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© Reuters. FILE PHOTO: The emblem of Stellantis is seen on an organization’s constructing in Velizy-Villacoublay close to Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes/
ROME (Reuters) -Automotive Cells Firm (ACC), a three way partnership between Stellantis , Mercedes-Benz and TotalEnergies, stated on Wednesday it plans to construct a battery plant in Italy.
ACC will convert an present Stellantis plant in Termoli, in southern Italy, right into a battery facility as agreed in a March 21 memorandum of understanding with Italian authorities.
It didn’t present additional element on the funding.
The battery plant can be the third in Europe for Stellantis, after ones already introduced in France and Germany, that are additionally being constructed via ACC.
Rome pledged final month to offer 369 million euros ($407 million) of public cash for Termoli and Stellantis CEO Carlos Tavares stated the funding for the brand new web site may very well be related in measurement to these deliberate for the gigafactories in France and Germany, the place the funding is seen at round 2 billion euros.
ACC stated that the three companions have dedicated to extend its industrial capability to no less than 120 gigawatt hours (GWh) by 2030 and scale up the event and manufacturing of next-generation high-performance battery cells and modules.
The up to date capability plan will mobilise an funding of greater than seven billion euros, ACC stated within the assertion.
The manufacturing capability of the French and German crops will every be elevated to 40 GWh from 24 GWh initially deliberate.
($1 = 0.9071 euros)
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