Shell exited the Chinese power generation and trading markets effective end-2023, as it scales back its power business globally to focus on more profitable operations, the UK-based supermajor told Reuters on Wednesday. Shell, however, is not abandoning its EV charging business in China, which it sees as a major growth market, a spokesperson for Shell told Reuters.
“We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices,” the supermajor said in a…Shell Quits China’s Power Markets
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