Tesla applies to become UK electricity provider: The Telegraph

FILE PHOTO: The logo of Tesla is seen at a branch office in Bern, Switzerland March 25, 2020. REUTERS/Arnd Wiegmann/File Photo

(Reuters) – U.S. electric carmaker Tesla Inc has applied for a licence to supply electricity in the United Kingdom, The Telegraph reported on Saturday.

The purpose of the licence may be to introduce the company’s “Autobidder” platform, the report bit.ly/2z18diE 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.

Reporting by Aishwarya Nair in Bengaluru; Editing by David Clarke