TotalEnergies, China Three Gorges to form electric mobility venture in China

Venture will develop electric vehicle high-power charging infrastructure and services

  
A general view of a logo at the TotalEnergies electric vehicle fuelling station in the La Defense business district in Paris, France, July 28, 2021.

A general view of a logo at the TotalEnergies electric vehicle fuelling station in the La Defense business district in Paris, France, July 28, 2021.

REUTERS/Benoit Tessier

PARIS - France's TotalEnergies said on Tuesday it has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China.

The venture will develop electric vehicle (EV) high-power charging infrastructure and services, TotalEnergies said.

"The joint venture’s growth perspectives are supported by China’s ambition to be carbon net neutral by 2060," the company said in a joint statement with China Three Gorges.

TotalEnergies said on Monday that global oil demand was expected to peak before 2030, earlier than previously projected. 

(Reporting by Benjamin Mallet; writing by Matthieu Protard; editing by Jason Neely) ((matthieu.protard@thomsonreuters.com; +33-1-80981237;))


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