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, firstname.lastname@example.org
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), BP is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.
Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.