Stellantis Affirms Commitment to Italy with Battery Plant Investment

Stellantis Invests in Italian Battery Plant

The goal is to increase industrial capacity to at least 120 gigawatt hours (GWh) by 2030.

Together with its partners, Stellantis announced it supports Automotive Cells Company’s (ACC) (founded by Stellantis and TotalEnergies/Saft in August 2020) growth plans as it intends to transform Stellantis’ existing Termoli plant in Italy to a new battery facility and finalizes the agreement to add Mercedes-Benz as a new, equal partner with TotalEnergies/Saft and Stellantis.

The partners have also committed to increase ACC’s industrial capacity to at least 120 gigawatt hours (GWh) by 2030 and to scale up development and production of next-generation high-performance battery cells and modules.

“We are grateful to everyone involved in this investment to secure the future of the great community in Termoli,” said Carlos Tavares, Stellantis CEO. “Transforming the existing plant to help support a more sustainable future positions ACC as the European leader in battery manufacturing and reaffirms, thanks to the collaboration with the Ministry of Economic Development, Italy’s role in supporting Stellantis’ transformation to a sustainable mobility tech company.”

As part of the Dare Forward 2030 strategic plan, Stellantis announced plans to have global annual battery electric vehicle sales of five million vehicles by 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger cars and light-duty trucks in the United States. Stellantis also increased planned battery capacity by 140 GWh to approximately 400 GWh, to be supported by five gigafactories together with additional supply contracts.

You May Also Like

Automechanika Ho Chi Minh City Event Lineup Announced

More than 500 exhibitors will showcase innovative mobility solutions, advanced technologies and a wide range of automotive products and services, June 20-22.

The sixth edition of Automechanika Ho Chi Minh City, June 20-22, 2024, is set to host "an impressive lineup of global industry players," according to show organizer Messe Frankfurt.

More than 500 exhibitors will showcase innovative mobility solutions, advanced technologies and a wide range of automotive products and services across Halls A and B of the Saigon Exhibition and Convention Center. “The exhibition is built on mobilizing domestic and international resources to serve as a platform for networking, trade, and knowledge exchange, fostering collaboration and community to drive the progression of the Vietnamese market under a backdrop of sustainability,” Messe Frankfurt said.

Yokohama Holds Groundbreaking for Tire Plant in Mexico

The facility is set to begin production in early 2027, with a planned annual output of 5 million tires.

LEVC Provides First Glimpse of its L380 Luxury MPV

LEVC has debuted information and images of its L380 MPV, the first of a new range of smart, spacious, fully electric models.

LEVC
NEXEN TIRE Wins Red Dot Design Award 2024

NEXEN TIRE’s N’FERA SPORT S tires won the main prize in the product design category.

NEXEN
VIPAR Hires Dir. of Business Development for Latin America

The VIPAR Heavy Duty Family of Companies announced Cinthya Rivera has joined its team.

Other Posts

Mexico Auto Sales & Production: Winners and Losers

Karig discusses the overall sales and production climate for the automotive industry in Mexico.

Marelli to Launch ProConnect at Beijing Intl. Auto Exhibition

ProConnect is a fully integrated cluster with infotainment and 5G telematics, targeted for the Chinese market.

Marelli Cockpit
Delphi Tapped for Global Hybrid Debut

Delphi will provide its high-performance 500bar GDI fuel system for Changan’s hybrid launch in Q2 2024.

XPENG Expands Into Hong Kong and Macau

A partnership with Sime Darby Motors will enable XPENG to bring its latest smart EVs to local consumers in the Hong Kong market.