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

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The logo of French oil and gas company TotalEnergies is seen at a petrol station in Ressons, France, August 6, 2021. REUTERS/Pascal Rossignol/File Photo

PARIS, Sept 28 (Reuters) - France's TotalEnergies (TTEF.PA) 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. read more

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

Our Standards: The Thomson Reuters Trust Principles.

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