"BP Keen To Buy Tesla Supercharging Sites For US Expansion; Company's EV Arm Plans To Spend $1B To Grow Its Network And Wants Fired Tesla Workers, Too." - Bloomberg News

Author: Benzinga Newsdesk | May 09, 2024 01:38pm

https://www.bloomberg.com/news/articles/2024-05-09/bp-keen-to-buy-tesla-supercharging-sites-for-us-expansion?sref=y3YMCJ4e

BP Plc's electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.

The company said it "is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement." It plans to spend $1 billion by 2030, half of it within the next two to three years to install over 3,000 charging points across the US. A key part of the strategy is building large-scale hubs with 12 or more chargers that it calls Gigahubs.

"If there are stranded real estate partners who are looking for someone to call, they should feel free to pick up the phone and call me or look me up on LinkedIn," Sujay Sharma, chief executive officer of bp pulse Americas, said in an interview with Bloomberg

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