Tianyancha shows that Shell (Shenzhen) New Energy Technology Co., Ltd. was recently established, with Liang Ruyi as the legal representative and a registered capital of 100 million yuan. Its business scope includes investment activities with its own funds, intelligent control system integration, operation of electric vehicle charging infrastructure, energy storage technology services, sales of charging piles, and retail of automotive spare parts.
The equity panoramic penetration map shows that the company is wholly owned by Shenzhen Shell BYD Electric Vehicle Investment Co., Ltd., which is held 80% and 20% by Shell (China) Co., Ltd. and BYD Auto Industry Co., Ltd. respectively.
In fact, Shell and BYD had previously announced an official cooperation. In March 2022, Shell and BYD signed a global strategic cooperation agreement, in which they will collaborate on charging terminals, home energy solutions, and jointly build electric vehicle service centers. The cooperation will start in the Chinese and European markets and plans to expand globally. At that time, Shell and BYD planned to establish a joint venture to develop an electric vehicle charging network in China; The joint venture is expected to operate over 10000 electric vehicle charging terminals in Shenzhen and plans to expand to other cities in China.