Tesla strikes deal to sell chargers to UK gas station operator EG Group


  • British petrol station operator EG Group has announced that it is purchasing Tesla fast chargers for electric vehicles (EVs) for an undisclosed amount to install at its sites in the UK and Europe.
  • This was the second such agreement. for the electric vehicle maker after BP recently agreed to pay $100 million for Tesla chargers.
  • Tesla shares rose on Monday's news and their price has nearly doubled so far this year.

Shares of Tesla (TSLA) rose on Monday as British gas station operator EG Group said it would buy the electric vehicle makers' supercharger units for its sites in the UK and across the world. the continent. Europe.

Financial details of the The agreement was not disclosed. Rebecca Tinucci, Tesla's senior director of charging infrastructure, said the deal will support a key area of ​​focus for the company, namely “rapid installation of #39;reliable, easy-to-use electric vehicle charging infrastructure.”

Founder of the EG Group and co-CEO Zuber Issa said the deal “will transform the way our customers charge their vehicles and the way they interact with EG.”

Imraan Patel, chief strategy officer and commercial director at EG Group, said the company has installed more than 600 electric vehicle chargers across 189 sites and aims to offer more than 20,000 over time. She is also looking for “opportunities on third-party sites”.

This is the Tesla's second such deal recently, following last month's announcement that it was selling $100 million worth of compressor equipment to BP (BP).

Tesla shares rose by 4.2% on Monday and their price has doubled so far this year.


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Source: investopedia.com

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