Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

BP Eyes Acquisition of Tesla’s Supercharger Network

Daniel Kim Views  

AFP Yonhap News

British Petroleum (BP), Britain’s largest and the world’s second-largest oil refiner, has expressed its intent to acquire Tesla’s electric vehicle charging station network, the Supercharger division.

According to Bloomberg on the 9th (local time), BP announced that it is currently negotiating with Tesla to purchase its charging station network. Last week, Tesla laid off 500 employees, including Rebecca Tinucci, the executive in charge of the Supercharger infrastructure, citing cost reduction measures. Tesla also announced that it would slow down the expansion of its supercharger.

Against this backdrop, BP said in a statement, “We are aggressively seeking to acquire real estate to expand our network, with greater focus following Tesla’s recent announcement.” BP Plus, BP’s charging business division, also mentioned plans to secure available land in cooperation with property owners who had potentially signed Supercharger development contracts with Tesla. This indicates BP’s intent to expand the electric vehicle charging station business on behalf of Tesla.

Despite the enormous cost of infrastructure investment, the electric vehicle charging station business can generate steady profits. BP announced in February last year that it planned to invest $1 billion in electric vehicle charging stations across the United States by 2030, with $500 million of that earmarked for the construction of 3,000 charging stations within the next 2-3 years. Additionally, he was so interested in the electric vehicle charging network that he ordered a $100 million Tesla fast charger in October.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    It’s Not Just How Long You Sleep—It’s How You Sleep That Matters

    LIFESTYLE 

  • 2
    Want to Live to 100? Start Eating Like They Do in the Blue Zones

    LIFESTYLE 

  • 3
    Forget the Treadmill—This Machine Burns Twice the Calories in Half the Time

    LIFESTYLE 

  • 4
    No More Needles in the Spine? Blood Test May Predict Alzheimer’s Early

    LIFESTYLE 

  • 5
    Hate the Dentist? You Still Need This One Crucial Cleaning

    LIFESTYLE 

Popular Now

  • 1
    How People With 12% Body Fat Stay Lean—Without Diets or Crazy Workouts

    LIFESTYLE 

  • 2
    Shocking Study Finds Cancer-Causing Arsenic in Brown Rice

    LIFESTYLE 

  • 3
    Forget the Scale—This Is the Fat That Really Matters

    LIFESTYLE 

  • 4
    Fasted Workouts: Why Skipping Breakfast Might Boost Your Fitness

    LIFESTYLE 

  • 5
    Doctors Urge Caution as Killer Bacteria Found in Warm Seawater

    LIFESTYLE 

Must-Reads

  • 1
    It’s Not Just How Long You Sleep—It’s How You Sleep That Matters

    LIFESTYLE 

  • 2
    Want to Live to 100? Start Eating Like They Do in the Blue Zones

    LIFESTYLE 

  • 3
    Forget the Treadmill—This Machine Burns Twice the Calories in Half the Time

    LIFESTYLE 

  • 4
    No More Needles in the Spine? Blood Test May Predict Alzheimer’s Early

    LIFESTYLE 

  • 5
    Hate the Dentist? You Still Need This One Crucial Cleaning

    LIFESTYLE 

Popular Now

  • 1
    How People With 12% Body Fat Stay Lean—Without Diets or Crazy Workouts

    LIFESTYLE 

  • 2
    Shocking Study Finds Cancer-Causing Arsenic in Brown Rice

    LIFESTYLE 

  • 3
    Forget the Scale—This Is the Fat That Really Matters

    LIFESTYLE 

  • 4
    Fasted Workouts: Why Skipping Breakfast Might Boost Your Fitness

    LIFESTYLE 

  • 5
    Doctors Urge Caution as Killer Bacteria Found in Warm Seawater

    LIFESTYLE 

Share it on...