By Kate Yuan

Shell China has become the new investor in Chinese EV giant BYD’s Shenzhen-based EV investment company, holding 80% stakes, JW Insights learned on December 27 from Tianyancha, a provider of Chinese corporation data and due diligence platform.

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Founded in 2014 by BYD, Shenzhen BYD EV Investment Company provides investment, development and operation services for new energy vehicle charging stations.

With over 120 years of history in China, Shell supplies the most liquefied natural gas (LNG) to the country, according to its official website.

The company started renewable energy and energy solution business in 2016, which has become an integral part of its efforts to achieve net-zero emissions and energy transition. The business focuses on new transportation and power sectors with footprints spreading worldwide.

Shell said its goal is to become a leading international energy company in China, contributing to China's sustainable economic prosperity and customers' interests. Its 2025 goals include driving China's progress with Shell's innovative and clean energy solutions.