Mercedes: creation of an electric network with BMW in China
(CercleFinance.com) - BMW and Mercedes-Benz to jointly install a high-power charging network in China
The two groups have signed an agreement to create a 50/50 joint venture in China to operate a high-power charging network and provide Chinese customers with premium charging services.
The joint venture aims to establish a network of at least 1,000 high-power charging stations with around 7,000 high-power charging points by the end of 2026. The first stations are expected to open by 2024 in the main regions, with further stations to be installed throughout the country.
The joint venture intends to source electricity from renewable sources, where conditions permit.
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