REG-TotalEnergies SE Stellantis and TotalEnergies Welcome Mercedes-Benz as a New Partner of Automotive Cells Company (ACC) and Raise Its Capacity Plan to at Least 120 GWh by 2030

TotalEnergies SEAnnouncement

24/09/2021 08:10

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Stellantis and TotalEnergies Welcome Mercedes-Benz as a New Partner of
Automotive Cells Company (ACC) and Raise Its Capacity Plan to at Least 120 GWh
by 2030


 * Mercedes-Benz becomes an equal shareholder of ACC along with Stellantis and
TotalEnergies, each with 1/3 equity stake.

 * Mercedes-Benz to provide technology and production know-how to Automotive
Cells Company (ACC).

 * The partners will accelerate ACC’s development with an objective of at least
120 GWh of cell capacity by 2030.

 

Stellantis, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Mercedes-Benz
have entered into agreements to welcome Mercedes-Benz as a new partner of
Automotive Cells Company (ACC). The transaction is subject to agreement on
definitive documentation and customary closing conditions, including
regulatory approvals. Following its entry, the partners commit to increase
ACC’s industrial capacity to at least 120 GWh by 2030.

ACC results from the initiative taken in 2020 by Stellantis and TotalEnergies,
together with its affiliate Saft, and supported by the French, German and
European authorities, to create a European battery champion for electric
vehicles. The entry of Mercedes-Benz in ACC is a clear demonstration of its
industrial progress and of the merits of the project, which it will
strengthen.

ACC’s objective is to develop and produce battery cells and modules for
electric vehicles with a focus on safety, performance and competitiveness,
while ensuring the highest level of quality and the lowest carbon footprint.
The updated ACC capacity plan will mobilize an investment of more than seven
billion euros, which will be supported by subsidies and financed by equity and
debt. The creation of this European battery champion will support Europe to
address the challenges of the energy transition in mobility, ensure its
security of supply of a key component for the electric car industry.

ACC will be supported by a winning trio of partners that combine:


 * A deep technological expertise in battery development with Saft, the affiliate
of TotalEnergies, which has more than 100 years of experience in the field of
long-life batteries and battery systems.

 * A leading global mobility player with Stellantis that has a clear mission to
provide cutting-edge technology to ensure freedom of movement for all through
distinctive, appealing, affordable and sustainable mobility solutions.

 * The research and development expertise of Mercedes-Benz, along with its
support to the expansion of ACC’s production facilities based on the
brand’s benchmark quality standards.

"Mercedes-Benz pursues a very ambitious transformation plan and this
investment marks a strategic milestone on our path to CO2 neutrality. Together
with ACC, we will develop and efficiently produce battery cells and modules in
Europe – tailor-made to the specific Mercedes-Benz requirements,” says Ola
Källenius, CEO of Daimler AG and Mercedes-Benz AG. “This new partnership
allows us to secure supply, to take advantage of economies of scale, and to
provide our customers with superior battery technology. On top of that, we can
help to ensure that Europe remains at the heart of the auto industry – even
in an electric era. With Mercedes-Benz as a new partner, ACC aims to more than
double capacity at its European sites to support Europe's industrial
competitiveness in the design and manufacturing of battery cells.”

“We welcome Mercedes-Benz as a strategic partner who shares our ambition to
accelerate ACC’s leadership,” said Stellantis CEO Carlos Tavares.
“Stellantis' electrification strategy is running full-speed ahead, and
today’s announcement is the next step in our plan to be the automotive
frontrunner, with all 14 brands committed to offering best-in-class fully
electrified solutions that meet demands of customers. This consortium
leverages our shared technical expertise and manufacturing synergies, and
continues to ensure that Stellantis leads the way the world moves in the most
efficient, affordable and sustainable way.”

“We are delighted to welcome Mercedes-Benz as a new partner of ACC. This
demonstrates the credibility of our initiative taken a year ago with
Stellantis and will clearly support our ambition to create a European battery
champion. Together, we are bringing all our skills to contribute to the
sustainable development of mobility. This new step is another demonstration of
TotalEnergies transformation into a broad energy company and of our
willingness to extend our footprint in electric mobility. TotalEnergies will
draw on the recognized expertise of its subsidiary Saft in batteries and on
the industrial know-how of our partners to meet the strong growth of electric
vehicles in Europe” said Patrick Pouyanné, TotalEnergies' Chairman and CEO.

About ACC

Automotive Cells Company (ACC) was founded in August 2020 and to date combines
the expertise of three major companies with complementary skills and
experience. ACC's ambition is to become the European market leader for car
batteries that allow clean and efficient mobility for all. The R&D Center
and testing facilities in Nouvelle-Aquitaine are just the beginning.

About Mercedes-Benz

Mercedes-Benz AG is responsible for the global business of Mercedes-Benz Cars
and Mercedes-Benz Vans, with over 170,000 employees worldwide. The company
focuses on the development, production and sales of passenger cars, vans and
vehicle-related services. Furthermore, the company aspires to be the leader in
the fields of electric mobility and vehicle software. Mercedes-Benz AG is one
of the world's largest manufacturers of luxury passenger cars. In its two
business segments, Mercedes-Benz AG is continually expanding its worldwide
production network with around 35 production sites on four continents, while
gearing itself to meet the requirements of electric mobility. At the same
time, the company is constructing and extending its global battery production
network on three continents.

About Saft

Saft specializes in advanced technology battery solutions for industry, from
the design and development to the production, customization and service
provision. For more than 100 years, Saft’s longer-lasting batteries and
systems have provided critical safety applications, back-up power and
propulsion for our customers. Our innovative, safe and reliable technology
delivers high performance on land, at sea, in the air and in space. Saft is
powering industry and smarter cities, while providing critical back-up
functionality in remote and harsh environments from the Arctic Circle to the
Sahara Desert. Saft is a wholly owned subsidiary of TotalEnergies, a broad
energy group that produces and markets fuels, natural gas and electricity.

We energize the world. www.saftbatteries.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.saftbatteries.com&esheet=52497107&newsitemid=20210924005099&lan=en-US&anchor=www.saftbatteries.com&index=1&md5=e7ff9cad4d620140426d0075bad2826c)

About Stellantis

Stellantis is one of the world’s leading automakers and a mobility provider,
guided by a clear vision: to offer freedom of movement with distinctive,
affordable and reliable mobility solutions. In addition to the Company’s
rich heritage and broad geographic presence, its greatest strengths lie in its
sustainable performance, depth of experience and the wide-ranging talents of
employees working around the globe. Stellantis will leverage its broad and
iconic brand portfolio, which was founded by visionaries who infused the
marques with passion and a competitive spirit that speaks to employees and
customers alike. Stellantis aspires to become the greatest, not the biggest,
while creating added value for all stakeholders, as well as the communities in
which it operates.

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on
a global scale: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, clean, reliable and accessible to as many people as possible.
Active in more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations to
contribute to the well-being of people.

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TotalEnergies SE directly or
indirectly owns investments are separate legal entities. TotalEnergies SE has
no liability for their acts or omissions. The terms “Company” or
“TotalEnergies company” refer collectively to the company TotalEnergies SE
and the companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present communication.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. This document may
contain forward-looking information and statements that are based on a number
of economic data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TotalEnergies SE nor any of its
subsidiaries assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this document
whether as a result of new information, future events or otherwise.

ACC: 

Matthieu Hubert: +33 (0) 6 88 05 16 26, matthieu.hubert@acc-emotion.com
(mailto:matthieu.hubert@acc-emotion.com)

Mercedes-Benz: 

Aline Meiser: +49 (0) 176 30 900 064, aline.meiser@daimler.com 
(mailto:aline.meiser@daimler.com) 
Heike Rombach: +49 (0) 176 30 922 505, heike.rombach@daimler.com
(mailto:heike.rombach@daimler.com)

Saft: 

Elma Peters: +33 (0) 7 63 46 06 47; elma.peters@saftbatteries.com
(mailto:elma.peters@saftbatteries.com)

Stellantis: 

Pierre-Olivier Salmon: +33 6 76 86 45 48, pierreolivier.salmon@stellantis.com 
(mailto:pierreolivier.salmon@stellantis.com) 
Valerie Gillot: +33 6 83 92 92 96, valerie.gillot@stellantis.com
(mailto:valerie.gillot@stellantis.com)

TotalEnergies: 

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=52497107&newsitemid=20210924005099&lan=en-US&anchor=%40TotalEnergiesPR&index=2&md5=65c924980b1417b4332b8afc24ac4215)


Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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