Auto giant and Total form joint venture on battery factories

French automotive multinational Groupe PSA and oil supermajor Total plan to invest around EUR 5 billion in battery factories in Germany and France through subsidiaries Saft and Opel, aiming to cover 10 percent of European battery supply in 2030.

"Vores ambition er at udnytte den anerkendte ekspertise i vores datterselskab Saft indenfor batterier og den industrielle know-how hos vores partner, PSA, til at imødekomme den stærke efterspørgsel på elbiler i Europa," siger Totals bestyrelsesformand, Patrick Pouyanné. bestyrelsesformand, | Photo: Total

by VICTOR EMIL KRISTENSEN

A new French joint venture going by the name of Automotive Cells Company (ACC) sees the light of day and is conceived to realize two battery plants with an energy storage production capacity of 48 GWh, to be located in Douvin, France, and Kaiserslautern, Germany.

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