Groupe PSA and Total Create "Automotive Cells Company", a Joint Venture Dedicated to the Manufacture of Batteries in Europe
September 03 2020 - 11:55AM
Business Wire
- The creation of ACC1 marks the birth of a major player in
battery production in Europe.
- Yann Vincent has been appointed Chief Executive and Ghislain
Lescuyer Chairman of the Boardof the joint venture.
- This ambitious project, announced in
January 2020,pools the expertise of each partner to
develop and produce batteries with the highest level of performance
worldwide.
- ACC benefits from the support of the French and German
authorities, as well as the European institutions, to accompany the
energy transition of mobility.
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Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
Groupe PSA/Opel and Total/Saft have signed an agreement for the
creation of the joint venture ACC. Yann Vincent has been
appointed Chief Executive in order to implement and develop it.
Ghislain Lescuyer has been appointed Chairman of the
Board.
With this partnership, the parties are setting up a world-class
player in the development and manufacture of high-performance
batteries for the automotive industry from 2023.
Total/Saft will contribute its expertise in R&D and
industrialization, and Groupe PSA its knowledge of the automotive
market and its experience in production. The R&D centre in
Bordeaux and the pilot site in Nersac (France) have already started
in order to develop the new high-performance lithium-ion
technologies. At the end of this R&D phase, mass production
could be launched in two "gigafactories", in Douvrin (France) and
Kaiserslautern (Germany).
This project aims to:
- Respond to the challenges of the energy transition by reducing
the environmental footprint of vehicles throughout the value chain
in a desire to offer clean and affordable mobility to
citizens.
- Produce batteries for electric vehicles that will be at the
highest technological level in terms of energy performance,
autonomy, recharging time and carbon footprint.
- Develop production capacity, essential to accompany the growth
demand for electric vehicles in a European market estimated at 400
GWh by 2030, i.e. 15 times the current market.
- Ensure industrial independence in Europe for the conception and
manufacture of batteries, with an initial capacity of 8 GWh,
reaching a cumulative capacity of 48 GWh on both sites by 2030. It
will represent 1 million electric vehicles produced per year, i.e.
more than 10% of the European market.
- Position ACC as a major competitive player in supplying
electric vehicle manufacturers.
This project benefits from the financial support of French and
German public authorities representing €1.3 billion. It received
the European institutions agreement through an IPCEI project that
testifies to the strategic importance of mobility for the energy
transition. The whole project will mobilize an investment more than
€5 billion investment.
Carlos Tavares, Chairman of Groupe PSA: «The construction
of the European battery consortium that we wished for is now a
reality. I would like to pay special tribute to the commitment of
the Total/Saft and Groupe PSA/Opel teams who have made this project
come true. This new step is consistent with our central purpose: "to offer citizens clean,
safe and affordable mobility" and gives Groupe PSA a competitive
advantage in the context of growing sales of electric vehicles. ACC
takes Groupe PSA further along the road to carbon neutrality».
Patrick Pouyanné, Chairman of Total comments: “The
creation of ACC illustrates Total's commitment to meet the
challenge of climate change and to develop as a broad energy
company, a major player in the energy transition, by continuing to
provide affordable, reliable, and cleaner energy. Our ambition is
to leverage the recognized expertise of our subsidiary SAFT in
batteries and the industrial know-how of our partner PSA to meet
the strong growth of electric vehicles in Europe. I would like to
offer my encouragement to the teams who will be joining ACC to make
this adventure a real European technological and industrial
success”.
About Groupe PSA
Groupe PSA designs unique
automotive experiences and delivers mobility solutions to meet all
customer expectations. The Group has five car brands, Peugeot,
Citroën, DS, Opel and Vauxhall and provides a wide array of
mobility and smart services under the Free2Move brand. Its ‘Push to
Pass’ strategic plan represents a first step towards the
achievement of the Group’s vision to be “a global carmaker with
cutting-edge efficiency and a leading mobility provider sustaining
lifetime customer relationships”. An early innovator in the field
of autonomous and connected cars,
Groupe PSA is also involved in financing activities through Banque
PSA Finance and in automotive equipment via Faurecia..
Media library: medialibrary.groupe-psa.com / @GroupePSA_EN
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is more affordable, more reliable,
cleaner and accessible to as many people as possible. Active in
more than 130 countries, our ambition is to become the responsible
energy major.
About Saft
Saft specializes in advanced technology battery solutions for
industry, from design and development to production, customization
and service provision. For 100 years, Saft’s longer-lasting
batteries and systems have provided critical safety applications,
back-up power and propulsion for our customers. Our innovative,
safe and reliable technology delivers high performance on land, at
sea, in the air and in space. Saft is powering industry and smarter
cities, while providing critical back-up functionality in remote
and harsh environments from the Arctic Circle to the Sahara Desert.
Saft is a wholly-owned subsidiary of Total, a major energy player
that produces and markets fuels, natural gas and low-carbon
electricity.
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE. directly or indirectly owns investments are separate
legal entities. TOTAL SE. has no liability for their acts or
omissions. In this document, the terms “Total”, “Total Group” and
Group are sometimes used for convenience. Likewise, the words “we”,
“us” and “our” may also be used to refer to subsidiaries in general
or to those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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1 ACC : Automotive Cells Company
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Groupe PSA : Claudia Raynaud – +33 6 61 64 03 83 – claudia.lefevre@mpsa.com Alain le Gouguec –
+33 6 42 59 27 84 – alain.legouguec@mpsa.com
Saft : Relations Médias – +33 1 58 63 16 60 – karen.hollington@saftbatteries.com
Total : Relations presse – +33 (0)1 47 44 46 99 –
presse@total.com – @TotalPress
Relations Investisseurs – +44 (0)207 719 7962 –
ir@total.com
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