Stellantis, Mercedes battery cell JV to build plant in Italy

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Reuters UK

ROME (Reuters) -Automotive Cells Company (ACC), a joint venture between Stellantis, Mercedes-Benz and TotalEnergies, plans to build a battery plant in Italy, the latest move to boost capacity to meet demand for electric vehicles. ACC will convert an existing Stellantis plant in Termoli, in southern Italy, into a battery facility as agreed in a March 21 memorandum of understanding with Italian authorities. It has not provided details on the investment, but said on Wednesday the goal was to produce batteries for more than 2.5 million vehicles per year by 2030. The battery plant would be the thir…

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