The latest speculation in the automotive world is BYD approaching Daimler AG to buy the Maybach brand. BYD is one of the smaller Chinese automotive companies that focus in battery-operated electric vehicles. BYD already had teamed up with Daimler to develop electric vehicles for the Chinese market.
Interesting facts about BYD are that, Warrren Buffet has a 10% stake in the company and it was originally a Li-ion battery manufacturer for Nokia and Motorola.
Spokespeople from both the companies have clearly denied the rumors and have passed it off as market speculation.
The truth remains to be seen. But with a poor sale of around 200 Maybachs last year and Daimler working vehemently to lose its extra fat, such a rumor might not stay a rumor for long.
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January 25, 2022 at 8:52 AM
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