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

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

FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a petrol station in Ressons, France, August 6, 2021. REUTERS/Pascal Rossignol/File Photo

PARIS: France's TotalEnergies said on Tuesday (Sep 28) 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.

Source: Reuters

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