Shell Buys One Of Europe’s Largest EV Charging Networks

In one of Big Oil’s most significant deals in the electric vehicles market yet, Shell said on Thursday that it had signed an agreement to buy one of Europe’s biggest EVs charging networks, Netherlands-based NewMotion. “Under the terms of the deal, NewMotion will continue business as usual as a wholly owned subsidiary of Shell,” the oil and gas supermajor said in its statement, which did not disclose the price of the acquisition. NewMotion, launched in 2009, now has more than 30,000 private charge points across the Netherlands,…

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