Seres takes a stake in IONCHI, the ultra-fast charging joint venture between BMW and Mercedes-Benz.

Qichacha APP shows that recently, Beijing Yianqi New Energy Technology Co., Ltd. underwent industrial and commercial registration changes. The shareholding ratios of BMW Brilliance Automotive Ltd. and Mercedes-Benz Investment Co., Ltd. decreased, Seres was added as a shareholder, and the registered capital increased to 150 million yuan. Public information shows that Yianqi is a new energy vehicle charging service provider.