Tesla secures $100M order for fast chargers from BP's EV charging division

This investment is part of BP's plan to invest up to $1 billion in electric vehicle charging infrastructure across the United States by 2030

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BP's EV charging business, bp pulse, has entered into a significant agreement with Tesla, marking the first time Tesla's ultra-fast chargers will be purchased for an independent EV charging network.

Here are a few key points:

• The deal involves bp pulse acquiring Tesla's ultra-fast charging hardware units for $100 million. This investment is part of BP's plan to invest up to $1 billion in EV charging infrastructure in the United States by 2030.

• bp pulse, which has already installed over 27,000 charging points, intends to expand its public network to more than 100,000 charging stations worldwide by 2030. As early as 2024, Tesla chargers will be integrated into the bp pulse network, including at key locations across the bp family of brands, such as TravelCenters of America, Thorntons, ampm, and Amoco, as well as large-scale Gigahub charging sites near airports and in major metropolitan areas.

• Tesla's chargers, with an output of 250 kW, will be branded, installed, and operated by bp pulse. They will be equipped with Tesla's 'Magic Dock,' compatible with both North American Charging Standard (NACS) and Combined Charging System (CCS) connectors, allowing various electric vehicle models to use them. The chargers will also support the Plug and Charge protocol for simplified and automated payments.