Press Release

AVL and CCB Sign Memorandum of Understanding

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.
AVL_CCB_MoU_Signing_Copyright-AVL

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.

About AVL

AVL is a world-leading technology company specialising in development, simulation and testing in the automotive industry and other sectors such as rail, marine and energy. Through extensive research, AVL delivers concepts, technology solutions, methodologies and development tools for sustainable, safe and advanced mobility and beyond.

AVL supports international partners and customers in sustainable and digital transformation, with a focus on electrification, software, AI and automation. AVL also supports companies in energy-intensive sectors on their way to green and efficient energy generation and supply.

For more information: www.avl.com

 
AVL Racetech race engine
Press Release
410 Hp from 2-Liter Displacement – Prototype of the H₂-ICE Race Engine from AVL RACETECH Proves Itself on the Testbed
Hydrogen-powered, high-performance, two-liter turbo engine
E-Mobility Testing
Press Release
AVL and Henkel Join Forces in Battery Development for E-Cars
AVL delivers Simulation- and Test Systems for new Battery Test Center
avl logo
Press Release
AVL Modernizing Its Plymouth Campus to Meet Customers and Employees Needs
AVL North America is taking a step toward a more modern workplace by adopting a hybrid work environment to meet the needs of its growing customer base and team. As the first step in its workplace modernization
autonomous "AutBus"
Press Release
AVL Starts Trial Operation for Autonomous “AutBus” in Roding
Autonomous e-minibus to supplement regional public transport services