The China Charging Alliance reports rapid growth in the number of charging piles. As of November 2023, the number of public charging piles increased by 101,000 from October, a 51.7% year-on-year rise. By the end of November 2023, members reported a total of 2.626 million public charging piles. China’s charging facilities now lead the way. They have solved the issue of availability. However, availability does not equal usability. For example, electric vehicles from different brands and models charge at varying speeds at supercharging stations. Even at the same station, factors like battery management systems and charging interfaces affect charging speeds. This inconsistency inconveniences users. They struggle to estimate charging times accurately, which can disrupt travel plans. Some models may not achieve expected speeds at high-power supercharging stations, leading to longer charging times. Long-term high-load operation of equipment can cause failures. Issues like damaged charging modules, communication failures, and malfunctioning displays occur frequently. Equipment failures disrupt charging or prevent normal charging. This affects user experience. Operators must invest significant manpower and resources for repairs and maintenance. Service fees are high. The combined cost of electricity and service can reach 1.6 yuan (0$) per kilowatt-hour or more. Mercedes-Benz and BMW recognized this situation. They signed a cooperation agreement in November 2023. In March 2024, they established Beijing Yianqi New Energy Technology Co., Ltd. with a 50:50 joint venture. By October 2024, the first supercharging station will begin operations. For German companies, speed is essential. Previously, Mercedes-Benz and BMW set up two joint ventures for energy storage abroad. China serves as the third site, benefiting from earlier experiences. They have made progress in internal communication and adapting to local policies. Unlike independently built supercharging stations abroad, Yianqi targets mature commercial complexes, central business districts, and major urban roads. The app and mini-program help customers find charging stations easily, integrating their charging journey with urban work and life. Currently, Yianqi’s charging price is 2 yuan (0$) per kilowatt-hour. It is not cheap, but the price reflects service and quality.
The industry-leading 600kW rated power delivers a maximum current of 800A. It also enables smart power distribution during battery charging.
The Yian Qichao gun weighs only 3.15 kg. Its height reaches 1100 mm. This design enhances user convenience.
The Yian Qichao charging station fits various brands and models of electric cars.
BMW and Mercedes users can connect to the IONCHI supercharging network seamlessly through the app. They enjoy features like plug-and-charge and reservation options. The Yianqi software system supports OTA updates. Yianqi has made a good start. However, it still lags behind domestic new energy brands in market presence and user base. The number of electric vehicle owners from Mercedes and BMW poses a significant challenge. In the future, Yianqi will primarily attract users from domestic electric vehicle brands. The competitive landscape in China’s new energy vehicle sector is clear to Mercedes and BMW as shareholders. They know that promotional activities will begin soon. Targeting core business districts is a strategy well-suited for China, allowing a select few to experience convenience first.