EG Group has announced its plans to acquire Tesla’s ultra-fast EV charging units, with a view to expand its charging network from over 600 EV chargers to more than 20,000.

The business is owned by the billionaire brothers Mohsin and Zuber Issa, who also own UK supermarket Asda. 

The company plans to use Tesla’s industry-leading technology for its new charge points, which will be branded ‘evpoint’ and supplied by 100 per cent renewable energy. However, the hardware will operate on an open network basis to allow drivers of any EV brand to access the chargers.

“The rapid installation of reliable, easy-to-use EV charging infrastructure is the right step towards a sustainable future,” said Rebecca Tinucci, Tesla’s senior director of charging infrastructure. 

EG’s evpoint is one of Europe’s fastest-growing EV charging networks, with access to more than 3,500 roadside retail sites across Europe and the UK. To date, the company has installed over 600 chargers...