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The creation of ACC1 marks the birth of a leading player in the production of batteries in Europe.
Yann Vincent is appointed Managing Director and Ghislain Lescuyer Chairman of the Joint Venture Board of Directors.
This ambitious project, announced in January 2020, brings together the spouse’s expertise to expand and produce batteries with the highest point of overall performance.
VAC has the power of the French and German authorities, as well as the European institutions, for the transition of mobility power.
Total (Paris: FP) (LSE: TTA) (NYSE: TOT):
The PSA/Opel and Total/Saft Group have signed an agreement for the creation of the ACC joint venture, and Yann Vincent has been appointed Ceo to put it into force and expand it and Ghislain Lescuyer has been appointed Chairman of the Board of Directors.
With this partnership, the parties are a world-class player in the progression and manufacture of high-performance batteries for the automotive industry starting in 2023.
Total / Saft will bring your in R
This aims to:
Responding to the demanding situations of the energy transition by reducing the environmental footprint of cars in the price chain in a preference for offering blank and affordable mobility to citizens.
Produce batteries for electric cars that will be at the forefront of technology in terms of energy performance, autonomy, charging time and carbon footprint.
Develop production capacity, which is essential for the expansion of electric cars in a European market estimated at 400 GWh until 2030, 15 times the existing market.
Ensure commercial independence in Europe for the design and manufacture of batteries, with an initial capacity of 8 GWh, achieving a cumulative capacity of 48 GWh at any of the sites until 2030 and will constitute 1 million cars produced consistently with the year, or more than 10% of the European market.
Position VAC as a major competitive player in the electric vehicle manufacturers sector.
This transfer receives money from the French and German governments to the song of EUR 1.3 billion and has won the agreement of European establishments through an ICEI transfer demonstrating the strategic importance of mobility for the transition of power.The entire transfer will mobilize an investment of more than five billion euros.
Carlos Tavares, president of the Psa Group: “The structure of the European battery consortium we are looking for is already a reality.I would like to pay special tribute to the commitment of the Total/ Saft and PSA/Opel Group groups that have made this assignment a new step is consistent with our central objective: “to provide citizens with clean and affordable mobility” and provides THE PSA Group with competitive merit in a context of expanding electric vehicle sales. VAC takes PSA Group further on the road to carbon neutrality.”
Patrick Pouyanné, President of Total comments: “The creation of VAC illustrates Total’s commitment to tackling the challenge of climate substitution and expanding as a primary energy company, a major player in the energy transition, through the procedure to deliver affordable, reliable and cleaner products.Our ambition is to leverage the identified experience of our SUBSIDIARY SAFT in the batteries and business knowledge of our PSA spouse to address the strong expansion of the electric vehicle in Europe.I would like to inspire the groups that sign up for VAC to make this adventure a real European technological and commercial success.”
About the PSA Group
The PSA Group designs unique automotive reports and provides mobility responses to meet all visitor expectations.The Group has five automotive brands, Peugeot, Citroen, DS, Opel and Vauxhall and provides a wide diversity of mobility and smart installations under the Free2Move brand.The Push to Pass strategic plan “represents a first step towards achieving the Group of Being’s vision” a global car manufacturer with state-of-the-art power and a leading provider of mobility with permanent relationships with visitors.”and hooked cars, the PSA Group is also involved in financing activities through BANQUE PSA Finance and automotive appliances through Faurecia.
Media Library: medialibrary.groupe-psa.com / @GroupePSA_EN
About Total
Total is a giant energy company that produces and markets low-carbon fuels, herbal fuel and electricity.Our 100,000 workers are committed to greater power, more affordable, more reliable, cleaner and available to as many others as possible.130 countries, our ambition is the main power to blame.
About Saft
Saft specializes in high-tech battery solutions for the industry, from design and progression to production, customization and service delivery. For a hundred years, the most durable Saft batteries and systems have provided critical applications, backup force and propulsion for our customers., and reliable generation offers maximum functionality on land, sea, air and in space. Saft powers the industry and smarter cities, while offering essential backup features in remote and challenging environments, from the Arctic Circle to the Sahara Desert.Saft is a wholly owned subsidiary of Total, a leading player that produces and markets low-carbon fuels, herbal fuel and electricity.
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Contacts:
PSA Group:
Claudia Raynaud – 33 6 61 64 03 – [email protected]
Alain le Gouguec – 33 6 42 59 27 – [email protected]
Saft:
Media Relations – 33 1 58 16 60 – [email protected]
Total:
Press relations – 33 (0) 1 47 44 46 – [email protected] – @TotalPress
Investor Relations – (0) 207719 7962 – [email protected]
Warning note
This press release, from which no legal consequences can be drawn, is for informational purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. he has no duty for his movements or omissions. In this document, the terms “Total”, “Total Group” and Group are used for convenience. Similarly, the words “we”, “our” and “our” may also be used to refer to affiliates in general or the ones you paint for them.
This document would possibly involve forward-looking data and statements based on a range of economic knowledge and assumptions made in a given economic, competitive and regulatory environment, which may be long-term erroneous and subject to several NI TOTAL SE.ni nor does any of its subsidiaries assume any legal responsibility to publicly update the data, statements, objectives or future trends involved in this document , either as a result of new data, long-term occasions or otherwise.
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1 ACC: Automotive Cell Company
See the edition in businesswire.com: https://www.businesswire.com/news/home/20200903005710/fr/
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