Market Chatter: BYD's Luxury EV Brand Denza to Open Hong Kong Showroom in Q3

MT Newswires Live06-19

Denza, a luxury electric vehicle joint venture between BYD (HKG:1211) and Mercedes-Benz, is preparing to open its flagship store in Hong Kong, The Standard reported Tuesday.

According to landlord CSI Properties (HKG:0497), the showroom will occupy about 14,000 square feet on the ground floor of the Capital Centre in Wan Chai. The news outlet said the space is being rented for HK$1 million per month.

Harmony Auto (HKG:3836), Denza's distributor, signed the lease. The Hong Kong showroom will open in the third quarter of 2024, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $238.20, Change: $+4.60, Percent Change: +1.97%

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