BP has signed a memorandum of understanding with Nio Capital that is expected to lead to investments in advanced mobility technologies.
UK-based oil and gas supplier BP has formed a long-term partnership with Nio Capital, an investment firm co-founded by China-based smart electric vehicle developer Nio, that will target mobility technology.
The companies expect to locate opportunities for investments, focusing on areas such as electric vehicles, advanced batteries, connected cars, energy infrastructure and other technologies of mutual interest, both in China and internationally.
The agreement forms part of a strategy already pursued by BP through its corporate venturing arm, BP Ventures,…
