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4/28, 2:19 PM (Source: TeleTrader)
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VW, BP join forces on electric vehicle chargers

BP plc and Volkswagen AG announced on Thursday they are joining forces to bring more electric vehicle charges to Europe.

The two companies launched a strategic partnership with the goal of "rapidly building a fast-charging network across Europe by 2024" that will include up to 8,000 charge points. They also unveiled their first joint charger in Dusseldorf, Germany and noted that up to 4,000 charge points will be installed across BP's retail sites in Germany and the United Kingdom.

"Volkswagen’s innovative Flexpole 150kW charging units, each of which feature two charge points, have an integrated battery storage system," BP and Volkswagen said in a press release. "The Flexpole units can be directly connected to a low voltage grid which removes the requirement for a dedicated substation and costly construction work, significantly reducing installation times while still providing fast charging speeds of up to 150kW2, enough to deliver up to 160km of driving in as little as 10 minutes,' they added.

Baha Breaking News (BBN) / NP