Geely Auto Group and Shell have signed a global strategic cooperation agreement broadening their cooperation beyond just lubricants.
The roadmap laid out will see wider collaboration between the two companies in the areas of research and development, new market entries and growth, as well as joint branded opportunities across motorsport and corporate social responsibility.
In addition, Geely and Shell will work together on new digital opportunities and new energy transition.
Huibert Vigeveno, executive VP of global commercial at Royal Dutch Shell, said, “This is a demonstration of the value that Shell, as an energy company with an international footprint with broad and diverse interests and capabilities, can bring as a strategic partner to its customers in the field of energy transition that is rapidly changing the future of mobility.”
An Conghui, president and CEO of Geely Auto Group, added, “Geely Auto Group has cooperated with Shell for the past 11 years, throughout which time we have explored shared synergies that have allowed Geely to expand aggressively. Going forward, we hope the strengthening of our partnership will assist us in our 2020 Strategy goal of producing and selling two million cars per year, help our transition into becoming a leading new energy brand under the Blue Geely Initiative, and become a focal point for cutting edge technologies developed by both organizations.”
In 2018, Geely plans to set up a new design studio in the UK to support Lotus as well as a new R&D center in Europe that will become part of an innovative development system consisting of five major R&D centers and five major design studios around the world.