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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
TotalEnergies, China Three Gorges to form electric mobility venture in China   -   Copyright  Thomson Reuters 2021
By Reuters

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.