Shell will continue working with Nissan’s e.dams racing team to develop high-performance E-transmission fluids aimed at helping drivers and their electric vehicles (EVs) to win on the track. Shell and Nissan hope to take the innovations from the racetrack to the road, allowing all electric vehicle users to benefit from improved EV efficiency and a better driving experience.

Shell and Nissan’s e.dams team have been partners since 2018, and today’s announcement means they will continue working together for at least three more years.

The renewed partnership will help both companies achieve their net-zero ambitions. Shell has a target to become a net-zero emissions energy business by 2050, in step with society’s progress towards achieving the goals of the Paris Agreement on climate change. Investing in infrastructure for charging electric vehicles plays an important part in Shell’s Powering Progress strategy. Shell currently operates more than 80,000 charge points globally and aims to increase this to around 500,000 by 2025.

“EVs are at the forefront of modern mobility, and Formula E is at the forefront of EV technology. This is why we are absolutely thrilled to be extending our partnership with Nissan e.dams, one of the sport’s most successful teams. Not only will we be providing them with cutting-edge, high-performance E-fluids and E-greases for use on the track, but the knowledge we gain can then be used to inform development of our road-going products, helping us to achieve our goal of being the world’s leading full-spectrum mobility company,” said István Kapitány, Executive Vice President for Mobility at Shell. “This partnership is about winning races, and about combining the power and creativity of two market-leading, forward-thinking companies to develop world-class innovations that we can then bring to our customers.”

“As we move forward into Season 8 and beyond we’re delighted to continue our collaboration with Shell, whose advanced range of E-fluids plays such an important role in keeping our powertrain as efficient as possible. We look forward to more success with Shell as a valued partner in our Formula E racing efforts,” explained Tommaso Volpe, Nissan Global Motorsport Director.

Shell Lubricants is investing in developing products to optimise the performance of road-going electric vehicles. Their current range includes E-transmission fluid, E-thermal fluid and E-grease, all specifically formulated to optimise the performance of EVs.

“Our aim at Shell is to use our position as the world’s leading fuels retailer and lubricants supplier to become the world’s leading E-mobility retailer as well,” said Kapitány. “This partnership with Nissan e.dams, and the innovation we can expect from it, marks another valuable step towards this goal.”

The first race of Season 8 of the ABB FIA Formula E World Championship is scheduled to take place in Diriyah, Saudi Arabia on 28 January, 2022.

Shell’s partnership with Nissan e.dams will encompass the introduction of the new Gen3 Formula E car, in which drivers will compete from Season 9 onwards.

Notes to editors

  • The Formula E world championship was launched in 2014.
  • Formula E cars share the same chassis and battery. Teams can develop their own powertrain, gearbox and software to run the car.
  • In January 2021 Nissan set the goal to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050. Nissan is aiming for 100% of its all-new vehicle offerings to be electrified in the key markets of Japan, China, the USA and Europe by the early 2030s.
  • Nissan introduced the world’s first mass-market electric car, the Nissan LEAF, in 2010.

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. 

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, Shell’s operating plans, outlooks, budgets and pricing assumptions do not reflect our net-zero emissions target. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans, outlooks, budgets and pricing assumptions to reflect this movement. 

This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, 23 November, 2021. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

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