Mercedes-Benz and Bayerische Motoren Werke AG (BMW) have come together to build a charging network for electric vehicles in China. The German luxury car manufacturers said they are aiming to put up at least 1,000 high-power EV charging stations in the country by the end of 2026.
Mercedes-Benz and BMW added that the charging stations will have about 7,000 charging piles, and the first batch of hubs are already coming next year in some regions. From there, the partners will open more until the charging hubs become available nationwide. The companies’ joint venture promised to provide fast, convenient, and reliable charging solutions to owners of EVs.
Positioning in China’s Fast-Growing EV Charging Market
The car makers revealed they are jointly building the charging stations in China as they would like to secure their position early in the country’s EV charging industry. With this plan, the companies are more likely to harvest the rewards as the charging business is starting to take off in the region and is predicted to become a bigger market in the future.
According to the South China Morning Post, Mercedes-Benz and BMW’s JV will provide Chinese owners of EVs with premium charging services through the high-power charging network that they are planning to establish.
“Both BMW and Mercedes-Benz will apply the expertise gained from global and Chinese charging operations, as well as the in-depth understanding of the Chinese new energy vehicle (NEV) market, to deliver fast, convenient, reliable, and tailor-made charging solutions for the Chinese market,” the automakers jointly said in a statement.
Sustainable Eco-Friendly EV Charging Hubs
China Daily reported that wherever possible, Mercedes-Benz and BMW will source the electricity needed for the EV chargers from renewable sources. This effort to go “green” comes as more Chinese locals opt for electric cars, meaning more energy consumption.
Photo by: Victor Sutty/Unsplash


Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand
Shell M&A Chief Exits After BP Takeover Proposal Rejected
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking.
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation
Robinhood Expands Sports Event Contracts With Player Performance Wagers
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
Trump Signs Executive Order to Establish National AI Regulation Standard 



