It’s been two years since Total gobbled up Saft in a friendly takeover— amid concern that advances in battery technology might become lost in the oil giant’s fossil fuels portfolio. But judging from recent events not a bit of it.
Saft India has now emerged out of a joint venture, pledging to expand investment in keeping up with the heady pace of all things batteries in the Indian market— particularly in the rail and telecoms sectors.
This comes on the back of Saft clinching a five-year deal to supply batteries to a Chinese train builder — and launching an ambitious R&D push for advanced lithium-ion and solid-state with partners in Europe.
It makes a change to see the battery trade traffic heading into Asia. Vive la différence!