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Seres to join BMW, Mercedes-Benz as equal shareholder of China JV

Published by Global Banking & Finance Review

Posted on April 17, 2026

1 min read

· Last updated: April 17, 2026

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Seres to join BMW, Mercedes-Benz as equal shareholder of China JV
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BEIJING, April 17 (Reuters) - Automaker Seres said on Friday that it will join the fast-charging Chinese joint venture between BMW and Mercedes-Benz as an equal shareholder. Seres' electric vehicle

Seres Joins BMW, Mercedes-Benz in China JV to Boost EV Charging Network

Seres Partners with BMW and Mercedes-Benz in China EV Charging Joint Venture

Seres Becomes Equal Shareholder in IONCHI

BEIJING, April 17 (Reuters) - Automaker Seres said on Friday that it will join the fast-charging Chinese joint venture between BMW and Mercedes-Benz as an equal shareholder.

Aito Brand to Support Charging Infrastructure

Seres' electric vehicle brand Aito will support development of the China JV IONCHI's charging infrastructure, according to a statement.

Reporting and Editorial Credits

(Reporting by Beijing newsroom; Editing by Himani Sarkar)

Key Takeaways

  • Seres joins BMW and Mercedes‑Benz in IONCHI as an equal, 1/3 owner, enhancing IONCHI’s investment and strategic positioning in China’s EV charging market
  • IONCHI, originally a 50:50 JV between BMW Brilliance and Mercedes‑Benz China, aims to deploy around 1,000 ultra‑fast charging stations (7,000 charging points) across 100 Chinese cities by end‑2026, with up to 600 kW power output (epaper.chinadaily.com.cn)
  • Seres’ Aito brand, strengthened by its acquisition of AITO trademarks and global expansion efforts (e.g., exports to UAE, strong NEV sales, Hong Kong listing), brings EV market experience and brand momentum to support IONCHI’s growth (finance.yahoo.com)

References

Frequently Asked Questions

What did Seres announce regarding the China joint venture?
Seres announced it will join the BMW and Mercedes-Benz Chinese joint venture as an equal shareholder.
What is the focus of the China joint venture between Seres, BMW, and Mercedes-Benz?
The joint venture focuses on developing fast-charging infrastructure for electric vehicles in China.
Which Seres brand will support the joint venture's charging infrastructure?
Seres' electric vehicle brand Aito will support development of the JV IONCHI's charging infrastructure.
Where was the announcement about Seres joining the JV made?
The announcement was made in Beijing, China.

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