Tesla Expands Supercharger Network Via Partnership With Major Gas Station Operator
Portfolio Pulse from Benzinga EV Insights
Tesla Inc (TSLA) is expanding its Supercharger network through partnerships with major gas station operators. After a $100 million deal with BP, Tesla has now partnered with EG Group to sell Supercharger hardware for deployment at EG's gas stations. This marks a strategic shift for Tesla, moving towards selling its charging technology to third parties. EG Group will integrate Tesla's chargers into its 'evpoint' brand across the UK and Europe, with the network open to all drivers and supporting the Plug and Charge protocol.
November 13, 2023 | 4:29 pm
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Tesla's partnership with EG Group for Supercharger expansion into UK and European markets, following a similar deal with BP, indicates a strategic shift towards leveraging its charging technology with third-party operators.
The expansion of Tesla's Supercharger network through partnerships is likely to be viewed positively by investors as it represents a new revenue stream and strategic growth in the EV infrastructure sector. The deal with EG Group, following the BP agreement, shows Tesla's commitment to expanding its charging network and could lead to increased adoption of Tesla's technology, potentially boosting the company's stock price in the short term.
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