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TotalEnergies & Stellantis Form Automotive Cells Company (ACC) was orginally published in The Weekend Brief (TWB) Newlestter by Areas & Producers
In 2020, a new partnership emerged in the form of a joint-venture to design and produce electric vehicle (EV) batteries. Led by TotalEnergies and Stellantis, the Automotive Cells Company (ACC) brought on a new partner, Mercedes-Benz, in 2021 to become an equal shareholder in the venture. To produce top-grade battery cells and modules, they agreed to increase industrial capacity to approximately 120 GWh by 2030.
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The ACC has been spearheaded under the backdrop of many automakers’ and energy companies’ push to become bigger players in EV markets by partnering with others for electric and sustainable mobility strategies.
This began in November 2020 with TotalEnergies’ acquisition of 2,000 EV charge points from Viessmann group of Charging Solution in Germany, giving it one of the most significant e-mobility markets in Europe.
The company then made a deal with Singapore’s Bollore Group in July 2021 to acquire more than 1,500 EV charge points, making TotalEnergies the owner and operator of Singapore’s largest EV charging network: Blue Charge.
TotalEnergies & Stellantis Form Automotive Cells Company (ACC) was orginally published in The Weekend Brief (TWB) Newlestter by Areas & Producers
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