Groupe PSA and Total Create "Automotive Cells Company", a Joint Venture Dedicated to the Manufacture of Batteries in Europe
September 03 2020 - 12:25PM
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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 EUR1.3 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
EUR5 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
View source version on businesswire.com:
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CONTACT: 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
SOURCE: TOTAL
Copyright Business Wire 2020
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September 03, 2020 12:10 ET (16:10 GMT)
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