1.24 billion, an increase of 41% over the same period last year. Not only did the revenue perform well, but charging pile products continued to expand customer sources. Shell, the world's second largest fossil fuel company, officially announced in late December 2021 that it signed a contract with Feihong Technology to become Shell's global procurement supplier of charging equipment, and began to deliver charging piles to all parts of the world.
Shell is currently actively transforming its gas stations old picture restoration into charging stations. The first Shell Recharge charging station was officially opened in Hong Kong. The station is equipped with two 120kW DC fast charging equipment, which can charge most of the electric vehicles in Hong Kong between 40 and 55 meters. It can be charged from 10% to 80% in minutes, and the new electric vehicle can be charged in as little as 25 minutes. As one of the main suppliers of Shell charging piles, Feihong Technology's 360KW fast charging technology has become the focus of market attention.
Global demand for charging piles is promising, Feihong actively expands the European and American markets With Shell announcing that it will expand the UK electric vehicle charging grid on a large scale, it will transform its gas station in the UK into a charging compound station, and it will expand its charging piles all over the world. In response to this development, Feihong Technology stated that European oil companies have stepped into the operation of public charging stations.