The investment will support the fund’s work exploring opportunities in advanced mobility areas, including electric vehicles and related technologies, new energy infrastructure, intelligent automotive system, connected vehicle, new materials including batteries, as well as other areas of possible mutual interest.
Roy Williamson, vice president of BP's advanced mobility unit, said: “With customer demand and technologies evolving fast, BP intends to remain the energy provider of choice through a number of diversified solutions. Our partnership with NIO Capital in China is part of BP’s strategy to be a leading provider of the mobility solutions of the future.”
BP is committed to a low carbon future, aiming to reduce greenhouse gas emissions in its operations, improve its products and services to help customers lower their emissions, and to create new low carbon businesses. BP’s commitment to being the leading fuel provider for both conventional and electric vehicles, delivering fast and convenient electric vehicle charging networks for customers, includes its recent acquisition of the UK’s leading electric vehicle charging company, Chargemaster, as well as recent investments by BP Ventures in fast-charging battery technology firm StoreDot and mobile-charging company Freewire Technologies.
BP press office, China: +86 (0)10 6589 3878, email@example.com
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