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Shell Concludes Pact With Chinese BYD for Charging Points for Plug-In Cars

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Oil and gas group Shell will work closely with the Chinese technology company BYD, known for its electric cars and buses. Among other things, the two companies set up a joint venture in China to install charging points for plug-in cars in the metropolis of Shenzhen.

 

In addition, they have made agreements to develop new products together and to offer BYD customers access to charging points for electric cars.

BYD and Shell want to install more than 10,000 charging points in Shenzhen. In addition, the companies have agreed that BYD customers will have access to 275,000 Shell charging stations in Europe.

The two multinationals also want to put new systems for electricity at home on the market together. They are thinking of technology for batteries in the home, the further integration of solar panels or the return of electricity from a car battery to the power grid.

Shell points to the large market for electric cars in China. In 2021, Chinese dealers sold 3.5 million electric or hybrid cars, more than doubling from the previous year. That is why many more charging points will be needed, argues CEO for Shell’s Chinese division Jason Wong. Globally, the oil and gas company aims to have installed half a million charging points for electric cars by 2025.

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