Advertisement
UK markets closed

  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     

  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     

  • CRUDE OIL

    85.29
    -0.12 (-0.14%)
     

  • GOLD FUTURES

    2,403.50
    +20.50 (+0.86%)
     

  • DOW

    37,863.26
    +128.15 (+0.34%)
     

  • Bitcoin GBP

    50,670.91
    -832.12 (-1.62%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • NASDAQ Composite

    15,893.18
    +8.16 (+0.05%)
     

  • UK FTSE All Share

    4,260.41
    -78.49 (-1.81%)
     
Money:

How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

BP invests in Israeli fast-charge battery company

Reuters
FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo (Reuters)

JERUSALEM (Reuters) - Oil major BP said on Tuesday its venture capital fund invested $20 million (15 million pounds) in Israeli firm StoreDot, which developed a battery system that could potentially charge an electric car in the amount of time it takes to fill a gas tank.

The investment, BP Ventures said, is part of a push to tap into the growth in electric vehicle technologies and infrastructure.

"Ultra-fast charging is at the heart of BP’s electrification strategy," said Tufan Erginbilgic, chief executive at BP downstream. "We are committed to be the fuel provider of choice – no matter what car our customers drive.”

StoreDot, which raised $60 million from Daimler in September, developed a super-fast charger for cellphones before expanding into automotives. The company says its lithium ion-based battery technology can fully charge an electric vehicle in five minutes.

StoreDot is aiming to bring its mobile phone batteries to market as early as 2019.

(Reporting by Ari Rabinovitch; Editing by Tova Cohen)