DEALS
Zhong Lun Assists IONCHI with Introducing SERES as New Investor
Zhong Lun Assists IONCHI with Introducing SERES as New Investor
Beijing IONCHI New Energy Technology Co., Ltd. (“IONCHI”), the joint venture between BMW and Mercedes-Benz on high-power charging services, announced on April 17, 2026 that SERES will join IONCHI as an equal shareholder. Through this shareholding investment, AITO, the premium brand of the SERES Group, will support the development of IONCHI’s premium charging infrastructure. With this addition, IONCHI continues to provide premium charging services through advanced technology and digital services to all eligible vehicles, while offering exclusive charging experiences to the customers of BMW, AITO and Mercedes-Benz. The expanded three-party partnership marks the beginning of a new chapter for the premium charging network, enabling further growth and broader customer reach. The transaction is subject to regulatory approval. Upon completion of the transaction, each of the three shareholders will hold a 33.3% stake in the joint venture.
Established in 2024, IONCHI aims to elevate China’s premium electric mobility experience through a state-of-the-art public high-power charging network. The network prioritizes prime locations in urban areas, combining ultra-fast, reliable charging with premium station operation and maintenance, customer service, and the use of 100% renewable energy, offering users a convenient, reliable, and sustainable premium charging experience.
As the legal counsel to IONCHI, Zhong Lun provided full-range services with IONCHI in this project, including due diligence support, drafting, review, and revision of transaction documents and signing support, and received high recognition by the parties; subsequently, Zhong Lun will continue to support in closing matters. The Zhong Lun team was led by partner Frank Jiang and non-equity partner Peter Zhong, with support from associates Ted Ma and Jingshuang Ma.
