China gives Shell glimpse of global EV charging potential

Oil major Shell shared some impressive numbers for its Chinese EV charging business at its annual capital markets day, as it looked to justify its investment in the business segment.

Shell’s public charging network in China had a utilisation rate of 25pc in 2022, 2.5 times the industry average, Huibert Vigeveno, director of downstream and renewables, told analysts in New York this week.