Total seeks Collaborators on electric car battery production

Oil major Total will not risk going alone in producing battery cells for electric vehicles, said Total’s Chairman and Chief Executive Patrick Pouyanne on Thursday.

He also said the group was in talks with other companies on a battery consortium, adding that this would need subsidies.

France and Germany in April initiated a first European battery cell consortium, including carmaker PSA with its German subsidiary Opel, and French battery maker Saft, a unit of Total.