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

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

 
Racetech Revenol
Press Release
Multi-Year Technical Partnership for Hydrogen Combustion Development
AVL RACETECH is pleased to announce that RAVENOL, a renowned manufacturer of high-performance lubricants and innovative oils, will join forces in a technical cooperation focused on advanced hydrogen combustion
AVL 75 Years
Press Release
AVL Leads in Patent Applications in Austria for the 14th Time in a Row
AVL has once again proven its innovation leadership: With 192 patent applications in 2024, the company has secured the top spot in the Austrian Patent Office's ranking for the 14th time in a row. This
Lukas Walter
Press Release
Lukas Walter Becomes New COO at AVL
Lukas Walter returns to AVL and takes over the position of Chief Operating Officer in the Engineering division.
AVL Digital Battery Passport
Press Release
AVL Digital Battery Passport: A milestone for the EU Battery Regulation
The AVL Digital Battery Passport goes above and beyond the requirements of the regulation and sets new industry standards.