EnergyWatch

BP enters joint venture on world's biggest EV market

The oil and gas company launches a new collaboration with Chinese technology firm Didi, aimed at the electric vehicle market. BP will provide fuel, while Didi will handle the charging hubs that the parties aim to install across China.

BP prepares for a major endeavor on the Chinese market. A new partnership with Chinese platform specialist Didi will propagate the charging hubs to be produced by the two companies among Chinese EV owners. | Photo: PR BP

A joint venture has been created between British BP and Chinese Didi Chuxing (Didi), which specializes in platforms for the transport industry, BP informs in a statement.

The parties aim to establish a charging infrastructure for electric vehicles in China. A well-chosen market if the aim is to reach as many as possible, seeing as China currently represents about half of all battery-powered vehicles.

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