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BUSINESS

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

TotalEnergies, China Three Gorges to form electric mobility venture in China 40

PARIS (Reuters) – 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.

(Reporting by Benjamin Mallet; writing by Matthieu Protard; editing by Jason Neely)

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