BYD announced that he had signed a strategic agreement with Shell to offer its customers new services related to recharging electric cars. Today, as we know, a car manufacturer cannot limit itself to offering only electric cars but must also offer customers an ecosystem of services related to charging. We have already seen several examples of this in Europe. To do this, however, high-profile partners such as Shell are required.
Going into the details, collaboration will see the two companies working together in Europe and China. According to reports, Shell will provide a subscription service that will allow BYD customers to access to a large network of 275,000 charging points. The two companies will work together to provide dedicated home energy solutions, which could include dedicated tariffs and the integration of solar panels and V2G support.
Both sides also intend to form one joint venture to develop electric vehicle charging networks across China. The joint venture is expected to operate a network of more than 10,000 charging points in Shenzhen, China, with plans to expand to more locations in the country. There will also be solutions dedicated to fleets.
Thanks to this agreement, BYD will be able to offer customers services for added value recharging also in Europe where the Chinese manufacturer is expanding its presence. Shell, on the other hand, will be able to expand its activities in the recharging market where it is increasingly present with various initiatives. By 2025, for example, it plans to manage over 500,000 charging points. With another Chinese manufacturer – NIO – Shell will work to create new charging points and to install battery swap stations in China and Europe.
It will therefore be very interesting to find out what the results of the collaboration between BYD and Shell will be. The two companies also intend to expand the partnership globally once operations in China and Europe are developed.