EU clears Seres Group to join Mercedes-Benz and BMW in Ionchi joint venture

The European Commission approved the acquisition of joint control of Beijing IONCHI New Energy Technology (Ionchi) by Mercedes-Benz China, BMW Brilliance Automotive and Seres Group, with each holding a 33.3% stake. Seres joins the venture previously controlled by Mercedes-Benz and BMW.

“The European Commission has approved the acquisition of joint control of Beijing IONCHI New Energy Technology, known as Ionchi, by Mercedes-Benz China, BMW Brilliance Automotive and Seres Group.”intradefairs.com

• 1 source
• intradefairs.comEU Clears Joint Control of Ionchi by Mercedes-Benz, BMW and Seres | InTradeFairsAug 24, 2026

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