TotalEnergieshas established a joint venture with China Three Gorges (CTG) in electric mobility in China, second such development in Asia for the French supermajor over the last three months.
The 50-50 JV will develop electric vehicle high power charging infrastructure and services in China’s Hubei province, through the installation and operation of more than 11,000 high power charge points by 2025.
The new venture builds on TotalEnergies’ expertise in electric mobility and CTG's strong capability in green energy production and supply.
The two companies intend to develop co-branded high power charging hubs and standalone stations, open to the general public, equipped with 60 kilowatts to 120 kW power charge points and with an average hosting capacity ranging between 20 to 50 vehicles each.
The partners will also build dedicated charging stations on the premises of business-to-business customers, to meet their needs.
In line with the partners’ respective ambitions to carbon neutrality, the electricity used to power this new network will be produced mostly from renewable sources.
Based on China’s ambition to be carbon net neutral by 2060 and a fast-growing energy demand for mobility, China’s EV penetration rate is expected to increase dramatically over the coming years, requiring a rapid expansion of the existing fast-charging network.
This partnership with CTG opens new doors to TotalEnergies for a long term and widened cooperation with a leader of China’s electric energy, said Alexis Vovk, president marketing & services at TotalEnergies.
Jin Heping, CTG’s chief information officer, highlighted demand for technological innovation in the fields of big data platforms, equipment system integration and solar energy storage and charging microgrids.
CTG, the operator of the Three Gorges Dam, is China’s largest clean energy corporation and the world largest hydro-power producer. It has developed more than 30 gigawatts of hydro, wind and solar power generation capacities in China and overseas over the past five years.
TotalEnergies, led by chief executive Patrick Pouyanne, already has a large portfolio of EV charge points currently in operation or in the process of being installed with 22,000 in Amsterdam, 3000 in Antwerp, 2300 in Paris and 1700 in London.
In July this year, TotalEnergies also acquired Singapore’s largest EV charge network with 1500 points.