Automotive Cells Company (ACC), a collaboration between Stellantis and Mercedes-Benz, is currently engaged in discussions to secure funding for its expansion plans in Europe.
ACC has indicated that the company will unveil the specific details of the financing in the near future. However, an article from Bloomberg has disclosed that the potential debt deal could reach a substantial 4.4 billion euros ($4.74 billion), as per information from undisclosed sources.
The expansion initiative aims to establish four new production facilities across Europe, with locations in Germany, two in Italy, and one in France, in addition to the existing plant in France. ACC has articulated its objective of accelerating growth and reinforcing its position as a notable player in the European sustainable mobility sector.
Both Mercedes and Stellantis have opted not to provide any comments on the matter. It is notable that the ACC joint venture also includes Saft, a subsidiary of TotalEnergies.
The discussion has highlighted the escalating demand for electric vehicle batteries in the European market. The joint venture’s plan to expand its production capacity aligns with the region’s drive for sustainable transportation alternatives.
For further details, please contact David Sachs at [email protected].
This formal communication conveys the latest developments regarding the financing negotiations for ACC’s expansion in Europe. As the world moves towards sustainable energy and transportation, it is vital for companies to strategize and invest in the burgeoning market for electric vehicles and related technologies. With the backing of significant automotive entities such as Stellantis and Mercedes-Benz, the ACC joint venture is well positioned to make substantial contributions to the advancement of sustainable mobility in Europe.
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