SINGAPORE (June 11): On May 22, BP announced it had invested US$20 million ($26.7 million) in StoreDot, the Israeli developer of ultra-fast-charging batteries. BP is also in partnership with NIO Capital, a Chinese private-equity group, to invest in “advanced mobility” technology in China. These investments followed BP’s January acquisition of a stake in FreeWire, a US company developing rapid-charging infrastructure for electric vehicles (EVs). Of course, the amounts invested by BP is small change compared with the billions of dollars poured into oil and gas each year. 

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