The agreement would enable BP’s Pulse division, which creates an electric vehicle charging network, to increase its market share in the United States, the company said in a statement. BP earlier declared that it would invest $1 billion in the US market by 2030.
It is anticipated that the new machinery would be operating in 2024.
Tesla’s stock was down 1.1% on Thursday, and BP’s paper lost 0.4%.
source: bloomberg.com
