Auto concern PSA will build two gigafactories in cooperation with Total

Auto concern PSA will build two gigafactories in cooperation with Total

September 6, 2020 0 By autotimesnews

The total capacity of the battery plants will be 48 gigawatt-hours per year. This is enough for 1 million electric vehicles annually.

Automotive group PSA, which unites brands Peugeot, Citroen, DS and Opel, as well as the petrochemical concern Total announced the creation of a joint venture Automotive Cells Company, abbreviated as ACC. It will design and manufacture batteries for electric cars in Europe.

The partners’ short-term plans include the construction of a research center in France, and then the construction of two gigafactories: one also in France, and the second in Germany. These factories will start operating in 2023. The capacity of their first stages will be 8 gigawatt-hours per year for each, and over time they will reach 48 gigawatt-hours per year in total. This is about one and a half times more than Tesla’s Gigafactory in Nevada is currently doing.

The batteries from these two factories are enough to power a million electric vehicles annually. The partners estimate that the total demand for batteries for electric vehicles in Europe will grow 15 times by 2030 and reach 400 gigawatt-hours.

Interestingly, the plans do not say anything about another PSA partner – the Italian-American group FCA, which unites the concerns of Fiat and Chrysler. Perhaps FCA will join the project later, announcing the construction of a third gigafactory in Italy. Or it will completely independently decide the issue of batteries for electric vehicles.