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Europe ‘lost edge to China’ in batteries— Saft owner

Mon, 02/04/2019 - 00:00 -- John Shepherd
Patrick Pouyanné

Europe has “lost its edge” to China in the battery stakes— even before the EU’s proposed Batteries Alliance starts making cells, the boss of the company that owns French batteries firm Saft has said.

Patrick Pouyanné (pictured), the chairman and CEO of oil and gas giant Total, which acquired Saft in 2016, told broadcaster CNBC: “Quite frankly, Europe’s lost its edge, in this area, hasn’t it? The Chinese are now the world leaders in renewable energy.”

Pouyanné said he had spoken to German economy minister Peter Altmaier, who had “talked a lot about batteries, and how he thinks it’s an important direction” in which Europe should go.

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