Stellantis and Mercedes secure €4.4 billion for three giga-battery plants

Joris Van Roy

February 16, 2024

With the €4.4 billion secured now, shareholders Stellantis, Mercedes-Benz and Saft will expand the capacity of the ACC battery factory in France and build two new ones in German and Italy /ACC

Automotive Cells Company (ACC), the joint venture by Stellantis, TotalEnergies' Saft, and Mercedes-Benz, has announced that its shareholders secured a €4.4 billion debt raising, increasing the funding for the construction of four new production facilities at three gigafactories for lithium-ion bat
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