Stellantis-backed ACC gets funding for European gigafactories
Stellantis(US:STLA) Proactive Investors·2024-02-12 10:32Automotive Cells Company (ACC), the European auto battery manufacturer backed by Stellantis, Mercedes, and TotalEnergies, has finalised a finance agreement for establishing three gigafactories across France, Germany, and Italy. With a bank loan of €4.4 billion out of the total €7 billion needed, this marks one of the largest debt fundraising efforts in Europe's automotive sector. "This deal with the banks reflects the very high level of confidence of these lenders in the ACC project," ACC managing director ...