Total and Groupe PSA create a joint venture to produce batteries for electric vehicles of the Automotive Cells Company. By 2030 the company will produce batteries with a total energy capacity of 48 GWh annually, which will meet the needs of 1 million electric cars or more than 10% of the European market. Part of the financing in the amount of β¬1.3 billion will be provided by the German and French authorities, and the total investment in the project will amount to more than β¬5 billion.
Total and Groupe PSA create a joint venture to produce batteries for electric vehicles of the Automotive Cells Company. By 2030 the company will produce batteries with a total energy capacity of 48 GWh annually, which will meet the needs of 1 million electric cars or more than 10% of the European market. Part of the financing in the amount of β¬1.3 billion will be provided by the German and French authorities, and the total investment in the project will amount to more than β¬5 billion. 
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