Shell and BYD to Cooperate with Electric Vehicle Charging
Global energy and petrochemical company Shell and Chinese electric vehicle maker BYD signed a global strategic cooperation agreement on Wednesday to jointly enhance the charging experience for BYD’s pure electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) customers. The two companies will begin their partnership in China and Europe and then expand globally.
In particular, Shell will provide BYD customers with membership services covering more than 275,000 charging terminals on its network while both companies intend to jointly establish EV service centers in key European markets. The companies will work together to develop fleet solutions and exclusive charging services for BYD’s customers in Europe.
BYD and Shell will also seek opportunities to provide integrated home energy solutions such as dynamic tariff scheduling, solar integration, home batteries, and Vehicle-to-Grid (V2G) charging for global customers.
The duo will also be in the position to recommend to customers to participate in Shell’s decarburization plan and help corporate fleets in various European markets achieve zero emissions. On a global scale, Shell will study how to apply its technologies and products, such as E-Fluids and coolants, to help BYD further save costs and improve hardware performance.
In addition to this, BYD and Shell plan to set up a joint venture to develop an electric vehicle charging network within China. The joint venture is expected to operate more than 10,000 EV charging terminals in Shenzhen, with plans to expand to other cities in China in the future.
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“China is taking a leading role in the manufacture and use of electric vehicles in the world. According to the China Association of Automotive Manufacturers (CAAM), in 2021, the country had sold more than 3.5 million electric vehicles and plug-in hybrids models, an increase of about 1.6 times year-on-year. China needs to build more charging stations in order to meet the needs of users. We are also looking forward to working with more partners to promote a complete energy transformation,” Huang Zhichang, chairman of Shell China, said.
