BMW 3 Series, BMW 5 Series gain new entry-level plug-in hybrid models

More

Ares Design Showcases Tesla Model S Convertible

More

Porsche expands Taycan model range with new entry level variant

More

Mercedes Benz EQA unveiled, priced from €47,540 in Germany

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

BP invests in PowerShare, one of China’s leading EV charging platforms

BP’s venturing business, BP Ventures, has invested in PowerShare, a leading integrated hardware and software solutions provider for electric vehicle charging in China.

The investment is part of PowerShare’s Series A round, which was led by BP Ventures and draws support from DETONG Capital Partners, a leading private equity firm in China.

PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers, streamlining the charging experience from locating a charge point through to paying for the power supply. PowerShare’s cloud-based system also allows power suppliers to optimise their operations by continuously monitoring and balancing the power demand from vehicles with the supply capacity of the grid.

Lamar McKay, BP Deputy Chief Executive, said: “China is the world’s largest EV market and a key market for BP as we seek to expand our advanced mobility offer. Our investment into PowerShare, BP Ventures’ first direct investment in China, demonstrates our continued intent to provide charging solutions and advanced mobility offers to Chinese consumers both on and off our forecourts.”

Ethan Zhu, founder and CEO of PowerShare, said, “As a technology-based startup with focus on charging of electric vehicles, PowerShare has accumulated rich experiences in charging solutions and technologies through in-depth cooperation with domestic and foreign automobile manufacturers, charging operators and charging pile manufacturers in the past four years. We are much honored to partner with world leading companies like BP to jointly expand markets, develop core technologies, and explore new business models in the global eMobility business.”

BP’s commitment to being a leading fuel provider for both conventional and electric vehicles, delivering fast and convenient electric vehicle charging networks for customers, includes its acquisition of the UK’s leading electric vehicle charging company Chargemaster, investments in fast-charging battery technology firm StoreDot and, mobile-charging company Freewire Technologies as well as its recent EV charging partnership with 66iFuel in China and NIO Capital’s US Dollar Fund with a focus on China’s new energy vehicle ecosystem.

Jan 25, 2019Blagojce Krivevski
Motiv Power Systems to Offer BMW Batteries on Electric Chassis for Commercial VehiclesBorgWarner announces fully integrated eAxle “iDM”
You Might Also Like
 
Wireless Charging System Developed On Kia Soul EV
 
Renault takes stake in smart charging startup Jedlix
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

January 25, 2019 Electric Car NewsBP, BP Ventures, china, EV Charging, PowerShare
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Volkswagen UK kicks off 2021 with incentives across entire model range
January 28, 2021
Nissan sets carbon neutral goal for 2050
January 28, 2021
Hyundai Introduces Advanced Humanoid Robot ‘DAL-e’ for Automated Customer Services
January 28, 2021
Tesla releases Q4 earnings results, reports sixth straight quarterly profit
January 27, 2021
Navistar partners GM and OneH2 to launch hydrogen truck ecosystem
January 27, 2021
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Volkswagen UK kicks off 2021 with incentives across entire model range
January 28, 2021
Nissan sets carbon neutral goal for 2050
January 28, 2021
Hyundai Introduces Advanced Humanoid Robot ‘DAL-e’ for Automated Customer Services
January 28, 2021
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.