TIDMTTE
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
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
Mercedes-Benz:
Aline Meiser: +49 (0) 176 30 900 064,
aline.meiser@daimler.com
Heike Rombach: +49 (0) 176 30 922 505,
heike.rombach@daimler.com
Saft:
Elma Peters: +33 (0) 7 63 46 06 47;
elma.peters@saftbatteries.com
Stellantis:
Pierre-Olivier Salmon: +33 6 76 86 45 48,
pierreolivier.salmon@stellantis.com
Valerie Gillot: +33 6 83 92 92 96,
valerie.gillot@stellantis.com
TotalEnergies:
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l
@TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l
ir@totalenergies.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210924005099/en/
CONTACT:
TOTALENERGIES SE
SOURCE: TotalEnergies SE
Copyright Business Wire 2021
(END) Dow Jones Newswires
September 24, 2021 03:06 ET (07:06 GMT)
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