Shell Archives - Gizmochina

Shell to Acquire Volta EV Charging Network for $169 Million

Sean — Fri, 20 Jan 2023 13:12:35 +0000

Shell is set to making a new acquisition as it expands its presence in the electric vehicle market in the US. The company is buying out Volta, which is an electric vehicle charging station for around 169 million US Dollars. So here are all the details.

The gasoline giant is aiming on closing this major deal sometime within the first half of this year. For those unaware, Volta isn’t the first of its kind deal, rather, it is the second US EV charging starting that the company has acquired. Its last acquisition of a similar firm was Greenlots, which was purchased by Royal Dutch Shell back in 2019. As of right now, Volta operates over 3,000 destination charging stations across 31 states and even has chargers in Europe.

As per official notes, the company is also planning to install another 3,400 EV charging stations. Although, the timeline for this step is currently unknown. Back in 2022, Volta was ranked second in terms of customer satisfaction for Level 2 chargers, being second only to Tesla. In other words, this acquisition will clearly help position Shell in the overall EV market. Volta also operates stations in high traffic retail parking lots as well and provides free electricity for EV owners.

So, its main source of revenue is its ad displays that are used by advertising clients. Interestingly enough, the latest purchase from Shell is also quite notable since it isn’t common for oil and gas companies to acquire EV charging networks. But now, the acquisition of Volta along with Greenlots will have Shell own a total of more than 57,000 charging stations. These stations will also be renamed as Shell Recharge Solutions.

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You could soon pick up Xiaomi lifestyle products from the nearest Shell fuel station

Zohaib Ahmed — Tue, 08 Feb 2022 08:01:30 +0000

Xiaomi India on Tuesday announced a new partnership with Shell India with the goal of making its lifestyle products more accessible to consumers. The partnership kickstarts in Bangalore where five Shell fuel stations have been selected to sell a range of Xiaomi accessories and lifestyle goods.

Some of these include Mi Portable Electric Air Compressor, Mi Smart Band 5, Mi 2A Fast Charger with Cable, Mi Beard Trimmer 1C, Redmi Earbuds 2C, Redmi Power Bank 20,000 mAh, and many more.

Xiaomi has a vision of making technology and innovation more accessible to consumers across the country while also tapping into a previously underserved customer base. Through its partnership with Shell, Xiaomi India is demonstrating its commitment to the consumer by allowing the purchase of their favorite Xiaomi and Redmi accessories while on the go.

Commenting on the same, Sunil Baby, Senior Director Offline sales, Xiaomi India, said, “Through our partnership with Shell, our aim is to increase the availability and accessibility of Xiaomi India’s range of accessories in the country for consumers. We are proud to pilot this initiative with hopes of becoming the perfect product partner for consumers and fans across the country. We are hopeful and confident that this partnership will be a disruptor in changing the dynamics of our accessory retail business in our rural markets along with bringing forth the ease of purchase for consumers with round the clock availability“.

Mr. Sanjay Varkey, Director, Shell Retail India, said “We are delighted to partner with a brand like Xiaomi India which follows a similar philosophy like us at Shell of providing customers best in class products and product experience. With this partnership, we are excited to explore the world of electronics and look forward to creating a long lasting relationship with the brand.”

Xiaomi had last year also launched its first omnichannel solution. Called Mi Commerce, it is an initiative to blur online and offline boundaries. Later in 2021, the company announced that it had opened up its 10,000th Mi Home store in China, and appears to now be focusing more on global expansion.

NIO signs deal with Shell to make 100 battery swap stations in China by 2025

Sean — Fri, 26 Nov 2021 12:24:13 +0000

Earlier this week, NIO had announced that it has signed a strategic cooperation deal with Shell. With the new partnership, two companies will work together in the field of electric vehicle energy.

According to a PanDaily report, the Chinese EV making startup and Shell will jointly build and operate charging and battery swap stations across the globe. Furthermore, the companies plan to make around 100 battery swap facilities as well in China by the year 2025. Similarly, the cooperation will have both firms operate pilot stations next year in Europe. Through this deal, the charging station from Shell in Europe will also be available to NIO EV customers, as per the press release.

Apart from just collaborating for these new battery swap stations, the carmaker and the world’s largest gasoline retailer will also work together in other fields like battery asset management, fleet management, membership systems, home charging services, advanced battery charging and swap technology development. In China, the companies will even look to build new charging facilities as well.

As of right now, the America based oil giant is placing its focus on new energy power. It plans to have these new energy power also be a part of its leading fuel services. István Kapitány, Global Executive Vice President of Shell Mobility, “Decarbonization is a common global challenge, one which requires extensive and multi-faceted global solutions. This cooperation means that we’ll offer Shell Recharge high-speed charging at NIO locations and make battery swapping available at convenient Shell locations while also offering NIO customers our best home and business charging solutions.”