[Cable Network News] Recently, Brilliance BMW Automobile Co., Ltd. and Mercedes-Benz (China) Investment Co., Ltd. announced a joint venture plan. According to the cooperation agreement signed by both parties, BMW and Mercedes-Benz will establish a joint venture company in China with a 50:50 share ratio to jointly build and operate an electric vehicle supercharging network, meeting the growing demand for luxury charging services in the Chinese market.

With the continuous support and promotion of the electric vehicle industry by the Chinese government, the electric vehicle market in China is growing rapidly. More and more consumers are turning to electric vehicles, and the demand for electric vehicle charging networks is also increasing. The goal of this cooperation between BMW and Mercedes-Benz is precisely to meet the high demand for luxury charging services in the Chinese market.

The supercharging network will provide luxury car users with more convenient and efficient charging services. According to the plan, the supercharging network will cover major cities, highways, and important tourist attractions in China, forming a comprehensive charging network. This network will adopt the most advanced charging technology, providing high-speed charging and reliability guarantees to meet the high standards of luxury car users for charging facilities.

The cooperation between the two companies will fully leverage their respective experiences and advantages in the field of electric vehicles. BMW, as a leader in the electric vehicle field, possesses advanced electric technology and charging solutions. Mercedes-Benz, as an important brand in the global luxury car field, has a rich brand influence and market share. The joint efforts of the two companies will accelerate the development of China's electric vehicle market and provide advanced, high-quality charging services.

This cooperation is of positive significance for the further development of China's electric vehicle market. The construction of the supercharging network will greatly enhance the convenience and user experience of luxury electric vehicles, further promoting the growth of electric vehicle sales. At the same time, more complete and reliable charging facilities will also provide more consumers with the motivation to purchase electric vehicles, contributing to environmental protection and sustainable transportation.