According to the EU-China Chamber of Commerce, according to the European Commission website, on August 13, the European Commission announced that it officially approved Mercedes-Benz China Group, BMW Brilliance, and Cyrus Group to jointly hold Beijing Yianqi New Energy Technology Co., Ltd. in accordance with EU mergers and acquisitions regulations. In April of this year, Yianqi, an overcharging company jointly established by BMW and Mercedes-Benz in China, announced an equity expansion: Cyrus Group became a new investor through equal shareholding, and its brands officially joined Quanjie. After the transaction was completed, BMW, Mercedes-Benz, and Cyrus each held 33.3% of the shares to jointly promote the construction and operation of the domestic overcharging network.

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