MILAN -- Automotive Cells Company, a joint venture of Stellantis, Mercedes and TotalEnergies said its planned Italian battery making plant was expected to start operations in 2026.
The plan will involve an overall investment worth over 2 billion euros ($2.1 billion) in Italy, including public funds, Automotive Cells Company (ACC) said after meeting unions in Rome.
Stellantis plans to develop three gigafactories in Europe to serve its increased production of battery electric vehicles. They will be built in France, Germany and Italy, through ACC, with a capacity of 40 gigawatt hours (GWh) each by 2030.
The Italian project will be set up in the southern city of Termoli, through the conversion of an existing Stellantis engine and gearbox plant, currently employing around 2,000 workers.
It should start operations at the beginning of 2026 and reach full capacity in 2030, with at least 1,800 employees, ACC said in a statement on Friday.