AVL and CCB Sign Memorandum of Understanding
- EN,
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.
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, marine, 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 their sustainable and digital transformation. The focus lies on the areas of electrification, software, AI and automation. In addition, AVL supports companies in energy-intensive sectors on their way to a greener and more efficient energy generation and supply.
Innovation is AVL's passion. Together with an international network of experts at more than 90 locations and 45 Tech and Engineering Centers worldwide, AVL is driving the future of mobility. In 2023, the company generated a turnover of 2.05 billion Euros, of which 10 % are invested in R&D activities.
For more information: www.avl.com
Dynamic Steering Force Emulator
AVL and Jaguar Land Rover join forces to deliver zero-tailpipe emissions for premium fuel cell prototype based on the new Land Rover Defender.
- EN,
Joint solution offers a comprehensive approach to address the biggest challenges in ADAS/ADS validation, namely achieving the test coverage and executing test cases as efficiently as possible. AVL and
Given their complementary skills, the partnership between AVL and Batemo helps consolidate battery modelling competence in the industry. Now, customers can be guided in design, function and system development
Stay up-to-date as a journalist with our latest press releases concerning company updates, research projects, our latest developments, and more.
Download our fact sheet to get a comprehensive overview about what we do as well as our latest company figures.
Get in touch with our Press-Team
For all press and media enquires please email: