State-owned oil company YPF signed a letter of intent with automaker Tesla to explore the possibility of deploying a fast-charging network for electric vehicles (EVs) in Argentina.
The news was announced by YPF President Horacio Marín, who visited Tesla’s Gigafactory in Texas on Monday alongside Michael Snyder, vice president of energy at the company owned by Elon Musk.
“During the visit, we signed a letter of intent to explore opportunities for collaboration in fast-charging infrastructure, energy storage, and technological innovation — areas that will play a central role in the evolution of energy and mobility in the coming years,” Marín tweeted.
Hoy dimos un nuevo paso hacia el futuro. Firmamos un primer acuerdo marco con @Tesla para explorar distintas unidades de negocios entre ambas compañías.Recorrí la Gigafactory en Texas junto a Michael Snyder, vicepresidente de energía de Tesla y, sinceramente, salí impresionado.… pic.twitter.com/rctYJ7dcpm— Horacio Marín (@HoracioMarin_ok) June 16, 2026
Although the letter of intent is a framework agreement that paves the way for formal negotiations, it does not entail any definitive financial commitments.
