BP, DiDi to Build Electric Vehicle-Charging Network in China
August 01 2019 - 1:56AM
Dow Jones News
By Ian Walker
Oil giant BP PLC (BP.LN) said Thursday that it has agreed to
form a new joint venture with China's Didi Chuxing to build an
electric vehicle-charging infrastructure in the country.
The joint venture will develop standalone charging hubs to
provide electronic vehicle-charging services to DiDi's drivers and
the public, BP said.
It added that the companies also plan to expand the venture into
loyalty and convenience offerings and other fleet services in the
near future.
"As the world's largest EV market, China offers extraordinary
opportunities to develop innovative new businesses at scale and we
see this as the perfect partnership for such a fast-evolving
environment," said BP's downstream chief executive, Tufan
Erginbilgic.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
August 01, 2019 01:41 ET (05:41 GMT)
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