Mexican Media Brands
BP Buys U.K. Battery Charging Company
Oil and gas giant BP plc has agreed to buy U.K.-based Chargmaster plc, which operates a network of charging stations for electric vehicles, for £130 million ($170 million).
#hybrid
Share
Oil and gas giant BP plc has agreed to buy U.K.-based Chargmaster plc, which operates a network of charging stations for electric vehicles, for £130 million ($170 million).
Following the acquisition, Chargemaster will change its name to BP Chargemaster. In addition to about 6,500 charging points in Britain, Chargemaster has supplied some 50,000 chargers to customers elsewhere in Europe.
BP plans to install Chargemaster chargers—including new 150-kW fast-charging units—across its 1,200 U.K. fuel stations over the next year. This will be followed by rollouts in Germany, China and other markets.
BP forecasts that the global EV fleet will grow to more than 300 million vehicles by 2040. The U.K. is expected to have about 12 million EVs on the road by then.
RELATED CONTENT
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
