In EV Charging Expansion, Shell Acquires Greenlots, to Go Beyond Its Petrol Stations

"In a strategic move, Shell has acquired U.S. EV charger provider Greenlots - a supplier to Volvo and Volkswagen's U.S. subsidiary.
Competing with BP and recognising that customers want to also charge at work and home, this acquisition is important for Shell, as it faces a potential threat to its core downstream business with growing EV adoption. By expanding its EV charging network, Shell is clearly looking to go beyond its petrol stations." - Vinay Piparsania