Overview

• German luxury carmakers BMW and Mercedes-Benz have announced a joint venture to operate a high-power charging network in China, aiming to install at least 1,000 charging stations with about 7,000 charging piles by the end of 2026.
• The first batch of stations is expected to open in 2024 in regions with higher EV adoption rates, and more stations will be built nationwide soon.
• The venture will procure electricity generated from renewable sources where conditions allow, and the charging network will be open to the public.
• Customers of both German carmakers will enjoy more exclusive features, such as plug & charge and online reservation for a seamless digital experience.
• The joint venture is subject to regulatory approvals.