BMW Brilliance Automotive Ltd and Mercedes-Benz Group China Ltd agreed to establish a joint venture in China to build a high-power charging network and premium charging services to Chinese customers.
The partnership should elevate customer public charging experience, according to a BMW press release.
The JV aims to establish a network of at least 1,000 high-power charging stations with about 7,000 high-power charging piles by the end of 2026. The first are projected to open in 2024 in top new-energy vehicle markets. There are also plans to install more stations across the country.
The network will be open to the public. However, BMW Group and Mercedes-Benz Group customers will have exclusive features, including plug-and-charge and online reservation.
The JV aims to source renewable electricity whenever possible to offer an eco-friendly charging experience, BMW said.
The deal is contingent upon regulatory authorities' approval.
Originally posted on Auto Dealer Today