⛽ BP is acquiring TravelCenters of America Inc. in a deal valued at $1.3 billion, a move the energy giant said benefits both its traditional fueling and EV charging businesses, Ben writes.

  • Zoom in: Investments in “convenience” are among what BP calls its “transition growth engines” as it diversifies.
  • What they’re saying: “By enabling growth in EV charging, biofuels and [renewable natural gas] and later hydrogen, we can help our customers decarbonize their fleets,” CEO Bernard Looney said in a statement.

⛏️ Battery giant LG Chem is making a $75 million equity investment in Piedmont Lithium and signed a four-year offtake agreement for 200,000 metric tons of lithium chemicals.

  • Why it matters: Big players in the battery materials supply chain are racing to lock down raw materials to help automakers meet EV goals and sourcing rules in the new climate law.

🚗 Tesla is recalling 362,758 vehicles equipped with its controversial “Full Self-Driving beta” (FSD) software that federal safety investigators found can occasionally disregard traffic laws, Axios‘ Joann Muller reports.