasmine Wang in Hong Kong at jwang513@bloomberg.net; Tian Ying in Beijing at ytian@bloomberg.net

To contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net; Anand Krishnamoorthy at anandk@bloomberg.net

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