MILAN – ACC, a joint venture between Stellantis, Mercedes and Total Energy, said Friday that its planned Italian battery-making plant is expected to start operations in 2026.
The plan would involve a total investment of more than 2 billion euros ($2.1 billion) in Italy, including public funds, the ACC said in a statement after a meeting of unions in Rome.
Carmaker Stellantis plans to develop three ‘gigafactories’ in Europe to meet its increased production of battery electric vehicles. They will be built in France, Germany and Italy through the ACC with a capacity of 40 gigawatt hours (GWh) by 2030.
The Italian project will be set up in the southern city of Termoli through the conversion of the existing Stellantis engine and gearbox plant, which currently employs around 2,000 workers.
It should start operations in early 2026, while it should reach full capacity in 2030 with at least 1,800 employees, ACC said in the statement. ($1 = 0.9377 Euro)