The oil corporation Total has purchased the French charging infrastructure specialist G2Mobility, hailing the move as “a pivotal step in improving our electric vehicle charging offering”. Furthermore, Total announced a cooperation with the cable manufacturer Nexans.
Total is purchasing the infrastructure specialists from their former owners, which include Nexans, for an unpublished price. The acquisition will give Total control over a total of almost 10,000 new charging stations. Alongside, Total’s planned cooperation with Nexans will provide them access to their production capacities and industrial know-how to expand the charging network.
This is not the first time that the French oil company has made a broad move to address the incoming e-mobility shift. A year ago, they announced a cooperation with charging infrastructure supplier NewMotion, to provide access to the 50,000 chargers for their customers across 25 European nations. Furthermore, their subsidiary Saft is focusing on battery development. In February, Saft announced a cooperation with Siemens, Solvay and Manz to found a European Battery Alliance to research, develop and industrialize future battery generations, including for use in EVs.
Their competition from the oil industry is not far behind, however: Their British counterpart BP announced plans to purchase charging specialist Chargemaster in June. Shell purchased the charging infrastructure specialist NewMotion about a year ago.
– ADVERTISEMENT –