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Shell buys one of Europe's largest electric charging providers
13 October 2017, 08:59 | Hattie Nash
Royal Dutch Shell has acquired EV chargepoint firm NewMotion
Royal Dutch Shell has accelerated its drive into the electric auto market with the acquisition of NewMotion, one of Europe's largest electric vehicle charging providers.
New Motion will operate in parallel to Shell's programme of rolling out fast charging points at its own stations by providing charging facilities at the workplace and homes, and Shell said it had no plans to integrate both.
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The NewMotion technology includes "dynamic load balancing", which automatically adjusts the rate at which the vehicle is charging so that it uses the maximum available spare...
"Today's announcement is an early step towards ensuring customers can access a range of refueling choices over the coming decades, as new technologies evolve to co-exist with traditional transport fuels", Matthew Tipper, Shell's Vice President for New Fuels, said in a statement.
Shell has insisted it is planning for the day when demand for oil starts to fade. He has also said that the company will aggressively look at opportunities to stay ahead of competitors despite the decreasing dependence on oil for energy.
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