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Oil is the aggregate of the group if the group is not alone in the EV battery production: CEO

FILE PHOTO: CEO of Total, Patrick Pouyanne, attended the MEDEF union summer forum has been renamed to the a La Rencontre des Entrepreneurs de France), LaREF, in central Paris, Longchamp racecourse, in Paris, France, on August 29, 2019. REUTERS/Benoit Tessier

PARIS (Reuters) – Oil major Total is not the risk will not be in the production of batteries for electric vehicles, said Total’s chairman and chief executive Patrick Pouyanne on Thursday.

He also said that the group was in talks with other companies on a battery of the consortium, with the addition that it would need financial support.

France and Germany started in April, with a European battery cell and a consortium, including car maker PSA with its German daughter Opel and French battery maker Saft, which is a part of the whole.

Reporting by Bate Felix; Writing by Benoit Van Overstraeten; Editing by Sudip Kar-Gupta

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