# 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.

- Type: Acquisition
- Announced: 2026-08-24
- Where: China, China
- Status: completed
- Products: high-power public charging infrastructure, EV charging service networks
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [SERES](https://endata.com/companies/14676.md) (acquirer)
- [Mercedes-Benz China](https://endata.com/companies/31659.md) (acquirer)
- [BMW Brilliance Automotive](https://endata.com/companies/32180.md) (acquirer)
- [Beijing IONCHI New Energy Technology](https://endata.com/companies/93809.md) (target)

## Sources

- [intradefairs.com](https://intradefairs.com/news/eu-clears-joint-control-ionchi-mercedes-benz-bmw-and-seres), 2026-08-24: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.