On July 30, 2020, AVL and China Construction Bank (CCB) signed a Memorandum of Understanding (MoU) via video conference to acknowledge and further strengthen the existing successful relations between AVL and China.
Due to the current situation, the signing ceremony was held via video conference and attended by Helmut List, CEO AVL, and Liu Guiping, President of China Construction Bank. The Memorandum of Understanding was signed on behalf of both parties by Yorck Schmidt, AVL Chief Financial Officer, and Ji Zhihong, Executive Vice President of China Construction Bank. This Memorandum of Understanding will further strengthen AVL's commitment to the Chinese market and its successful relations with China.
AVL has been active in the Chinese market since the mid 1970s and today has 10 branches and Tech Centers in China, including Beijing, Shanghai and Tianjin.
About CCB
Since its founding in 1954, China Construction Bank has developed into a major international commercial banking group. As of March 31, 2020, China Construction Bank recorded total assets of RMB 27.1 trillion and a net profit of RMB 80.98 billion. China Construction Bank ranks second among global banks by both total assets and Tier 1 capital. With nearly 15,000 bank branches in and outside China, China Construction Bank has more than 200 branches overseas, spread across 30 countries and regions.
With more than 12,200 employees, AVL is one of the world's leading mobility technology companies for development, simulation and testing in the automotive industry and in other sectors such as rail, shipping and energy. Based on extensive in-house research activities, AVL delivers concepts, technology solutions, methodologies and development tools for a greener, safer and better world of mobility and beyond.
AVL supports international partners and customers in sustainable and digital transformation. The focus here is on the areas of electrification, software, AI and automation. AVL also supports companies in energy-intensive sectors on their way to green and efficient energy generation and supply.
AVL's passion is innovation. Together with an international network of experts spanning 90 locations with more than 50 competence and development centers worldwide, AVL is driving the future of mobility. In 2024, the company generated a turnover of 2.03 billion euros, of which 11% was invested in R&D activities.
For more information: www.avl.com
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