REG-TotalEnergies SE TotalEnergies Joins Forces with China Three Gorges Corporation to Develop More than 11,000 High Power Charge Points for Electric Vehicles in Wuhan and Hubei Province

TotalEnergies SEAnnouncement

28/09/2021 08:05

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TotalEnergies Joins Forces with China Three Gorges Corporation to Develop More
than 11,000 High Power Charge Points for Electric Vehicles in Wuhan and Hubei
Province

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and China Three Gorges
Corporation (CTG, through its two affiliates CTG Capital and CTG Electric
Energy) have signed an agreement to establish a Joint Venture in electric
mobility in China. This equally owned company will develop Electric Vehicle
(EV) high power charging infrastructure and services within the Hubei
Province, through the installation and operation of more than 11,000 high
power charge points by 2025.

This JV will build on TotalEnergies’ worldwide expertise in electric
mobility and CTG 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 kW 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 B2B customers, to meet their needs. Finally, 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.

The JV’s growth perspectives are supported by China’s ambition to be
carbon net neutral by 2060. In a context of a fast-growing energy demand for
mobility, the EV penetration rate is expected to increase dramatically over
the coming years, requiring a rapid expansion of the existing fast-charging
network.

“We share common and important visions with China Three Gorges the ambition
to reach carbon neutrality, the undeniable willingness to push for renewable
power and the enthusiasm to develop electric mobility,” declared Alexis
Vovk, President Marketing & Services at TotalEnergies. “Hubei province
is a natural ground to launch this cooperation, as both our companies are
established there, and to contribute to the development of sustainable
mobility in China and to accompany the ongoing growth of Electric Vehicles in
the country. This partnership with CTG opens new doors to TotalEnergies for a
long term and widened cooperation with a leader of China’s electric
energy.”

“We are very proud to work with the world leading energy group,
TotalEnergies, as we share the common mission of providing clean energies to
the world,” said Dr Jin Heping, Chief Information Officer of CTG Group,
responsible for Technology and Innovation. “New energy vehicles’ charging
is an important part of new infrastructures’ construction. It has a broad
development prospect, with a strong demand for technological iteration. There
is such demand for technological innovation in the fields of big data
platforms, equipment system integration and solar energy storage and charging
microgrids. Through the cooperation with TotalEnergies, we would like to
extend our upstream expertise in clean power generation and power supply to
the downstream retail and mobility services business, while creating at the
same time a model of technological innovation in the field of new energy
vehicle charging. We are looking forward to learn from each other, and to
establish a long-term relationship with TotalEnergies in other energy sectors
in China and worldwide.”

CTG Corporation, 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 GW of hydro, wind and solar power generation capacities
in China and overseas – namely in Europe – over the past five years.
TotalEnergies has been present in Wuhan and in Hubei province since 1995,
notably through its network of branded fuel service-stations, its lubricant
business and its affiliate Hutchinson.

With this announcement, TotalEnergies pursues its development in electric
mobility in major cities throughout the world, with a large portfolio of EV
charge points currently in operation or in the process of being installed:
Amsterdam and its region (22,000), Antwerp (3,000), Paris (2,300), London
(1,700). This is also the second development in Asia in recent months,
following the acquisition of Singapore largest EV charge network (1,500) in
July 2021.

***

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.

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About China Three Gorges Corporation

China Three Gorges Project Corporation was founded on September 27, 2009. CTG
positions itself as a clean energy group focusing on large-scale hydropower
development and operation, development of wind power and solar energy among
other renewable energies. By the end of 2020, CTG's total installed capacity
had reached 140 GW, including already commissioned or under construction
capacities and those owned on a minority-equity basis. More specifically,
renewable clean energy accounts for 94.7% of the total mix. CTG's overseas
investment and contracting business has expanded to over 40 countries and
regions in Europe, America, Africa and Southeast Asia, with a total installed
capacity over 17 GW. Overseas business has offered a major impetus for the
sustainable growth of CTG.

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.

TotalEnergies Contacts 

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
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Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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