Mercedes-Benz and BMW joint venture set up a technology company in Hunan, including AI software development business

The Mercedes-Benz BMW joint venture established Yianqi New Energy Technology Co., Ltd. in Hunan, which mainly engages in emerging energy technology research and development, charging pile sales, artificial intelligence application software development, etc. The company's registered capital is RMB 3 million and is wholly owned by Beijing Yianqi New Energy Technology Co., Ltd.