Financial Associated Press, April 16 (editor Liu Rui) only a few yearsJackpotslotscasinoThe electric vehicle industry has turned from hot to cold winter.

At present, global electric carmakers are tightening their belts as demand for electric vehicles is lower than expected. It was also revealed that BP's electric car charging division would cut 10 per cent of its jobs yesterday, just after Tesla, the US electric car giant, was reported to have cut 10 per cent of its jobs worldwide.

BP has been exposed to lay off staff in the electric vehicle charging business.

BP has cut more than 10% of its employees in its electric vehicle charging business and pulled it out of several markets as bets on the rapid growth of commercial electric vehicles failed, according to company sources.

The change in BP's division shows that Murray Auchincloss, BP's chief executive, is trying to focus streamlining on the most profitable parts. It also reflects the growing skepticism from investors as the company shifts its business from traditional energy sources such as oil and gas to low-carbon energy.

In recent months, BP has reduced the number of priority countries covered by its charging business from 12 to four, leaving only the US, UK, Germany and China. BP said it expected the fastest growth in the electric car market in these countries.

The department has laid off more than 100 people in recent months, accounting for more than 10% of its 900 global employees, with many employees transferred to other departments and only a few leaving the company, according to sources.

However, electric car charging remains one of BP's five key growth engines. BP said in its annual report that by the end of 2023, the company had more than 29000 charging piles worldwide, compared with 22000 in the same period last year. Its goal is to reach 100000 charging piles by 2030.

"JackpotslotscasinoOur electric vehicle ambitions have not changed, "BP said, adding that the adjustment of its charging division was" a step towards ensuring that we can implement our goals more accurately and effectively ".

Layoffs become a frequent word in the electric vehicle industry

Recently, layoffs seem to have become a high-frequency word in the global electric vehicle industry.

At the end of last year, Li Bin, a domestic "new force in car building", confirmed 10 per cent layoffs at Weilai Automobile CEO. On Monday, Tesla, a US electric car giant, was also reported to be laying off more than 10 per cent of its staff worldwide. Electric car companies around the world seem to have to tighten their belts to cope with falling sales and an intensifying price war for electric cars.

BP has abandoned several bets on charging since it launched its energy transformation strategy under the leadership of its predecessor, CEO Bernard Bernard Looney, in 2020.

Current CEO Auchincloss told analysts in February that BP initially expected commercial vehicles to be the first to switch to electric vehicles on a large scale, but that did not happen, in part because the government relaxed requirements for switching to electric vehicles.

"We thought the commercial fleet would change first. But given the pressure of the recession and some government mitigation measures, the shift of commercial fleets to electric momentum has slowed. "

In May last year, BP also closed its home electric car charging business. The company is currently focused on fast charging centers.

The company said it expected electric car charging and convenience store businesses to return more than 15 per cent by 2025, with profits before interest, tax, depreciation and amortisation reaching $1.5 billion.