TotalEnergies, China Three Gorges Corporation enter agreement over electric mobility in China

France's TotalEnergies and China's Three Gorges Corporation announced a joint venture to develop more than 11,000 high power charge points for electric vehicles in Wuhan and Hubei provinces by 2025.

“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," said Alexis Vovk, President Marketing & Services at TotalEnergies in a joint statement by the companies.

The companies said that they 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 joint venture’s growth perspectives are supported by China’s ambition to be carbon net neutral by 2060," the company said in a joint statement with China Three Gorges. 

The companies said that EV penetration rate is expected to "increase dramatically" over the coming years; therefore, it is required to have a rapid expansion of the existing fast-charging network.