Skip to content 
Search

Latest Stories

Issa brothers to buy Tesla charging units

EG Group plans to roll out more than 20,000 EV chargers across its 3,600 own sites over time

Issa brothers to buy Tesla charging units

ISSA BROTHERS-owned EG Group has signed a deal to buy Tesla’s ultra-fast charging units for electric vehicles to expand its growing 'evpoint' business across the UK and Europe.

The initial batch of the new charging units is expected to be deployed before the end of this year, EG Group said in a statement on Monday (13).


Issa brothers, who also own supermarket chain Asda, said it was aiming to expand its charging network from over 600 chargers currently deployed to more than 20,000 chargers at its own sites over time.

“Securing this best-in-class equipment from Tesla marks another milestone for evpoint and is hugely exciting for us. It is the first deal of its kind entered into by Tesla with a third-party charge point operator in Europe and will transform how our customers charge their vehicles and how they interact with EG," said Zuber Issa CBE, founder and co-CEO of EG Group.

"Since installing our first EV charger back in 2012, we have continued to invest in the technology. This deal will accelerate the delivery of vital charging infrastructure for motorists to help power the transition to Net Zero.”

According to the statement, the charging points will bear the label 'evpoint' instead of Tesla, and have the capability to recharge various electric vehicles from different manufacturers.

“Our aim is to deliver a three-pronged strategy to help us reach our energy transition goals. These include EV charging, supporting alternative forms of vehicular fuel, and broader carbon reduction, all of which are central to our strategy of helping the world transition to a lower carbon future," said Imraan Patel, chief strategy and business officer, EG Group.

Patel revealed that the group will also pursue opportunities across third party locations.

In October, battery electric vehicles constituted 15.6 per cent of new car sales, as reported by the Society of Motor Manufacturers and Traders (SMMT), marking a slight increase from the 14.8 per cent recorded the previous year.

As of October 1, government figures indicate that the UK had slightly over 49,000 public electric vehicle charging devices installed.

Rebecca Tinucci, Tesla's senior director of charging infrastructure said that the company considers the swift establishment of dependable and user-friendly EV charging infrastructure as a crucial move towards a sustainable future. She added that Tesla is enthusiastic about offering its fast-charging hardware for sale to EG Group and other industry leaders.

Mohsin and Zuber Issa established EG Group in Bury, Greater Manchester, 22 years ago. It experienced rapid expansion in the past decade.

The Issa brothers gained prominence in 2021 with their £6.8 billion acquisition of Asda, the UK's third-largest supermarket.

According to reports, the funding for the deployment of EV chargers will be covered by EG's current cash flow, opting not to rely on debt.

More For You

Bangladesh seeks US deal to shield garment industry from tariffs

Workers are engaged at their sewing stations in a garment factory in Savar, on the outskirts of Dhaka, on April 9, 2025. (Photo by MUNIR UZ ZAMAN/AFP via Getty Images)

Bangladesh seeks US deal to shield garment industry from tariffs

BANGLADESH, the world's second-biggest garment manufacturer, aims to strike a trade deal with the US before Donald Trump's punishing tariffs kick in next week, said the country's top commerce official.

Dhaka is proposing to buy Boeing planes and boost imports of US wheat, cotton and oil in a bid to reduce the trade deficit, which Trump used as the reason for imposing painful levies in his "Liberation Day" announcement.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Bond yields ease following Starmer’s support for Reeves

THE COST of UK government borrowing fell on Thursday, partially reversing the rise seen after Chancellor Rachel Reeves became emotional during Prime Minister’s Questions.

The yield on 10-year government bonds dropped to 4.55 per cent, down from 4.61 per cent the previous day. The pound also recovered slightly to $1.3668 (around £1.00), though it did not regain all its earlier losses.

Keep ReadingShow less
modi-trump-getty
Modi shakes hands with Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Indian exporters watch closely as Trump says trade deal with India likely

THE US could reach a trade deal with India that would help American companies compete more easily in the Indian market and reduce tariff rates, President Donald Trump said on Tuesday. However, he cast doubt on a similar deal with Japan.

Speaking to reporters on Air Force One, Trump said he believed India was ready to lower trade barriers, potentially paving the way for an agreement that would avoid the 26 per cent tariff rate he had announced on April 2 and paused until July 9.

Keep ReadingShow less
Kolhapuri sandal sales surge in India post Prada controversy

Customers shop for 'Kolhapuri' sandals, an Indian ethnic footwear, at a store in New Delhi, India, June 27, 2025. REUTERS/Adnan Abidi

Kolhapuri sandal sales surge in India post Prada controversy

INDIAN footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft.

Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origins.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy grew 0.7 per cent in Q1 2025, fastest in a year

THE UK economy expanded at its fastest pace in a year during the first quarter of 2025, driven by a rise in home purchases ahead of a tax deadline and higher manufacturing output before the introduction of new US import tariffs.

Gross domestic product rose by 0.7 per cent in the January-to-March period, the Office for National Statistics (ONS) said, confirming its earlier estimate. This was the strongest quarterly growth since the first quarter of 2024.

Keep ReadingShow less