BYD and Shell have signed a strategic cooperation agreement, which will see the two partner up on ventures in both China and Europe.
BYD and Shell to Carry out R&D Cooperation Worldwide
BYD and Shell have signed a strategic cooperation agreement to help accelerate the energy transition and improve charging experience for BYD’s battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) customers, enlarging customer value. The partnership will start in China and Europe and will extend to other regions across the globe.
Under the agreement, Shell will collaborate with NIO on integrating the Shell Recharge Mobility Service Provider (MSP) in Europe, offering its membership services to the latter’s private and business users, and providing customers with access to its roaming EV charging network that covers over 275,000 charging points.
The duo will explore opportunities to build BYD–Shell EV hubs in key European markets, providing customers with the experience of BYD premium designs and advanced new energy vehicle technologies, as well as seamless charging and digital services jointly developed by both parties for greater user experience. They will also jointly develop car fleet solutions and EV charging service dedicated to BYD’s customers in Europe.
Moreover, the two companies intend to carry out R&D cooperation worldwide in the fields like battery performance and EV charging.
Both parties also intend to form a joint venture to develop EV charging networks across China. The joint venture is expected to operate a network of more than 10,000 charging points in Shenzhen, China, with a plan to expand to more locations in China.
