The European Commission has approved a joint venture between Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automotive Ltd., aiming to develop public charging infrastructure for electric vehicles in China.
BMW and Mercedes-Benz will establish a joint venture company in China to operate a supercharging network in the Chinese market.
Multiple industry insiders have revealed that Svolt has secured an order for nearly 90GWh of production capacity from BMW in Europe, while domestic orders for nearly 70GWh will be provided by CATL or EVE Energy.
On April 21st in Suzhou, China, rumors have it that a certain company has issued a notice requiring employees who drive BMW branded vehicles to sell them within one month and replace them with domestic cars.
MW MINI booth at Auto Shanghai refused to give Chinese visitors ice cream. BMW responded by saying that "this was a misunderstanding and that they are currently handling the matter. "
The 20th Shanghai International Automobile Industry Exhibition opened on April 18th. The exhibition showcased an impressive portfolio of EV models from Chinese firms, while many large multinational car companies were represented by their leaders who attended in person.
Oliver Zipse, Chairman of the Board of Management of German automaker BMW Group, recently said that the company will continue to unswervingly take root in China and establish a stable win-win relationship with Chinese partners.
The China Passenger Car Association estimated on October 24 that retail sales of passenger cars in China this month would be about 1.91 million units, up 11.4% year-on-year, among which the retail sales of new energy vehicles would be about 550,000 units.
European enterprises are increasing their investment in China one after another. In the field of automobile manufacturing, the increasing pace of foreign investment is more apparent.
BMW and Envision AESC, a battery tech firm under Envision Group, reached a long-term cooperation agreement. Under the deal, Envision AESC will provide its next generation of lithium-ion batteries for BMW's new vehicle models from 2026.
BMW will invest another 10 billion yuan ($1.38 billion) to expand its high-voltage battery production center in China's northeastern city of Shenyang, and that it will generally increase investment in battery projects in the country.
German auto company BMW Group said that the Oxford factory will suspend the production of electric vehicles, but will not stop the production of MINI models.
A financial report for Chinese battery giant CATL released on October 10 showed that its net profits for the third quarter of this year are expected to total between 8.8 billion and 9.8 billion yuan ($1.22 billion - $1.36 billion), up 169% to 199% year-on-year.
Niutron, an EV maker established by Li Yinan, the founder of Chinese electric scooter firm Niu Technologies, unveiled its first model called the Niutron NV. One blogger's comparison between the new model and Li Auto's L7 was questioned by Li Auto's founder.
NIO's second sedan ET5 officially started delivery in cities including Shanghai and Suzhou. Aiming at the pure electric, mid-sized luxury vehicle market, the ET5 will compete against products such as the Tesla Model 3 and BMW 3 Series.
On September 28, BYD launched three models for the European market, including Han, Tang and ATTO3 (known as Yuan PLUS in China). The prices for these three models, however, are much higher than those in China.
German automotive maker BMW Group will use cylindrical cells in its Neue Klasse models starting in 2025. To meet cell demand, it has awarded cell production contracts to two Chinese battery manufacturers, CATL and EVE Energy.
News emerged on August 17 that EVE Energy will provide large cylindrical batteries for BMW's electric vehicles in Europe. The battery maker responded that it had obtained BMW's designated letter before, and the production line is currently under construction.
BMW Brilliance Plant Lydia, a newly built factory for the company in China, was officially put into operation on Thursday.
Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) will start supplying cylindrical cells to BMW from 2025 to power its new series of electric vehicles.