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)