New electric car will enter the market under the Denza brand – Daimler and BYD’s 50/50 joint company. The vehicle is designed only for Chinese market.

Denza 500 index is a transparent hint on car’s average range. The vehicle is equipped with 70 kWh battery pack, allowing 451 km (280 miles) of NEDC range, that may grow up to 635 km (395 miles) while driving with a constant speed of 60 km/h (37 mph).

Denza 500 sales should start in China in the nearest future. Prices starts from 299,800 CNY which is equal to $47,500. However, Chinese government incentives may reduce the price by 32,980 CNY or $5,200.