News
Volkswagen partners with bp for EV fast charging rollout in Europe
Volkswagen will partner with bp to launch a strategic partnership to roll out up to 4,000 fast-charging electric vehicle charge points in Germany and the United Kingdom within the next two years.
The first charger was unveiled in Dusseldorf, Germany on Thursday, which will be the first of perhaps 8,000 total charging points across Germany, the UK, and other European countries by 2024. Initially, the Dusseldorf fast charger is now live and is the first of at least 4,000.
The partnership will utilize Volkswagen’s Flexpole 150kW charging units, which each offer two charge points and have an integrated battery system, which enables a high-powered grid connection to make fast charging possible. The Flexpole units can be connected to a low voltage grid, which removes the need for a dedicated substation and costly and time-consuming construction projects. The Flexpole chargers can provide up to 160 kilometers, or roughly 100 miles of driving range in as little as 10 minutes, depending on the vehicle.
Phase One of the rollout will see an additional 4,000 total charge points at bp’s Aral retail sites in Germany and bp retail sites in the United Kingdom over the next 24 months, Volkswagen said. Up to 8,000 total fast-charging points could be available by the end of 2024, but there are no guarantees to the supplemental 4,000 locations, it seems. However, bp is “rapidly expanding its EV charging network, including at its extensive and conveniently located network of retail sites,” it said. EV drivers are able to charge in safe, well-lit stations that have food and drinks and other convenience features.
“Volkswagen has been pioneering the transformation to e-mobility across Europe,” Volkswagen CEO Herbert Diess said. “Today, we have the broadest offer of electric cars in the market and sold more EVs in the region than any other carmaker last year. Investing in everything from software, to batteries and charging is part of our strategy to make individual mobility safer, more convenient, and fully climate-neutral. The decarbonization of Europe’s economy requires close collaboration across borders and sectors. We’re pleased to team up with bp to accelerate the rollout of the fast-charging network across Europe.”
Volkswagen’s electric vehicle sales soar in Q1, led comfortably by ID.4
The Volkswagen-bp charging locations will be integrated into the navigation systems of Volkswagen, seat, and ŠKODA vehicles, and also into Volkswagen’s charging application, Elli.
Volkswagen’s Power Day outlined a need for more EV charging infrastructure in Europe, and plans to launch at least 18,000 new charge points in Europe with several different partners by 2025. Volkswagen also wants to install at least 17,000 charging points in China by the end of 2025.
“As we promised at our Power Day, we are driving the expansion of charging infrastructure in Europe at high speed,” Thomas Schmall, Member of the Board of Management of Volkswagen AG, said. “Together with bp, we will bring thousands of fast-charging stations to life within a very short time. Rapid expansion of the charging network is crucial now. To make that happen, our pioneering flexible, fast chargers offer a perfect solution, since the time and costs required for installation are minimal.”
The VW Flexpole chargers are produced in Suzhou, China, and Hanover, Germany. They can be installed almost anywhere needed or where a charging infrastructure is not yet in place. When connected to the low voltage grid, the station becomes a permanent charging point without the additional cost and effort required for a comparable conventional fast-charging station,” Volkswagen said.
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Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
