ERGO eyes automotive and new mobility ecosystem
China’s automaker Great Wall Motors and ERGO have signed an auto mobility Joint Venture agreement to establish a provider of technology and data-driven insurance product and service solutions in the automotive and new mobility ecosystem. The JV will focus on the development and distribution of automotive insurance products and services as well as new mobility solutions via car dealerships and GWM affiliates in the Chinese market.
Launched in 2017, EMS (ERGO Mobility Solutions) was set up to focus on developing strategic cooperation with the automotive and mobility industry. EMS’ market entry into the world’s most important automobile market is in line with its strategy of building up a strong position in the three automotive anchor markets of China, Germany and the USA.
“GWM and ERGO each carries their own expertise and advantages in respective industries, GWM being the leading automotive manufacturer in China and ERGO being the leading insurance group in the global market. In-depth cooperation of insurance business between the two companies will open new doors to elevated services and integrated solutions to the market. And an integration of superior resources from both sides through technology and data science expertise will infuse the Joint Venture with full innovative energy.” – Founder and Chairman of Great Wall Motor Company, Jianjun Wei.
“With the Joint Venture agreed today, we are consistently continuing ERGO’s growth path. Together with our partner Great Wall Motors, we have set the common goal to establish a leading provider within the auto mobility ecosystem in terms of technology and data-driven product and service solutions. It underlines ERGO’s strategic ambition for being a leading partner of the Automotive industry and it demonstrates our strong position in one of our core growth markets. We look forward to working together on delivering pioneering solutions and benefit our partners and clients.” – Chairman of the Board of Management of ERGO Group AG, Dr. Markus Rieß.