Aug 1, 2019

BP teams up with China's Didi Chuxing on electric vehicle charging

Photo: Didi Chuxing/BP

BP and ride-hailing giant Didi Chuxing are partnering on a joint venture to deploy a network of electric vehicle charging stations in China.

Why it matters: The move signals a major expansion of BP’s increasing investments in the electric vehicle charging space, says Axios' Ben Geman. China is the world’s largest EV market, and the partnership's aim to "quickly" become the nation’s leading charging provider is ambitious.

Go deeper: BP moves into China's electric vehicle charging market

Go deeper

BP to exit Alaska in $5.6 billion deal with Hilcorp

BP's North Star oil station in North Slope, Alaska. Photo: Damian Gillie/Construction Photography/Avalon/Getty Images

BP is selling its oil-and-gas assets in Alaska to Hilcorp Alaska in a $5.6 billion deal that will end its decades-long run as a huge player in the state.

Why it matters: It's a stark sign of the oil giant's repositioning, including its increasing presence in the shale patch in the Lower 48. BP bought BHP's Billiton's U.S. shale assets last year in a $10.5 billion deal.

Go deeperArrowAug 27, 2019

GM vs. Ford on electrified AVs

Illustration: Lazaro Gamio/Axios

General Motors is laying down huge, simultaneous bets on electric cars and self-driving technology, a strategic gamble based on its belief that future automated vehicles will run only on electricity.

Why it matters: It's a risky bet that few can stomach, especially if EVs and AVs are slow to be accepted by consumers. Other carmakers, like Ford, see near-term limitations to battery-electric AVs and favor a more measured approach.

Go deeperArrowAug 14, 2019

Tesla's hefty electric vehicle market weight

Reproduced from Cox Automotive; Note: Does not include plug-in hybrids; Chart: Axios Visuals

For all the justified worries about Tesla's finances, they remain in a pretty good competitive spot in the electric vehicle market — for now.

The big picture: The chart above, via this new Cox Automotive report on the U.S. EV market, shows how the Silicon Valley company dominates the market for pure electric vehicle sales.

Go deeperArrowAug 20, 2019