As one of the largest oil majors globally, TotalEnergies has long dominated the international energy markets. With $184.7B in annual revenue in 2021, the energy incumbent’s business strategy has traditionally focused on fossil fuels.
However, the company’s recent rebrand from Total to TotalEnergies reflects a change in strategy to include more sustainable business segments. As part of the transition, the company is focused on vehicle electrification (both the infrastructure and charging solutions to optimize the flow of energy) as well as EV battery tech.
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The post What is TotalEnergies doing in EV tech? appeared first on CB Insights Research.