26/07/2018 Press release
Total Energy Ventures Enters Partnership Agreement with NIO Capital
26 July 2018 -Total Energy Ventures and NIO Capital have signed an agreement to cooperate and invest in the mobility sector in China, notably in areas such as electric vehicles (EVs), autonomous driving and intelligent systems, connected vehicles and mobility services.
The mobility sector is experiencing a rapid evolution, driven by new technologies and consumer demand for cleaner, more convenient and eco-friendly modes of transportation. Total is actively helping to meet these needs by bringing innovative mobility and energy solutions to our customers while contributing to a cleaner environment.
The partnership with NIO Capital will allow Total to join the vibrant innovation ecosystem of the Chinese mobility sector and to develop strong ties with top-tier Chinese innovators. Total’s venture capital arm, Total Energy Ventures, will bring value through its global venture expertise, while Total will bring value through its integrated low-carbon solutions.
This is another milestone in Total’s involvement in China’s innovation sector. In March 2018, the Group became a founding partner of the Cathay Smart Energy Fund, which focuses on the new energy sector in China.