article: Original by Understanding Chedi Chang Siyue
[Original by Understanding Chedi Industry] Recently, Understanding Chedi learned from Tianyancha that on December 26, Shenzhen BYD Electric Vehicle Investment Co., Ltd. (hereinafter referred to as "BYD Investment"), a subsidiary of BYD Auto Industry Co., Ltd., underwent industrial and commercial changes. Shell (China) Co., Ltd. (hereinafter referred to as "Shell China") became the major shareholder of BYD Investment, with holding 80% of 's shares.
Image source: Tianyancha
Judging from the equity penetration, BYD Investment’s holding company is mainly involved in the charging business, so Shell China ’s investment in is most likely related to the cooperation between the two parties in the charging field.
Shell had previously signed a strategic cooperation with BYD
On March 24 this year, Shell and BYD signed a global strategic cooperation agreement . According to the plan, the two parties will first start cooperation in China and Europe, and plan to expand this cooperative relationship to the world.
According to the plan at the time, Shell and BYD planned to jointly establish a joint venture to develop electric vehicle charging network in China. The joint venture is expected to operate more than 10,000 electric vehicle charging terminals in Shenzhen, with plans to expand to other cities in China in the future.
Shell and ABB jointly launched the Terra 360 EV charging pile
In other words, the change in equity invested by BYD is most likely based on the extension of the previous goal of establishing a joint venture between the two parties.
Globally, the cooperation intention between BYD and Shell is also very clear:
- Shell and BYD will establish a partnership as a travel service provider (MSP) in Europe. Shell will provide membership services to BYD's personal and commercial customers in the future, covering more than 275,000 charging terminals on its charging roaming network. Shell and BYD will also work together to develop fleet solutions and dedicated charging services for BYD's customers in Europe.
- Both parties will seek opportunities to provide comprehensive home energy solutions to customers around the world, such as dynamic electricity price dispatching, photovoltaic integration, home energy storage equipment and vehicle-to-grid interactive (V2G) charging solutions.
- Both parties intend to jointly build Shell-BYD electric vehicle service centers in major European markets, providing customers with more opportunities to experience BYD's high-end design, advanced new energy vehicle technology, as well as smooth charging and digital services jointly developed by both parties to enhance user experience.
- Globally, Shell will study how to apply advanced technologies and products such as Shell E-Fluids and coolant to help BYD further save costs and improve hardware performance.
- Shell and BYD intend to carry out global R&D cooperation in the areas of battery performance and industry-leading charging.
BYD Han EV
Data shows that Shell has more than 46,000 gas stations in nearly 80 markets around the world. Shell plans to operate more than 500,000 electric vehicle charging terminals globally by 2025, including operating more than 30,000 Shell charging terminals in travel destinations such as Shell gas stations and supermarkets.
