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
-
Ford and Autonomy
Ford’s announcement last week in Silicon Valley came as something of a surprise.
-
On Audi's Paint Colors, the Lexus ES 250, and a Lambo Tractor
From pitching a startup idea to BMW to how ZF is developing and using ADAS tech to a review of the Lexus ES 250 AWD to special info about additive at Toyota R&D. And lots in between.
-
Kroger Tests Self-Driving Grocery Delivery Service
The Kroger Co. and Silicon Valley startup Nuro launched a pilot program for autonomous grocery delivery this week in Scottsdale, Ariz.
