PARIS (Reuters) - A joint venture between French energy major Total (PA:TOTF) and automaker Peugeot (PA:PEUP) will aim to produce batteries for 1 million electric vehicles per year by 2030, Total Chief Executive officer Patrick Pouyanne said on Thursday.
"That will be around 10 to 15 percent of the market and will require 5 billion euros (£4.22 billion) in investments. It is an important bet," Pouyanne said at the launch of a pilot line for the project in southwest France.