Total says Saft battery unit moving into energy storage and mobility
Feb 8 (Reuters) - Total Sa:
* TOTAL CEO SAYS SAFT BATTERY UNIT MOVING INTO ENERGY STORAGE AND MOBILITY.
* SAYS NO REGRETS IN INVESTING $1 BILLION IN THE BUSINESS GIVEN EVOLUTION OF BATTERY SECTOR.
* TOTAL BOUGHT THE HIGH-END INDUSTRIAL BATTERY MAKER IN 2016 FOR $1 BILLION.
Just gives you an indication of the type of huge valuations that companies in the LI-B battery production market have. It's so good to have a holding in a company aspiring to become one of the players in this field.
Ann: Joint Development Agreement signed with Celgard, page-96
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