Hertz Global Holdings Inc. and BP PLC said Tuesday they have signed a memorandum of understanding for the development of a network of electric vehicle charging stations in North America. The charging stations will be powered by BP pulse, the energy's company's global electrification and charging brand. BP pulse will manage Hertz's charging infrastructure to ensure it can quickly and efficiently recharge vehicles between rentals.
Polestar PSNY and GM GM and aims for a quarter of its fleet to be electric by the end of 2024. Hertz shares were not yet active premarket, but have fallen 37% in the year to date, while the S&P 500 SPX has fallen 23%.
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