Royal Dutch Shell PLC (RDSA.LN) said Monday that it has signed an agreement with a joint venture of European car makers to offer electric vehicle charging points at its refueling stations.
Shell said it has agreed the deal with IONITY--a joint venture between Ford Motor Co. (F), Daimler AG (DAI.XE), Bayerische Motoren Werke AG (BMW.XE) and Volkswagen AG (VOW.XE)--to offer charge points across ten European countries, starting at 80 of its biggest stations.
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Shell said each station will have six charging posts, and will form part of IONITY's forecast 400-strong station network, providing electric charging of up to 350 kilowatts.
Shell shares are down 10.50 pence, or 0.5%, at 2327 pence at 1427 GMT.
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(END) Dow Jones Newswires
November 27, 2017 09:50 ET (14:50 GMT)