Shell opens its largest charging station in China
- September 20, 2023
- Posted by: Quatro Strategies
- Categories: China, ESG & Renewable Energy, EVs & Battery Technology
Shell, the multinational energy company, has announced the opening of its largest electric vehicle (EV) charging station globally in Shenzhen, China. Situated near Shenzhen airport, this facility boasts a remarkable 258 charging points and is equipped with solar panels capable of generating 300,000 kilowatt-hours annually.
This station is a result of a collaboration between Shell and BYD, a major Chinese EV manufacturer. The joint venture signifies a strategic partnership aiming to contribute significantly to the burgeoning EV market in China.
Shell has been progressively increasing its involvement in the EV charging sector, reflecting the growing shift towards sustainable transportation.
In China, Shell already operates around 800 EV charging stations through joint ventures or wholly-owned subsidiaries. The opening of this massive charging station in Shenzhen further underscores the commitment of major industry players to meet the rising demand for EV infrastructure, promoting cleaner and greener modes of transportation.
This aligns with global efforts to combat climate change and reduce carbon emissions by encouraging the adoption of electric vehicles.
By QUATRO Strategies International Inc.
QUATRO Strategies International Inc. is the leading business insights and corporate strategy company based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions to establish a competitive edge in the marketplace.
Interested in learning more?
Sign up for Top Insights Today
Top Insights Today delivers the latest insights straight to your inbox.
You will get daily industry insights on
Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.
Read more insights
US Treasury unveils guidelines for clean energy manufacturing tax credits
The U.S. Treasury has unveiled proposed guidelines for manufacturers seeking a tax credit for producing clean-energy components such as solar panels and batteries, as part of President Joe Biden’s Inflation Reduction Act (IRA). The so-called 45X tax credit for advanced manufacturing aims…
Crude prices rally after recent declines on unexpected inventory surge, Fed rate decision
Oil prices bounced back on Thursday after a series of declines over three consecutive days, pushing them to their lowest levels since mid-March. Brent crude futures for July increased by 0.95% to reach $84.23 a barrel. Similarly, U.S. West Texas Intermediate (WTI) crude for June rose by 0.87%, reaching $79.69…
Sweden blocks 13 Baltic wind farms, citing security risks, turns to nuclear power
Sweden has blocked applications for 13 offshore wind farms in the Baltic Sea, citing defense concerns, while allowing one project to proceed on the west coast. Defense Minister Pal Jonson explained that wind farms in the Baltic would complicate the operation of Sweden’s Patriot missile batteries, potentially reducing…