Chinese automaker BYD (002594.SZ), opens new tab and e-commerce giant JD.com (9618.HK), opens new tab on Friday signed an agreement on fast-charging stations for electric vehicles, according to a statement released on BYD's Chinese social media platform.
The two companies unveiled the first jointly developed fast-charging station in the city of Shenzhen.
The station featured a convenience store, coffee shop and retail space run by JD.com.
The two companies will develop fast-charging stations that combine EV charging with retail and service offerings.
The partnership is set to expand into site selection and broader vehicle ecosystem services.
JD.com's office parks and logistics sites are expected to support future charger deployment and speed up the buildout of the charging network.