Hubertus Troska, chairman of the Board of Directors of Shenzhen BYD Daimler New Technology Co Ltd, member of Board of Management of Daimler AG

While developing Denza, the team emphasized that the car should be safe, reliable and comfortable.

It should have the ability to run a long distance with a single charge as a worldwide leader in safety technology and quality excellence. The car we presented here combines the outstanding strengths from both worlds: BYD's leading battery technology and Daimler's renowned tradition and engineering expertise.

It's the safest Chinese electric vehicle with an intelligent concept - designed around a rock-solid, aluminum encased battery frame and based on 128 years of Daimler's safety experience.

We are very confident about Denza, because we have devoted a lot to it. It is competitive compared to counterparts in the most important electric vehicle market in the world.

Moreover, let me point out the local homologation that we passed in Beijing and, just this week, in Shanghai as well, offering two more convincing arguments for our customers: Exemption from standard license plate lottery in Beijing, and free license plates in Shanghai.

And subsidies totaling in about 115,000 yuan - to take Beijing as an example. No doubt: we are ready - and so are our retail and service partners! Starting September, three of China's leading automotive groups will distribute the DENZA in Beijing, Shanghai and Shenzhen - and more cities will follow.