BP aims to buy Tesla supercharging sites for U.S. expansion - Bloomberg
BP’s (NYSE:BP) electric vehicle charging business is eager to snap up Tesla (TSLA) Supercharer sites across the U.S., along with the workers behind them, and plans to spend $1B to expand its network, bp pulse Americas boss Sujay Sharma said Thursday in a Bloomberg interview.
BP (BP) is “aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement,” Sharma said, adding that the business expects to spend $1B by 2030, half of it within the next 2-3 years to install 3K-plus charging points across the U.S.
Tesla (TSLA) recently laid off most of its Supercharger team, seeking to grow its EV charging network at a slower pace, and Sharma said BP (BP) is “actively seeking good talent and real estate opportunities that allow us to help grow, despite whatever else is going on around us.”
The company agreed last year to procure ~$100M of Tesla (TSLA) Supercharger hardware, with deployment expected to start later this year and early 2025, Sharma told Bloomberg.