TotalEnergies inks deal to buy BlueSG's electric vehicle charging network
FRENCH energy giant TotalEnergies has inked a deal to buy electric vehicle charging provider Bluecharge from Paris-listed transport group Bolloré.
No value was disclosed by TotalEnergies in its announcement on Wednesday.
Bluecharge operates some 1,500 charge points for both private vehicles and car-sharing service BlueSG, which Bolloré is in the process of selling to Singapore commercial leasing firm Goldbell Group.
Alexis Vovk, president of marketing and services at TotalEnergies, called the acquisition "a key initiative for TotalEnergies in Asia-Pacific, a region where the development of electric mobility is a major challenge, deeply linked to the energy transition".
TotalEnergies, which used to trade as oil supermajor Total, also noted in its press release that Singapore's electric mobility growth outlook will be driven by the national Green Plan 2030 target of 60,000 charge points islandwide over the next decade.
Liang Ting Wee, who heads marketing and services for TotalEnergies in the Asia-Pacific and Middle East, said that the group plans to participate in the green plan, and also aims "to forge key partnerships and to accelerate developments in the region" with Singapore as a launchpad.
TotalEnergies already has about 600 employees in Singapore, which houses its largest lubricants plant and the global headquarters of its marine fuels business.
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