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Automakers

Italy cuts funding for Stellantis, Mercedes EV battery factory

ACC Termoli plant
ACC has paused preparatory work on a site in Termoli, Italy. (ACC)
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By:
from wire reports
September 17, 2024 12:10 PM

The Italian government is cutting funds to a Stellantis and Mercedes-Benz electric-vehicle battery plant after the project faced delays due to a slowdown in EV demand in Europe.

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