Feb 06, 2024 08:51 PM

BUSINESS

China Approves Mercedes and BMW Charging Network Venture

By Wang Xintong

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What’s new: China’s market regulator has approved a joint venture between subsidiaries of German automakers Mercedes-Benz Group AG and BMW AG that will work on building a rapid charging network in the world’s largest electric vehicle (EV) market.

The joint venture will be set up by Mercedes-Benz Group China Ltd. and BMW Brilliance Automotive Ltd., according to a statement published Sunday by the State Administration for Market Regulation.

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