BP BP Plc

   By Ian Walker 
 

BP PLC (BP.LN) said Friday that it has signed an agreement with NIO Capital to jointly explore opportunities in advanced mobility in China and internationally.

The oil major said potential investment opportunities include electric vehicles, new energy infrastructure, intelligent automotive systems, connected vehicles and new materials including batteries.

"Advanced technology is now driving rapid changes in transportation and China, which is seeing some of the fastest growth in new energy vehicles, is a key market for BP," BP Downstream Chief Executive Tufan Erginbilgic said.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

May 11, 2018 10:55 ET (14:55 GMT)

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