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NewMotion

Company

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Owners:
Shell

Content

Financial results
2016 year
Revenue: 12.9 millions
Net Profit: -3.9 millions
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Owners

NewMotion — the Dutch company founded in 2009 which by October, 2017 owns the network of stations of the podzaryaki of electric vehicles, largest in Europe: in private use there are more than 30 thousand installations, 50 thousand more stations are available to all owners of electric cars in 25 European countries. The number of users of cards of NewMotion electrogas stations exceeds 100 thousand.

Performance Indicators

2016

In 2016 NewMotion received net loss in the amount of 3.9 million euros, and net proceeds reached 12.9 million euros.

History

2017: Shell buys NewMotion

In October, 2017 the oil and gas giant Royal Dutch Shell announced NewMotion purchase. The transaction became the first acquisition of Dutch British Corporation in the market of technologies for electric vehicles in the conditions of the growing demand for eco-friendly machines, Reuters reports.

Financial side of the agreement was decided not to be opened. The vice president for new fuel technologies of Shell Matthew Tipper noted only that it is about "the small amount in a context the total capital expenditure of Shell" which exceed $25 billion a year. However purchase is "significant" as it configures the company for work in the future, the top manager noted.

The electric vehicle is loaded from the NewMotion installation

Shell implements installations for battery charging of electric vehicles at the gas stations in Great Britain, the Netherlands, Norway and on Philippines. The company intends to save this project and in parallel to develop NewMotion network, having saved this brand in the market.

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They supplement each other — Mathew Tipper says, commenting on the advanced Shell and NewMotion of the program of charging of electric vehicles. — In the first case there is fast charging on special platforms, in another — slower charging of the house or at work. At this stage project integration is not planned.
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Shell specified that both companies closely will interact with each other for achievement of the maximum synergy and opportunities which can be offered clients.

Thus, in addition to permanent charging units of Shell will offer portable systems. The head of NewMotion of Sytse Zuidema says that not less than 80% of time of charging of electric vehicles are the share of houses and offices. Core business of NewMotion consists in transformation of parking spaces into refueling stations, he noted.

According to forecasts of analysts of Morgan Stanley, in the light of fast electrification of cars by 2030 there will be a need for expansion of charging infrastructure to 1–3 million installations. Shell expects that by 2040 about a quarter of all cars in the world will use an electric actuator. 

Shell purchased the network of electrogas stations, largest in Europe — NewMotion

Oil giants realize more and more growing threat to the business from electric motor transport therefore they aim to adapt to new market conditions. In August, 2017 the competitor of Shell — BP — announced negotiating on cooperation with producers of electric cars concerning installation of the systems of electrocharging at the gas stations.

In September, 2017 the French oil and gas company Total signed the agreement under which clients of Total got access to charging infrastructure of the partner with NewMotion.

Earlier in 2017 in Shell said that by 2020 the company will invest in the division of net energy  about $1 billion a year, and    the CEO Ben van Beurden promised to change on the BMW i3 electric car.

According to Reuters, the main problems because of which consumer sales of electric vehicles restrain consist in poor development of charging infrastructure, the high cost and insufficiently large supply of the course of such machines.[1]

Notes