AITO joins BMW, Mercedes-Benz charging JV in China as equal partner

SERES Group’s Huawei-powered AITO brand is joining IONCHI, the premium charging joint venture between BMW and Mercedes-Benz in China, as an equal 33.3% shareholder. The deal restructures what was a 50:50 German partnership into a three-way collaboration with one of China’s fastest-growing luxury EV brands. The move signals a significant shift in China’s EV charging landscape, where German and Chinese automakers are now directly collaborating on premium infrastructure rather than competing on...