Tesla Inc (TSLA)

[rolvram]

BP to Acquire EV Charging Units From Tesla for $100 Million
Mentioned: BP TSLA

By Dean Seal

BP has signed a $100 million deal to acquire ultra-fast charging hardware units from Tesla.

The oil giant said Thursday that its electric-vehicle charging business, BP Pulse, will acquire the units as part of an expansion of its public network across the U.S.

The rollout will begin next year at locations that include TravelCenters of America and Thorntons. The first installation sites will be in Houston, Phoenix, Los Angeles, Chicago and Washington D.C.

Tesla chargers will also be deployed at certain BP Pulse fleet customer depots.

The companies said this is the first time that Tesla's chargers will be purchased for an independent electric-vehicle charging network.

"Selling our fast-charging hardware is a new step for us, and one we're looking to expand in support of our mission to accelerate the world's transition to sustainable energy," said Rebecca Tinucci, Tesla's senior director of charging infrastructure.