The European Commission has actually provided its approval to a joint endeavor in between Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automotive Ltd., based on the EU Merger Regulation. The main focus of this joint endeavor is the advancement of public charging facilities for electrical automobiles in China.
Regardless of the deal’s prospective ramifications, the European Commission concluded that it would not position competitive concerns due to its restricted effect on the European Economic Area. As an outcome, the deal went through a streamlined merger evaluation treatment.
In 2015, on November 30, BMW Brilliance Automotive Ltd. and Mercedes-Benz (China) Investment Co., Ltd. signed a cooperative contract. This arrangement intends to develop a 50:50 joint endeavor in China, accountable for running a supercharging network to satisfy the increasing need for high-end charging services.
By the end of 2026, the joint endeavor intends to build a minimum of 1,000 turbo charging stations geared up with sophisticated innovation and roughly 7,000 turbo charging stacks throughout China. Operations are set to begin in 2024 in essential Chinese cities understood for their brand-new energy car efforts, with subsequent advancements prepared for other areas across the country.
The charging network established by the joint endeavor will be openly available. Clients of both the BMW Group and Mercedes-Benz Group will be provided special services such as instant charging upon plugging in, online bookings, and a smooth digital charging experience. In addition, the joint endeavor strategies to source renewable resource for charging, conditions allowing, to make sure a sustainable and elegant charging experience for their Chinese clients.
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