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Total hesitant to join EU battery project due to China's rise

CEO Pouyanne wonders if European products can be competitive in Asia

A woman walks past a sign of a charging point for electric vehicles in Prague, Czech Republic.    © Reuters

PARIS -- French energy giant Total is not yet ready to participate in the Pan-European battery project for electric vehicles, the company's chief executive said in an interview with the Nikkei Asian Review.

CEO Patrick Pouyanne's decision will impact the project, which seems to have chosen Total subsidiary plants for pilot production in a market increasingly dominated by Asian companies, especially Chinese.

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