German automobile manufacturers BMW and Volkswagen have recently strengthened cooperation with their Chinese partners, increased their investment in the Chinese market, especially made efforts to expand China's new energy market, and innovated the cooperation model for the development of The German-Chinese new energy automobile industry.


BMW signed a cooperation agreement with State Grid Electric Vehicle Service Co On Thursday. According to BMW, the strategic cooperation will cover research and innovation of charging technology, cooperation and promotion of charging service products, and promotion of "new energy for vehicles".


BMW said on the same day that the cooperation with enterprises in the field of charging services in China marks the continued advancement of BMW's localization strategy in China's electric field. At the same time, BMW is the first international automobile brand to start strategic cooperation with State Grid Electric Vehicle Company. The cooperation in the field of technology will promote the innovation of charging technology and jointly promote the development of China's new energy market, ev ecology and digital services.


Quan Shengming, chairman of State Grid Electric Vehicle Service Co LTD, told media Wednesday that the two sides will strive to complement each other's advantages and jointly contribute to the development of China's new energy vehicle industry.


In addition, Volkswagen announced at the end of May that it plans to invest 1 billion euros to acquire a 50% stake in Anhui JIANghuai Automobile Group Holding Co., the parent company of Anhui Jianghuai Automobile Group Co., and increase its stake in the electric vehicle joint venture to 75%.


Herbbets Deese, CEO of Volkswagen Group, said that no one in Germany can imagine the impact of coVID-19 on the group's business without the strong support of the Chinese market.

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Sihan Feng, CEO of Volkswagen Group China, said vw largely meets its global supply needs through its suppliers in China. According to him, Volkswagen will continue to vigorously develop the new energy vehicle market segment in China this year and promote the construction of new energy vehicle charging infrastructure.


Feng said: "For the next few years, we are full of confidence, China's new energy vehicle market will experience a prosperous period of development."


An Jin, chairman of Anhui Jianghuai Automobile Group Holding Co., said that China's electric vehicles are at the forefront of r&d and application, and the two sides will work together to vigorously promote the development of the electric vehicle market and bring more green and environment-friendly electric vehicle products to global consumers.


Cui Dongshu, secretary general of China Passenger Car Market Information Association, believes that Volkswagen's investment shows its firm confidence in the development of new energy vehicles, and also reflects the huge potential of China's new energy vehicle market.


Ferdinand Dudenhoeffer, director of the Automotive Research Center at the University of Duisburg-Essen in Germany, told Xinhua that China has the largest auto market and still has great growth potential. For German companies, consolidating their market position in China is crucial. German companies need China to develop electric vehicles, and cooperation between The German and Chinese auto industries is beneficial to both sides.