this post was submitted on 11 Sep 2025
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[โ€“] vane@lemmy.world 30 points 4 days ago* (last edited 4 days ago) (1 children)

European auto-makers founded those companies with their billions. Now they will be eaten by them.

In 2010, BYD Auto Industry Co., Ltd. and Daimler AG, now known as Mercedes-Benz Group AG, formed a 50-50 joint venture named Shenzhen BYD Daimler New Technology with a brand named Denza to focus on research and development of new energy vehicles. The brand showcased a concept car called the Denza EV at Auto China in April 2012.[54] Denza was later restructured in 2021, when BYD took control of the brand by taking a 90% stake in the venture.[53] Mercedes-Benz withdrew entirely from the joint venture in September 2024.
https://en.wikipedia.org/wiki/BYD_Auto

This is only one example from Wikipedia but there are plenty old articles how BMW, Volkswagen, Mercedes and other European automakers were pouring billions into China and giving away R&D for free.

[โ€“] Patch@feddit.uk 2 points 4 days ago

Having thoroughly learnt their lesson, Mercedes now partners with Geely Autos instead, under the Smart marque. Although I think at this point the flow of knowledge and R&D might be the other way around.