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Tesla applies to become UK electricity provider

Business Materials 3 May 2020 00:27 (UTC +04:00)

U.S. electric carmaker Tesla Inc has applied for a licence to supply electricity in the United Kingdom, Trend reports citing Reuters.

The purpose of the licence may be to introduce the company's "Autobidder" platform, the report said, citing a company source. The application does not make clear why Tesla has applied for the licence, The Telegraph reported.

Having built a significant battery business in recent years, the carmaker is now preparing to enter the British market with its technology, the paper said, citing industry sources.

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