It is learned on December 29 from 36kr, Tianyancha App showed that recently, Shenzhen BYD Electric Vehicle Investment Co., Ltd. underwent industrial and commercial changes. Li Qian stepped down as the legal representative and chairman, and was replaced by Zhang Hong.

At the same time, the original shareholders Ningbo Meishan Bonded Port Area Rongming Investment Management Partnership (Limited Partnership) and Shenzhen Shendian Energy Sales Co., Ltd. withdrew, BYD Auto Industry Co., Ltd.’s shareholding ratio was reduced from 60% to 20%, and Shell (China) Co., Ltd. is a shareholder, holding 80% of the shares.

It was previously reported that BYD signed a global strategic cooperation agreement with Shell.