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17 Nov
13:11

Total, Groupe PSA form €5 billion battery JV

Auto producer Groupe PSA and oil major Total have formed a €5 billion joint venture to set up “a world class player in the development and manufacture of high-performance batteries for the automotive industry from 2023,” Kallanish learns from a company release.  The company, dubbed Automotive Cells Company or ACC, will have its chief research and development center in Bordeaux, France. Production will later be handled via gigafactories in Dou…
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