Shell and Hyundai renew global cooperation to accelerate delivery of zero-emissions mobility solutions for customers
Mar 18, 2021
Shell continues as exclusively recommended lubricants supplier for Hyundai’s global aftermarket network
Seoul, Korea – Shell and Hyundai Motor Company (Hyundai) today renewed their five-year global business cooperation agreement through to 2026. This is the fourth time the two companies have signed such an agreement since starting to work together in 2005. Hyundai will continue to recommend Shell lubricants across its global aftermarket network. The new agreement reinforces the joint commitment of both companies to collaboratively develop and deploy zero-emission battery electric and hydrogen mobility solutions for Hyundai customers, primarily in Asia.
The lubricants aftermarket recommendation covers a full range of dedicated co-branded and competitively priced Shell Helix products including Shell Helix Ultra with PurePlus Technology. In North America, Quaker State (owned by Shell) branded lubricants will be the brand recommended by Hyundai. Grown over the course of the longstanding relationship, Shell offers aftermarket support for Hyundai in more than 70 markets around the world.
“Accelerating the mobility sector to net-zero will require collaborative pioneers willing to act now and establish the alignments needed to deliver a cleaner energy future,” said Carlos Maurer, Executive Vice President of Shell’s Global Commercial business. “Shell and Hyundai both have that pioneering spirit. We believe we can best enhance Hyundai’s customer service experiences by tapping our EV charging expertise and our deep insights gathered from daily interactions with motorists at our 46,000 retail sites globally.”
“This time around we will join forces to drive positive change with clean mobility solutions that benefit all,” said Un Soo Kim, Senior Vice President and Head of Global Operations Division of Hyundai Motor Company. “With Shell, we will be securing our competitiveness within the automotive industry, continuing our transition as a smart mobility solution provider.”
At the heart of Hyundai and Shell’s wide-ranging relationship is a mutual commitment to leverage technology to accelerate the energy transition. The two companies run joint R&D programmes including for the first-fill lubricants to meet Hyundai’s specific engine requirements, which could extend for collaboration on e-Fluids development for EVs.
In addition, Shell, the number1global lubricants supplier for fourteen consecutive years, has been the official sponsor for the Hyundai Shell MOBIS World Rally Team since 2014 and has developed and supplied exclusive engine oils, which have supported the team’s second consecutive victory.
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About Shell Lubricants
The term “Shell Lubricants” collectively refers to Shell Group companies engaged in the lubricants business. Shell has been the leading global supplier of finished lubricants for 14 consecutive years. Shell sells a wide variety of lubricants to meet customer needs across a range of applications. These include consumer motoring, heavy-duty transport, construction, mining, power, agriculture and general manufacturing. Shell’s portfolio of lubricant brands includes Pennzoil, Quaker State, Shell Helix, Shell Advance, Shell Rotella, Shell Rimula, Shell E-fluids, Shell Argina, Shell Gadinia, Shell Corena, Shell Diala, Shell Morlina, Shell Mysela, Shell Naturelle, Shell Omala, Shell Spirax, Shell Tellus, Shell Tonna, and Shell Turbo. We are active across the full lubricant supply chain. We manufacture base oils in four plants; blend base oils with additives to make lubricants in 32 plants; distribute, market and sell lubricants in more than 100 countries. We also provide technical and business support to customers. Shell’s world-class technology works to deliver value to our customers. Innovation, product application and technical collaboration are at the heart of Shell lubricants. We have leading lubricants research centres in USA, China, Germany, and India. We invest significantly in technology and work closely with our customers to develop innovative lubricants. We have a patent portfolio with more than150 patent series for lubricants, base oils and greases; more than 200 scientists and lubricants engineers dedicated to lubricants research and development. Customer benefits include lower maintenance costs, longer equipment life and reduced energy consumption.
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
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Additionally, it is important to note that as of 18 March 2021, Shell’s operating plans and budgets do not reflect Shell’s Net-Zero Emissions target. Shell’s aim is that, in the future, its operating plans and budgets will change to reflect this movement towards its new Net-Zero Emissions target. However, these plans and budgets need to be in step with the movement towards a Net-Zero Emissions economy within society and among Shell’s customers.
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