European automaker Daimler, owner of the Mercedes-Benz, Maybach and Smart car brands, has joined the ranks of such industry heavyweights as Volkswagen and GM in partnering with Chinese automaker BYD to manufacture a new EV brand. The new brand, Denza, will be the first fully-electric vehicle produced under the partnership agreement signed by the two companies in 2010. The new car, rumors of which leaked last fall, is expected to be unveiled at this year’s Beijing auto show next month and will be launched commercially in 2013.

Source: Shanghai Daily and China Car Times reports

Read more: The Denza brand's website

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